salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $159.01, for a total transaction of $1,590,100.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Thursday, April 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.74, for a total transaction of $1,557,400.00.
  • On Monday, April 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $160.48, for a total transaction of $802,400.00.
  • On Friday, April 12th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $160.76, for a total transaction of $803,800.00.
  • On Wednesday, April 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.49, for a total transaction of $1,584,900.00.
  • On Monday, April 8th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.07, for a total transaction of $790,350.00.
  • On Friday, April 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.97, for a total transaction of $794,850.00.
  • On Wednesday, April 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $161.20, for a total transaction of $1,612,000.00.
  • On Monday, April 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $159.12, for a total transaction of $1,591,200.00.
  • On Thursday, March 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.46, for a total transaction of $1,554,600.00.
  • 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.

Shares of salesforce.com stock opened at $161.23 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $166.99. The firm has a market capitalization of $122.49 billion, a P/E ratio of 111.19, a price-to-earnings-growth ratio of 5.68 and a beta of 1.39.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share 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 analysts’ expectations of $3.56 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. As a group, sell-side analysts predict that salesforce.com, inc. will post 1.2 earnings per share for the current fiscal year.

Several research analysts have commented on CRM shares. TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Nomura set a $184.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Tuesday, March 5th. Societe Generale set a $186.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Tuesday, March 5th. SunTrust Banks boosted their target price on shares of salesforce.com to $183.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $175.00 target price on shares of salesforce.com in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $177.82.

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc grew its stake in shares of salesforce.com by 4.6% in the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. BlackRock Inc. boosted its position in salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after acquiring an additional 4,321,630 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in salesforce.com by 29,364.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after acquiring an additional 21,642,889 shares during the last quarter. Jennison Associates LLC boosted its position in salesforce.com by 18.3% during the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after acquiring an additional 3,041,293 shares during the last quarter. Finally, Morgan Stanley boosted its position in salesforce.com by 2.0% during the third quarter. Morgan Stanley now owns 14,792,319 shares of the CRM provider’s stock valued at $2,352,421,000 after acquiring an additional 296,317 shares during the last quarter. 83.02% 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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