salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $163.24, for a total value of $816,200.00. The transaction 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 Monday, March 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $161.91, for a total value of $1,619,100.00.
  • On Wednesday, March 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $163.28, for a total value of $1,632,800.00.
  • On Friday, March 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.02, for a total value of $805,100.00.
  • On Monday, March 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $161.51, for a total value of $1,615,100.00.
  • On Wednesday, March 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $159.36, for a total value of $1,593,600.00.
  • On Monday, March 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.00, for a total value of $785,000.00.
  • On Friday, March 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.04, for a total value of $1,550,400.00.
  • On Tuesday, March 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.04, for a total value of $1,580,400.00.
  • On Friday, March 1st, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $163.31, for a total value of $2,449,650.00.
  • On Friday, February 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $160.07, for a total value of $1,600,700.00.

Shares of CRM stock opened at $155.12 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a 12-month low of $111.34 and a 12-month high of $166.99. The stock has a market cap of $122.90 billion, a price-to-earnings ratio of 106.98, a PEG ratio of 5.31 and a beta of 1.40.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. Equities research analysts anticipate that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CRM. Bremer Trust National Association lifted its stake in shares of salesforce.com by 0.4% in the 4th quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock valued at $2,455,000 after acquiring an additional 66 shares during the last quarter. Highland Private Wealth Management lifted its stake in shares of salesforce.com by 3.3% in the 4th quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock valued at $291,000 after acquiring an additional 68 shares during the last quarter. Mycio Wealth Partners LLC lifted its stake in shares of salesforce.com by 2.5% in the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after acquiring an additional 70 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of salesforce.com by 1.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,983 shares of the CRM provider’s stock valued at $546,000 after acquiring an additional 72 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of salesforce.com by 11.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 779 shares of the CRM provider’s stock valued at $107,000 after acquiring an additional 77 shares during the last quarter. 82.98% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. Bank of America reiterated a “buy” rating and issued a $200.00 price target (up from $181.00) on shares of salesforce.com in a research report on Wednesday, February 27th. Mizuho began coverage on salesforce.com in a research report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 price target for the company. Deutsche Bank restated a “buy” rating on shares of salesforce.com in a research report on Tuesday, March 5th. BMO Capital Markets restated an “outperform” rating and set a $185.00 target price (up from $175.00) on shares of salesforce.com in a research report on Tuesday, March 5th. Finally, Wedbush boosted their target price on salesforce.com from $174.00 to $192.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and one has given a strong buy rating to the stock. salesforce.com presently has an average rating of “Buy” and an average target price of $177.82.

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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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