salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $160.52, for a total transaction of $802,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, December 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $156.00, for a total transaction of $780,000.00.
  • On Monday, December 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.72, for a total transaction of $788,600.00.
  • On Thursday, December 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.01, for a total transaction of $1,580,100.00.
  • On Monday, December 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $160.50, for a total transaction of $802,500.00.
  • On Friday, November 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.65, for a total transaction of $813,250.00.
  • On Wednesday, November 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.75, for a total transaction of $808,750.00.
  • On Monday, November 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.32, for a total transaction of $811,600.00.
  • On Friday, November 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.62, for a total transaction of $813,100.00.
  • On Wednesday, November 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $164.45, for a total transaction of $822,250.00.
  • On Monday, November 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.88, for a total transaction of $814,400.00.

NYSE:CRM opened at $161.96 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $142.92 billion, a P/E ratio of 111.70, a PEG ratio of 6.73 and a beta of 1.24. The company has a 50 day moving average price of $160.24 and a 200 day moving average price of $153.62. salesforce.com, inc. has a fifty-two week low of $120.16 and a fifty-two week high of $167.56.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.09. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS. Research analysts forecast that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Janus Henderson Group PLC boosted its position in salesforce.com by 12.9% in the 2nd quarter. Janus Henderson Group PLC now owns 13,247,900 shares of the CRM provider’s stock valued at $2,009,810,000 after buying an additional 1,516,132 shares during the period. CWM LLC boosted its position in salesforce.com by 58.0% in the 2nd quarter. CWM LLC now owns 3,694 shares of the CRM provider’s stock valued at $560,000 after buying an additional 1,356 shares during the period. TimesSquare Capital Management LLC purchased a new position in salesforce.com in the 2nd quarter valued at approximately $6,766,000. Cottage Street Advisors LLC purchased a new position in salesforce.com in the 2nd quarter valued at approximately $853,000. Finally, Oakworth Capital Inc. boosted its position in salesforce.com by 44.5% in the 2nd quarter. Oakworth Capital Inc. now owns 675 shares of the CRM provider’s stock valued at $103,000 after buying an additional 208 shares during the period. 80.42% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have commented on CRM. Morgan Stanley increased their price objective on shares of salesforce.com from $180.00 to $197.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Cowen restated a “buy” rating and set a $195.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Royal Bank of Canada raised their price target on shares of salesforce.com from $181.00 to $200.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. They noted that the move was a valuation call. Stifel Nicolaus raised their price target on shares of salesforce.com from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of salesforce.com in a report on Wednesday, December 4th. Five 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $189.68.

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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