Marc Benioff Sells 2,300 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 2,300 shares of the company’s stock in a transaction dated Wednesday, January 12th. The shares were sold at an average price of $237.96, for a total transaction of $547,308.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Monday, January 10th, Marc Benioff sold 2,300 shares of salesforce.com stock. The shares were sold at an average price of $224.04, for a total transaction of $515,292.00.
  • On Wednesday, January 5th, Marc Benioff sold 2,300 shares of salesforce.com stock. The shares were sold at an average price of $232.45, for a total transaction of $534,635.00.
  • On Monday, January 3rd, Marc Benioff sold 2,300 shares of salesforce.com stock. The shares were sold at an average price of $252.99, for a total transaction of $581,877.00.
  • On Wednesday, November 3rd, Marc Benioff sold 68,008 shares of salesforce.com stock. The shares were sold at an average price of $301.74, for a total transaction of $20,520,733.92.
  • On Monday, November 1st, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $301.72, for a total transaction of $6,034,400.00.
  • On Friday, October 29th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $298.38, for a total transaction of $5,967,600.00.
  • On Wednesday, October 27th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $297.07, for a total transaction of $5,941,400.00.
  • On Monday, October 25th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $293.44, for a total transaction of $5,868,800.00.
  • On Friday, October 22nd, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $291.21, for a total transaction of $5,824,200.00.
  • On Wednesday, October 20th, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $290.17, for a total transaction of $5,803,400.00.

CRM opened at $231.23 on Friday. The firm has a market cap of $227.76 billion, a P/E ratio of 127.75, a PEG ratio of 5.87 and a beta of 1.06. salesforce.com, inc. has a 1-year low of $201.51 and a 1-year high of $311.75. The company has a 50 day simple moving average of $267.09 and a two-hundred day simple moving average of $264.83. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, November 30th. The CRM provider reported $1.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.35. salesforce.com had a net margin of 6.96% and a return on equity of 5.71%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.80 billion. During the same period in the prior year, the business posted $1.27 earnings per share. The company’s revenue was up 26.6% on a year-over-year basis. Equities analysts anticipate that salesforce.com, inc. will post 2.42 earnings per share for the current year.

Several analysts have recently weighed in on CRM shares. Evercore ISI restated a “buy” rating and set a $375.00 price objective on shares of salesforce.com in a research report on Sunday, December 12th. Royal Bank of Canada raised their price objective on shares of salesforce.com from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, September 24th. Wells Fargo & Company reaffirmed a “buy” rating and set a $340.00 target price on shares of salesforce.com in a report on Thursday, December 23rd. Jefferies Financial Group set a $360.00 target price on shares of salesforce.com in a report on Tuesday, January 4th. Finally, Bank of America raised their price target on shares of salesforce.com from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Tuesday, November 23rd. Seven research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, salesforce.com has a consensus rating of “Buy” and a consensus price target of $324.21.

Several hedge funds have recently added to or reduced their stakes in CRM. Amundi purchased a new position in shares of salesforce.com in the second quarter worth $1,100,891,000. Invesco Ltd. lifted its holdings in shares of salesforce.com by 146.4% in the third quarter. Invesco Ltd. now owns 5,929,783 shares of the CRM provider’s stock worth $1,608,275,000 after buying an additional 3,523,694 shares in the last quarter. Akre Capital Management LLC purchased a new position in shares of salesforce.com in the second quarter worth $683,956,000. Morgan Stanley raised its stake in salesforce.com by 20.2% during the second quarter. Morgan Stanley now owns 16,563,897 shares of the CRM provider’s stock valued at $4,046,065,000 after purchasing an additional 2,787,393 shares in the last quarter. Finally, GQG Partners LLC purchased a new stake in salesforce.com during the third quarter valued at $586,785,000. 76.46% of the stock is currently owned by hedge funds and other institutional investors.

salesforce.com Company Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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