Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $151.79, for a total transaction of $758,950.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Friday, September 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.38, for a total transaction of $746,900.00.
  • On Wednesday, September 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $151.34, for a total transaction of $756,700.00.
  • On Monday, September 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $154.18, for a total transaction of $770,900.00.
  • On Friday, September 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $155.04, for a total transaction of $775,200.00.
  • On Monday, September 16th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.06, for a total transaction of $765,300.00.
  • On Friday, September 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.76, for a total transaction of $768,800.00.
  • On Wednesday, September 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.05, for a total transaction of $765,250.00.
  • On Monday, September 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $149.31, for a total transaction of $746,550.00.
  • On Thursday, September 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.25, for a total transaction of $766,250.00.
  • On Tuesday, September 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $154.46, for a total transaction of $1,544,600.00.

Shares of NYSE CRM opened at $148.26 on Friday. The firm’s 50-day moving average price is $150.18 and its 200-day moving average price is $155.08. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The company has a market cap of $134.17 billion, a PE ratio of 102.25, a PEG ratio of 5.84 and a beta of 1.24. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $167.56.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts anticipate that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $184.00 price target (down previously from $192.00) on shares of salesforce.com in a research report on Tuesday, August 20th. KeyCorp set a $180.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Thursday, August 22nd. Macquarie upped their target price on shares of salesforce.com from $184.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. TheStreet lowered shares of salesforce.com from a “b” rating to a “c” rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets upped their price objective on shares of salesforce.com from $185.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and an average price target of $184.03.

A number of large investors have recently modified their holdings of CRM. FMR LLC raised its position in shares of salesforce.com by 0.8% during the first quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock valued at $14,208,366,000 after buying an additional 698,321 shares during the last quarter. Vanguard Group Inc. raised its position in shares of salesforce.com by 2.6% during the second quarter. Vanguard Group Inc. now owns 58,771,856 shares of the CRM provider’s stock valued at $8,917,454,000 after buying an additional 1,491,307 shares during the last quarter. BlackRock Inc. raised its position in shares of salesforce.com by 4.7% during the second quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock valued at $8,521,967,000 after buying an additional 2,499,996 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of salesforce.com by 13.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock valued at $5,145,296,000 after buying an additional 4,046,077 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of salesforce.com by 8.4% during the second quarter. Jennison Associates LLC now owns 21,575,462 shares of the CRM provider’s stock valued at $3,273,645,000 after buying an additional 1,673,392 shares during the last quarter. 73.65% of the stock is currently owned by institutional investors and hedge funds.

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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