salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff Sells 10,000 Shares

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction on Monday, June 10th. The shares were sold at an average price of $157.75, for a total transaction of $1,577,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, June 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $157.57, for a total transaction of $1,575,700.00.
  • On Monday, June 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $149.88, for a total transaction of $1,498,800.00.
  • On Thursday, May 30th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.21, for a total transaction of $776,050.00.
  • On Tuesday, May 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $156.07, for a total transaction of $780,350.00.
  • On Friday, May 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.03, for a total transaction of $775,150.00.
  • On Wednesday, May 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $156.73, for a total transaction of $1,567,300.00.
  • On Friday, May 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.34, for a total transaction of $776,700.00.
  • On Monday, May 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $154.97, for a total transaction of $1,549,700.00.
  • On Wednesday, May 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.55, for a total transaction of $1,555,500.00.
  • On Monday, May 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $154.40, for a total transaction of $772,000.00.

NYSE:CRM traded down $8.48 during mid-day trading on Monday, hitting $152.79. 29,589,176 shares of the company’s stock were exchanged, compared to its average volume of 5,512,688. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $125.15 billion, a P/E ratio of 105.37, a PEG ratio of 5.13 and a beta of 1.38.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.32. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. On average, equities research analysts expect that salesforce.com, inc. will post 1.45 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flinton Capital Management LLC increased its holdings in salesforce.com by 17.5% during the fourth quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock valued at $10,006,000 after buying an additional 10,864 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of salesforce.com by 5.7% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after acquiring an additional 5,063 shares during the last quarter. Heritage Investors Management Corp boosted its position in shares of salesforce.com by 10.0% during the first quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock worth $5,452,000 after acquiring an additional 3,143 shares during the last quarter. Putnam FL Investment Management Co. boosted its position in shares of salesforce.com by 0.5% during the fourth quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock worth $2,930,000 after acquiring an additional 97 shares during the last quarter. Finally, Redpoint Investment Management Pty Ltd boosted its position in shares of salesforce.com by 10.7% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock worth $7,622,000 after acquiring an additional 5,398 shares during the last quarter. 82.14% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on CRM shares. Macquarie lifted their target price on shares of salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Robert W. Baird boosted their price target on shares of salesforce.com from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. OTR Global cut salesforce.com to a “positive” rating in a report on Wednesday, May 15th. Finally, Raymond James upped their price target on salesforce.com from $165.00 to $200.00 and gave the company a “strong-buy” rating in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $179.81.

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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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