salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $139.91, for a total transaction of $1,399,100.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, March 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $140.53, for a total transaction of $1,405,300.00.
  • On Wednesday, March 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $126.00, for a total transaction of $1,260,000.00.
  • On Monday, March 16th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $131.93, for a total transaction of $1,319,300.00.
  • On Thursday, March 12th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $144.45, for a total transaction of $1,444,500.00.
  • On Friday, March 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $163.10, for a total transaction of $1,631,000.00.
  • On Monday, March 9th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $153.54, for a total transaction of $1,535,400.00.
  • On Wednesday, March 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $172.47, for a total transaction of $1,724,700.00.
  • On Monday, March 2nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $172.91, for a total transaction of $1,729,100.00.
  • On Friday, February 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $167.33, for a total transaction of $1,673,300.00.
  • On Wednesday, February 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $178.73, for a total transaction of $1,787,300.00.

CRM stock opened at $147.06 on Thursday. The firm has a 50 day moving average of $169.75 and a 200 day moving average of $163.37. The stock has a market capitalization of $125.77 billion, a PE ratio of 735.34, a price-to-earnings-growth ratio of 5.97 and a beta of 1.07. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a 52 week low of $115.29 and a 52 week high of $195.72.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, February 25th. The CRM provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.10. The company had revenue of $4.85 billion during the quarter, compared to analysts’ expectations of $4.75 billion. salesforce.com had a net margin of 0.74% and a return on equity of 3.61%. During the same period last year, the business earned $0.70 EPS. On average, equities research analysts expect that salesforce.com, inc. will post 1.28 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in CRM. Ilmarinen Mutual Pension Insurance Co acquired a new stake in salesforce.com in the 3rd quarter worth approximately $14,844,000. Psagot Investment House Ltd. raised its position in salesforce.com by 40.9% during the 3rd quarter. Psagot Investment House Ltd. now owns 1,057 shares of the CRM provider’s stock worth $157,000 after buying an additional 307 shares during the last quarter. Colony Group LLC raised its position in salesforce.com by 5.0% during the 3rd quarter. Colony Group LLC now owns 9,343 shares of the CRM provider’s stock worth $1,387,000 after buying an additional 444 shares during the last quarter. Voya Investment Management LLC raised its position in salesforce.com by 15.6% during the 3rd quarter. Voya Investment Management LLC now owns 1,987,662 shares of the CRM provider’s stock worth $295,048,000 after buying an additional 268,790 shares during the last quarter. Finally, Voya Financial Advisors Inc. raised its position in salesforce.com by 20.6% during the 3rd quarter. Voya Financial Advisors Inc. now owns 16,950 shares of the CRM provider’s stock worth $2,513,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 82.25% of the company’s stock.

Several brokerages have issued reports on CRM. Northland Securities reiterated a “buy” rating and set a $185.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. Barclays reiterated a “buy” rating and set a $186.00 target price on shares of salesforce.com in a report on Tuesday, March 17th. Roth Capital increased their target price on shares of salesforce.com from to in a report on Wednesday, February 26th. Mizuho increased their target price on shares of salesforce.com from $195.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and set a $180.00 target price on shares of salesforce.com in a report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, forty have assigned a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $200.71.

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

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