salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $138.90, for a total value of $694,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Monday, December 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.91, for a total transaction of $1,429,100.00.
  • On Thursday, November 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $138.49, for a total transaction of $1,384,900.00.
  • On Monday, November 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $123.97, for a total transaction of $1,239,700.00.
  • On Wednesday, November 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $123.75, for a total transaction of $618,750.00.
  • On Monday, November 19th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $123.87, for a total transaction of $619,350.00.
  • On Thursday, November 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $130.45, for a total transaction of $652,250.00.
  • On Tuesday, November 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $132.13, for a total transaction of $1,321,300.00.
  • On Friday, November 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $137.58, for a total transaction of $687,900.00.
  • On Wednesday, November 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $140.93, for a total transaction of $704,650.00.
  • On Monday, November 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $135.11, for a total transaction of $675,550.00.

NYSE CRM traded down $4.88 during trading on Friday, hitting $137.18. The company’s stock had a trading volume of 2,451,431 shares, compared to its average volume of 7,791,492. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. The company has a market cap of $106.52 billion, a P/E ratio of 304.84, a P/E/G ratio of 4.23 and a beta of 1.42. salesforce.com, inc. has a 52 week low of $101.32 and a 52 week high of $161.19.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The company had revenue of $3.39 billion for the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. salesforce.com’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. Sell-side analysts expect that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

CRM has been the subject of several analyst reports. Zacks Investment Research reissued a “hold” rating on shares of salesforce.com in a research report on Monday, November 12th. KeyCorp lifted their price target on shares of salesforce.com from $147.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. UBS Group raised their price objective on shares of salesforce.com from $168.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Piper Jaffray Companies reiterated a “buy” rating on shares of salesforce.com in a report on Thursday, August 30th. Finally, TheStreet downgraded shares of salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Four research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and a consensus target price of $168.08.

Institutional investors have recently bought and sold shares of the business. Botty Investors LLC acquired a new position in shares of salesforce.com during the third quarter worth about $123,000. Psagot Investment House Ltd. acquired a new position in salesforce.com during the third quarter valued at approximately $134,000. Resources Investment Advisors Inc. raised its stake in salesforce.com by 328.2% in the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock valued at $172,000 after buying an additional 965 shares during the period. United Capital Management of KS Inc. bought a new stake in salesforce.com in the third quarter valued at approximately $193,000. Finally, Nikulski Financial Inc. bought a new stake in salesforce.com in the third quarter valued at approximately $200,000. 82.78% of the stock is currently owned by institutional investors.

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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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