Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells $2,896,050.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of salesforce.com stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $193.07, for a total value of $2,896,050.00. Following the completion of the transaction, the chief executive officer now owns 29,963,800 shares of the company’s stock, valued at $5,785,110,866. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, July 24th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $187.47, for a total value of $2,812,050.00.
  • On Monday, July 27th, Marc Benioff sold 30,000 shares of salesforce.com stock. The stock was sold at an average price of $189.01, for a total value of $5,670,300.00.
  • On Wednesday, July 22nd, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $190.40, for a total value of $2,856,000.00.
  • On Monday, July 20th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $192.91, for a total value of $2,893,650.00.
  • On Friday, July 17th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $186.31, for a total value of $2,794,650.00.
  • On Wednesday, July 15th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $188.88, for a total value of $2,833,200.00.
  • On Friday, July 10th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $198.34, for a total value of $2,975,100.00.
  • On Monday, July 13th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $195.33, for a total value of $2,929,950.00.
  • On Wednesday, July 8th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $199.74, for a total value of $2,996,100.00.
  • On Monday, July 6th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $197.17, for a total value of $2,957,550.00.

CRM opened at $194.85 on Friday. salesforce.com, inc. has a fifty-two week low of $115.29 and a fifty-two week high of $202.82. The business has a 50-day moving average of $188.62 and a 200-day moving average of $173.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $172.72 billion, a PE ratio of -1,082.50, a price-to-earnings-growth ratio of 9.46 and a beta of 1.08.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, May 28th. The CRM provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. salesforce.com had a positive return on equity of 2.45% and a negative net margin of 0.92%. The company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same period last year, the business earned $0.93 EPS. The business’s quarterly revenue was up 30.2% on a year-over-year basis. On average, equities research analysts expect that salesforce.com, inc. will post 1.13 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ropes Wealth Advisors LLC raised its stake in shares of salesforce.com by 1.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,037 shares of the CRM provider’s stock worth $569,000 after purchasing an additional 52 shares in the last quarter. Norway Savings Bank raised its stake in shares of salesforce.com by 1.8% in the 2nd quarter. Norway Savings Bank now owns 3,040 shares of the CRM provider’s stock valued at $570,000 after acquiring an additional 55 shares in the last quarter. Shepherd Financial Partners LLC raised its stake in shares of salesforce.com by 0.8% in the 1st quarter. Shepherd Financial Partners LLC now owns 7,907 shares of the CRM provider’s stock valued at $1,136,000 after acquiring an additional 59 shares in the last quarter. FLC Capital Advisors raised its stake in shares of salesforce.com by 1.2% in the 2nd quarter. FLC Capital Advisors now owns 5,267 shares of the CRM provider’s stock valued at $1,041,000 after acquiring an additional 60 shares in the last quarter. Finally, Pacific Wealth Strategies Group Inc. raised its stake in shares of salesforce.com by 1.2% in the 2nd quarter. Pacific Wealth Strategies Group Inc. now owns 4,870 shares of the CRM provider’s stock valued at $912,000 after acquiring an additional 60 shares in the last quarter. 81.26% of the stock is owned by institutional investors.

CRM has been the topic of a number of research analyst reports. Credit Suisse Group reissued a “buy” rating and set a $200.00 price target on shares of salesforce.com in a report on Friday, May 29th. Bank of America reaffirmed a “buy” rating and set a $210.00 target price on shares of salesforce.com in a research note on Thursday, May 14th. ValuEngine cut salesforce.com from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $186.00 target price on shares of salesforce.com in a research note on Monday, June 22nd. Finally, BMO Capital Markets decreased their target price on salesforce.com from $215.00 to $213.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $200.21.

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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