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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction on Monday, July 8th. The stock was sold at an average price of $153.26, for a total transaction of $1,532,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, July 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $153.85, for a total value of $769,250.00.
  • On Wednesday, July 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $154.94, for a total value of $774,700.00.
  • On Monday, July 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.87, for a total value of $1,518,700.00.
  • On Thursday, June 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $149.73, for a total value of $1,497,300.00.
  • On Friday, June 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.05, for a total value of $785,250.00.
  • On Monday, June 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.44, for a total value of $1,554,400.00.
  • On Wednesday, June 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.83, for a total value of $1,518,300.00.
  • On Monday, June 17th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $150.49, for a total value of $1,504,900.00.
  • On Thursday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.14, for a total value of $1,511,400.00.
  • On Monday, June 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.75, for a total value of $1,577,500.00.

CRM stock opened at $156.27 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a market cap of $119.95 billion, a price-to-earnings ratio of 107.77, a PEG ratio of 5.72 and a beta of 1.29. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The firm’s 50-day moving average is $153.58.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.32. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. As a group, sell-side analysts expect that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of CRM. Avondale Wealth Management grew its holdings in shares of salesforce.com by 100.0% during the first quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Citizens Financial Group Inc RI purchased a new position in shares of salesforce.com during the first quarter worth about $27,000. Arcadia Investment Management Corp MI grew its holdings in shares of salesforce.com by 63.0% during the first quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 68 shares in the last quarter. CX Institutional grew its holdings in shares of salesforce.com by 426.5% during the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Finally, Brand Asset Management Group Inc. purchased a new position in shares of salesforce.com during the first quarter worth about $30,000. 81.53% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the company. Mizuho assumed coverage on LogMeIn in a research note on Wednesday, March 13th. They set a “neutral” rating and a $88.00 target price on the stock. Monness Crespi & Hardt reiterated a “buy” rating and set a $200.00 target price (up from $195.00) on shares of salesforce.com in a research note on Wednesday, June 5th. JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research note on Monday, June 3rd. Barclays reiterated a “hold” rating on shares of Bank of Montreal in a research note on Tuesday, June 11th. Finally, Nomura lowered their price objective on Capri from $76.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus target price of $179.97.

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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