salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $155.46, for a total transaction of $1,554,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Friday, March 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $163.24, for a total transaction of $816,200.00.
  • On Monday, March 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $161.91, for a total transaction of $1,619,100.00.
  • On Wednesday, March 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $163.28, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $2,449,650.00.

CRM traded up $0.06 during trading on Thursday, hitting $155.18. The stock had a trading volume of 4,369,084 shares, compared to its average volume of 5,744,370. The company has a market capitalization of $122.90 billion, a PE ratio of 107.02, a price-to-earnings-growth ratio of 5.31 and a beta of 1.40. salesforce.com, inc. has a 12 month low of $112.52 and a 12 month high of $166.99. 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 (NYSE:CRM) last posted its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. Analysts anticipate that salesforce.com, inc. will post 1.31 earnings per share for the current year.

A number of equities research analysts have issued reports on CRM shares. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $166.00 price objective on shares of salesforce.com in a research note on Monday, January 7th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a research note on Monday, March 4th. Pivotal Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $164.00 in a research note on Monday, January 7th. Finally, Stephens started coverage on shares of salesforce.com in a research note on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price objective for the company. Three analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $177.82.

Large investors have recently bought and sold shares of the company. Piedmont Investment Advisors Inc. increased its holdings in shares of salesforce.com by 5.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after purchasing an additional 5,063 shares during the period. Redpoint Investment Management Pty Ltd increased its stake in salesforce.com by 10.7% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock valued at $7,622,000 after acquiring an additional 5,398 shares during the period. Putnam FL Investment Management Co. increased its stake in salesforce.com by 0.5% in the fourth quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock valued at $2,930,000 after acquiring an additional 97 shares during the period. Tirschwell & Loewy Inc. bought a new stake in salesforce.com in the fourth quarter valued at about $10,285,000. Finally, Park Avenue Securities LLC increased its stake in salesforce.com by 40.9% in the fourth quarter. Park Avenue Securities LLC now owns 3,050 shares of the CRM provider’s stock valued at $450,000 after acquiring an additional 885 shares during the period. Institutional investors own 82.98% of the company’s stock.

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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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