salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $176.19, for a total value of $1,761,900.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, May 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $174.39, for a total value of $1,743,900.00.
  • On Thursday, May 14th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $166.29, for a total value of $1,662,900.00.
  • On Friday, May 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $174.14, for a total value of $1,741,400.00.
  • On Monday, May 11th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $179.98, for a total value of $1,799,800.00.
  • On Wednesday, May 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $164.32, for a total value of $1,643,200.00.
  • On Monday, May 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $159.89, for a total value of $1,598,900.00.
  • On Friday, May 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $156.69, for a total value of $1,566,900.00.
  • On Wednesday, April 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $160.37, for a total value of $1,603,700.00.
  • On Monday, April 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.30, for a total value of $1,573,000.00.
  • On Friday, April 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $152.77, for a total value of $1,527,700.00.

NYSE:CRM opened at $177.85 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market capitalization of $157.54 billion, a P/E ratio of 889.29, a PEG ratio of 8.07 and a beta of 1.07. The company has a 50 day moving average price of $159.26 and a 200 day moving average price of $165.63. salesforce.com, inc. has a fifty-two week low of $115.29 and a fifty-two week high of $195.72.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.10. The firm 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 quarter last year, the company posted $0.70 EPS. Research analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. raised its holdings in shares of salesforce.com by 21.0% in the 4th quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock valued at $53,000 after purchasing an additional 57 shares in the last quarter. Blackhawk Capital Partners LLC. raised its holdings in shares of salesforce.com by 0.4% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 14,747 shares of the CRM provider’s stock valued at $2,189,000 after purchasing an additional 58 shares in the last quarter. Shepherd Financial Partners LLC raised its holdings in shares of salesforce.com by 0.8% in the 1st quarter. Shepherd Financial Partners LLC now owns 7,907 shares of the CRM provider’s stock valued at $1,136,000 after purchasing an additional 59 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of salesforce.com by 17.0% in the 4th quarter. Earnest Partners LLC now owns 419 shares of the CRM provider’s stock valued at $68,000 after purchasing an additional 61 shares in the last quarter. Finally, Buckingham Asset Management LLC raised its holdings in shares of salesforce.com by 1.4% in the 1st quarter. Buckingham Asset Management LLC now owns 4,667 shares of the CRM provider’s stock valued at $672,000 after purchasing an additional 63 shares in the last quarter. Institutional investors own 81.92% of the company’s stock.

CRM has been the subject of a number of research analyst reports. Sanford C. Bernstein restated a “neutral” rating and set a $180.00 price objective on shares of salesforce.com in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their price objective on shares of salesforce.com from $230.00 to $210.00 and set an “outperform” rating for the company in a research note on Monday, May 18th. Canaccord Genuity raised their price objective on shares of salesforce.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. BMO Capital Markets raised their price objective on shares of salesforce.com to $220.00 and gave the stock an “outperform” rating in a research note on Friday, February 21st. Finally, Goldman Sachs Group set a $178.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $198.69.

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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