Marc Benioff Sells 15,000 Shares of salesforce.com, inc. (NYSE:CRM) Stock

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salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $246.88, for a total value of $3,703,200.00. Following the completion of the sale, the chief executive officer now directly owns 29,483,800 shares of the company’s stock, valued at approximately $7,278,960,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Thursday, September 10th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $251.90, for a total value of $3,778,500.00.
  • On Tuesday, September 8th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $246.87, for a total value of $3,703,050.00.
  • On Friday, September 4th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $252.51, for a total value of $3,787,650.00.
  • On Wednesday, September 2nd, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $274.62, for a total value of $4,119,300.00.
  • On Friday, August 28th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $270.64, for a total value of $4,059,600.00.
  • On Monday, August 31st, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $270.09, for a total value of $4,051,350.00.
  • On Wednesday, August 26th, Marc Benioff sold 1,598 shares of salesforce.com stock. The shares were sold at an average price of $273.61, for a total value of $437,228.78.
  • On Friday, August 21st, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $207.73, for a total value of $3,115,950.00.
  • On Monday, August 24th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $207.41, for a total value of $3,111,150.00.
  • On Wednesday, August 19th, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $204.69, for a total value of $3,070,350.00.

CRM stock opened at $251.68 on Wednesday. The company has a 50 day moving average price of $223.52 and a 200 day moving average price of $182.77. The stock has a market capitalization of $224.44 billion, a PE ratio of 98.31, a price-to-earnings-growth ratio of 7.19 and a beta of 1.24. salesforce.com, inc. has a fifty-two week low of $115.29 and a fifty-two week high of $284.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 25th. The CRM provider reported $1.44 EPS for the quarter, beating the consensus estimate of $0.67 by $0.77. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.90 billion. salesforce.com had a net margin of 12.21% and a return on equity of 3.99%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, equities analysts expect that salesforce.com, inc. will post 1.91 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in CRM. Demars Financial Group LLC acquired a new position in shares of salesforce.com in the 2nd quarter valued at $30,000. Investors Research Corp grew its holdings in shares of salesforce.com by 58.5% in the 2nd quarter. Investors Research Corp now owns 271 shares of the CRM provider’s stock valued at $51,000 after buying an additional 100 shares during the period. JJJ Advisors Inc. grew its holdings in shares of salesforce.com by 46.5% in the 2nd quarter. JJJ Advisors Inc. now owns 293 shares of the CRM provider’s stock valued at $55,000 after buying an additional 93 shares during the period. Estate Counselors LLC acquired a new position in shares of salesforce.com in the 2nd quarter valued at $57,000. Finally, Keebeck Wealth Management LLC acquired a new position in shares of salesforce.com in the 2nd quarter valued at $60,000. 81.40% of the stock is owned by institutional investors.

CRM has been the subject of several research reports. Oppenheimer raised their price objective on salesforce.com from $205.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Barclays raised their price objective on salesforce.com from $190.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. set a $250.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Cfra raised their price objective on salesforce.com from $222.00 to $225.00 and gave the stock a “strong-buy” rating in a research note on Monday, June 1st. Finally, Royal Bank of Canada raised their price objective on salesforce.com from $220.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-three have assigned a buy rating and three have assigned a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and an average target price of $243.60.

About salesforce.com

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

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