salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $155.34, for a total transaction of $776,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, May 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $154.97, for a total transaction of $1,549,700.00.
  • On Wednesday, May 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.55, for a total transaction of $1,555,500.00.
  • On Monday, May 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $154.40, for a total transaction of $772,000.00.
  • On Friday, May 10th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.28, for a total transaction of $786,400.00.
  • On Wednesday, May 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.26, for a total transaction of $1,572,600.00.
  • On Friday, May 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.81, for a total transaction of $814,050.00.
  • On Monday, May 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $162.07, for a total transaction of $1,620,700.00.
  • On Wednesday, May 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $164.58, for a total transaction of $1,645,800.00.
  • On Monday, April 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $165.52, for a total transaction of $1,655,200.00.
  • On Thursday, April 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $161.58, for a total transaction of $1,615,800.00.

Shares of NYSE:CRM opened at $155.98 on Tuesday. The company has a market capitalization of $119.14 billion, a P/E ratio of 107.57, a PEG ratio of 5.70 and a beta of 1.37. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter last year, the company earned $0.35 earnings per share. As a group, analysts predict that salesforce.com, inc. will post 1.18 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc raised its holdings in salesforce.com by 4.6% during 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 in the last quarter. PFG Advisors acquired a new stake in salesforce.com during the fourth quarter worth approximately $457,000. Livingston Group Asset Management CO operating as Southport Capital Management raised its holdings in salesforce.com by 1.6% during the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,097 shares of the CRM provider’s stock worth $1,383,000 after purchasing an additional 159 shares in the last quarter. Bridge Creek Capital Management LLC acquired a new stake in salesforce.com during the fourth quarter worth approximately $232,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in salesforce.com during the fourth quarter worth approximately $54,000. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. Bank of America reaffirmed a “buy” rating and set a $200.00 target price (up previously from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Mizuho started coverage on shares of salesforce.com in a research note on Wednesday, March 13th. They issued a “buy” rating and a $185.00 price objective for the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 price objective on shares of salesforce.com in a research note on Wednesday, April 17th. Macquarie raised their price objective on shares of salesforce.com from $174.00 to $188.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Wells Fargo & Co raised their price objective on shares of salesforce.com from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target 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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