salesforce.com, inc. (NYSE:CRM) CEO Sells $765,250.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $153.05, for a total value of $765,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, September 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.31, for a total value of $746,550.00.
  • On Thursday, September 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $153.25, for a total value of $766,250.00.
  • On Tuesday, September 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $154.46, for a total value of $1,544,600.00.
  • On Wednesday, August 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $152.90, for a total value of $1,529,000.00.
  • On Monday, August 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $154.07, for a total value of $1,540,700.00.
  • On Thursday, August 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $147.47, for a total value of $1,474,700.00.
  • On Monday, August 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $143.99, for a total value of $1,439,900.00.
  • On Thursday, August 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $140.98, for a total value of $1,409,800.00.
  • On Monday, August 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $142.17, for a total value of $1,421,700.00.
  • On Thursday, August 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $142.49, for a total value of $1,424,900.00.

Shares of salesforce.com stock traded up $0.66 during midday trading on Thursday, hitting $154.75. The company had a trading volume of 4,656,224 shares, compared to its average volume of 6,075,901. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $131.15 billion, a P/E ratio of 106.72, a P/E/G ratio of 5.51 and a beta of 1.24. The company has a 50 day moving average of $150.03 and a 200 day moving average of $155.64. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $167.56.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.57. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 EPS. Equities research analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current year.

Institutional investors have recently bought and sold shares of the stock. Massey Quick Simon & CO. LLC purchased a new stake in shares of salesforce.com in the 2nd quarter worth approximately $26,000. Citizens Financial Group Inc RI purchased a new stake in shares of salesforce.com in the 1st quarter worth approximately $27,000. Personal Wealth Partners purchased a new stake in shares of salesforce.com in the 2nd quarter worth approximately $28,000. Avestar Capital LLC boosted its stake in salesforce.com by 108.7% during the 1st quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 100 shares during the last quarter. Finally, Harvest Group Wealth Management LLC purchased a new stake in salesforce.com during the 1st quarter valued at $32,000. Institutional investors own 73.81% of the company’s stock.

A number of research firms have recently issued reports on CRM. Barclays upped their price objective on salesforce.com from $182.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, August 23rd. OTR Global upgraded salesforce.com to a “positive” rating in a report on Thursday, August 15th. Nomura increased their target price on salesforce.com from $180.00 to $185.00 and gave the company a “buy” rating in a report on Friday, August 23rd. SunTrust Banks set a $189.00 target price on salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 21st. Finally, JMP Securities increased their target price on salesforce.com from $178.00 to $191.00 and gave the company a “market outperform” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $183.82.

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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