Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 10,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $183.27, for a total value of $1,832,700.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Marc Benioff also recently made the following trade(s):

  • On Tuesday, January 21st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $184.63, for a total value of $1,846,300.00.
  • On Thursday, January 16th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $181.96, for a total value of $1,819,600.00.
  • On Tuesday, January 14th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $182.79, for a total value of $1,827,900.00.
  • On Friday, January 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $180.01, for a total value of $1,800,100.00.
  • On Wednesday, January 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $177.02, for a total value of $1,770,200.00.
  • On Monday, January 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $170.90, for a total value of $1,709,000.00.
  • On Thursday, January 2nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $165.49, for a total value of $1,654,900.00.
  • On Friday, December 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $165.02, for a total value of $825,100.00.
  • On Monday, December 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $163.94, for a total value of $819,700.00.
  • On Friday, December 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $164.53, for a total value of $822,650.00.

Shares of CRM traded down $1.87 on Friday, reaching $182.11. 4,653,571 shares of the company’s stock traded hands, compared to its average volume of 5,397,158. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. The stock has a market cap of $162.10 billion, a PE ratio of 193.73, a PEG ratio of 7.63 and a beta of 1.22. The stock’s 50 day simple moving average is $169.42 and its two-hundred day simple moving average is $157.35. salesforce.com, inc. has a 52-week low of $137.87 and a 52-week high of $186.44.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. salesforce.com’s revenue was up 33.0% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. Analysts forecast that salesforce.com, inc. will post 1.28 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. MidWestOne Financial Group Inc. purchased a new stake in shares of salesforce.com during the second quarter valued at approximately $756,000. EP Wealth Advisors LLC increased its position in salesforce.com by 23.0% in the second quarter. EP Wealth Advisors LLC now owns 2,527 shares of the CRM provider’s stock worth $383,000 after buying an additional 472 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in salesforce.com by 31.2% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 519,231 shares of the CRM provider’s stock worth $77,075,000 after buying an additional 123,548 shares during the last quarter. Welch & Forbes LLC increased its position in salesforce.com by 19.0% in the third quarter. Welch & Forbes LLC now owns 4,290 shares of the CRM provider’s stock worth $637,000 after buying an additional 686 shares during the last quarter. Finally, Sandy Spring Bank increased its position in salesforce.com by 1.7% in the third quarter. Sandy Spring Bank now owns 46,067 shares of the CRM provider’s stock worth $6,839,000 after buying an additional 749 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Several research analysts have issued reports on CRM shares. UBS Group reiterated a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. BMO Capital Markets reiterated a “top pick” rating on shares of salesforce.com in a report on Monday. Cowen reiterated a “buy” rating and issued a $195.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Wedbush reiterated an “outperform” rating and issued a $192.00 price target on shares of salesforce.com in a report on Thursday, November 21st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $185.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $194.66.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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