salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $142.17, for a total value of $1,421,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, August 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.49, for a total value of $1,424,900.00.
  • On Monday, August 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $144.57, for a total value of $1,445,700.00.
  • On Thursday, August 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.60, for a total value of $1,556,000.00.
  • On Monday, July 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.53, for a total value of $1,585,300.00.
  • On Thursday, July 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $158.90, for a total value of $1,589,000.00.
  • On Monday, July 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.96, for a total value of $789,800.00.
  • On Friday, July 19th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.39, for a total value of $791,950.00.
  • On Wednesday, July 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.94, for a total value of $794,700.00.
  • On Monday, July 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.89, for a total value of $794,450.00.
  • On Thursday, July 11th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.01, for a total value of $1,570,100.00.

Shares of CRM traded down $2.64 during trading hours on Monday, reaching $140.73. The stock had a trading volume of 3,347,421 shares, compared to its average volume of 7,384,053. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56. The company’s 50-day moving average is $153.07. The company has a market cap of $111.60 billion, a P/E ratio of 97.06, a P/E/G ratio of 5.28 and a beta of 1.27.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.32. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. Equities analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current year.

A number of research firms recently commented on CRM. Bank of America restated a “buy” rating and set a $200.00 price target on shares of salesforce.com in a research report on Wednesday, June 5th. Credit Suisse Group restated an “outperform” rating on shares of salesforce.com in a research report on Thursday, June 6th. Monness Crespi & Hardt restated a “buy” rating and set a $200.00 price target (up from $195.00) on shares of salesforce.com in a research report on Wednesday, June 5th. SunTrust Banks increased their price target on salesforce.com to $189.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of salesforce.com in a report on Friday. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $179.73.

A number of hedge funds have recently added to or reduced their stakes in CRM. FMR LLC increased its stake in salesforce.com by 0.8% in the first quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock valued at $14,208,366,000 after acquiring an additional 698,321 shares during the last quarter. BlackRock Inc. increased its stake in salesforce.com by 4.7% in the first quarter. BlackRock Inc. now owns 53,665,349 shares of the CRM provider’s stock valued at $8,498,982,000 after acquiring an additional 2,395,193 shares during the last quarter. Jennison Associates LLC increased its stake in salesforce.com by 8.4% in 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 acquiring an additional 1,673,392 shares during the last quarter. Janus Henderson Group PLC increased its stake in salesforce.com by 12.9% in the second quarter. Janus Henderson Group PLC now owns 13,247,900 shares of the CRM provider’s stock valued at $2,009,810,000 after acquiring an additional 1,516,132 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of salesforce.com by 1.3% during the first quarter. Northern Trust Corp now owns 10,683,259 shares of the CRM provider’s stock worth $1,691,907,000 after buying an additional 140,368 shares during the last quarter. Hedge funds and other institutional investors own 81.64% of the company’s stock.

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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