salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $126.48, for a total value of $632,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

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  • On Wednesday, March 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $122.36, for a total value of $611,800.00.
  • On Monday, March 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $125.63, for a total value of $1,256,300.00.
  • On Wednesday, March 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $127.67, for a total value of $638,350.00.
  • On Friday, March 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $127.01, for a total value of $635,050.00.
  • On Monday, March 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $127.18, for a total value of $1,271,800.00.
  • On Wednesday, March 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $125.03, for a total value of $625,150.00.
  • On Monday, March 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $121.63, for a total value of $608,150.00.
  • On Friday, March 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $120.20, for a total value of $601,000.00.
  • On Wednesday, February 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $117.13, for a total value of $585,650.00.
  • On Monday, February 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $116.23, for a total value of $581,150.00.

Shares of salesforce.com stock opened at $121.70 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92. salesforce.com, inc. has a 52 week low of $80.50 and a 52 week high of $128.87. The company has a market capitalization of $90,374.19, a price-to-earnings ratio of 715.92, a price-to-earnings-growth ratio of 5.76 and a beta of 1.25.

salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.34 by $0.01. salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 24.3% compared to the same quarter last year. equities research analysts anticipate that salesforce.com, inc. will post 0.9 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its stake in salesforce.com by 5.3% during the 3rd quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after purchasing an additional 675,471 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in salesforce.com by 7.0% during the 4th quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock valued at $1,008,573,000 after purchasing an additional 645,099 shares during the last quarter. Brown Advisory Inc. boosted its stake in salesforce.com by 2.4% during the 4th quarter. Brown Advisory Inc. now owns 4,756,094 shares of the CRM provider’s stock valued at $486,216,000 after purchasing an additional 112,839 shares during the last quarter. Tybourne Capital Management HK Ltd. boosted its stake in salesforce.com by 27.8% during the 4th quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after purchasing an additional 945,000 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its stake in salesforce.com by 2.1% during the 4th quarter. Fred Alger Management Inc. now owns 3,683,014 shares of the CRM provider’s stock valued at $376,515,000 after purchasing an additional 76,255 shares during the last quarter. Institutional investors and hedge funds own 86.63% of the company’s stock.

A number of equities research analysts have recently weighed in on CRM shares. TheStreet raised salesforce.com from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Raymond James Financial reissued a “buy” rating and issued a $125.00 target price on shares of salesforce.com in a research note on Wednesday, November 22nd. Oppenheimer reissued a “buy” rating and issued a $125.00 target price (up previously from $100.00) on shares of salesforce.com in a research note on Wednesday, November 22nd. Deutsche Bank reissued a “buy” rating and issued a $120.00 target price on shares of salesforce.com in a research note on Wednesday, November 22nd. Finally, Citigroup reissued a “buy” rating and issued a $124.00 target price on shares of salesforce.com in a research note on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and forty-four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.91.

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About salesforce.com

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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