salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff Sells 20,000 Shares

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $253.59, for a total value of $5,071,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Thursday, September 9th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $261.85, for a total value of $5,237,000.00.
  • On Tuesday, September 7th, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $265.43, for a total value of $5,308,600.00.
  • On Friday, September 3rd, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $265.34, for a total value of $5,306,800.00.
  • On Wednesday, September 1st, Marc Benioff sold 20,000 shares of salesforce.com stock. The shares were sold at an average price of $269.36, for a total value of $5,387,200.00.
  • On Monday, August 30th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $265.86, for a total value of $5,317,200.00.
  • On Friday, August 27th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $267.44, for a total value of $5,348,800.00.
  • On Tuesday, August 24th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $260.77, for a total value of $5,215,400.00.
  • On Friday, August 20th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $256.02, for a total value of $5,120,400.00.
  • On Wednesday, August 18th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $252.94, for a total value of $5,058,800.00.
  • On Monday, August 16th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $247.73, for a total value of $4,954,600.00.

salesforce.com stock opened at $254.37 on Wednesday. The stock’s 50-day moving average is $251.35 and its 200-day moving average is $235.19. The company has a market cap of $249.03 billion, a price-to-earnings ratio of 102.16, a price-to-earnings-growth ratio of 7.35 and a beta of 1.09. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. salesforce.com, inc. has a 12 month low of $201.51 and a 12 month high of $275.22.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, August 24th. The CRM provider reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.56. The company had revenue of $6.34 billion for the quarter, compared to the consensus estimate of $6.25 billion. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the business posted $1.44 EPS. Research analysts anticipate that salesforce.com, inc. will post 2.09 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in CRM. MBM Wealth Consultants LLC acquired a new stake in shares of salesforce.com in the first quarter valued at about $25,000. Atlas Private Wealth Advisors grew its stake in shares of salesforce.com by 115.3% in the second quarter. Atlas Private Wealth Advisors now owns 127 shares of the CRM provider’s stock valued at $31,000 after buying an additional 68 shares in the last quarter. Sage Financial Management Group Inc. acquired a new stake in shares of salesforce.com in the first quarter valued at about $32,000. First PREMIER Bank acquired a new stake in shares of salesforce.com in the second quarter valued at about $32,000. Finally, Providence Capital Advisors LLC grew its stake in shares of salesforce.com by 87.2% in the first quarter. Providence Capital Advisors LLC now owns 161 shares of the CRM provider’s stock valued at $34,000 after buying an additional 75 shares in the last quarter. Institutional investors own 77.33% of the company’s stock.

A number of brokerages recently weighed in on CRM. Nord/LB set a $275.00 price objective on salesforce.com in a report on Tuesday. The Goldman Sachs Group set a $350.00 price objective on salesforce.com in a report on Wednesday, September 1st. Credit Suisse Group set a $290.00 target price on salesforce.com in a report on Wednesday, September 1st. Royal Bank of Canada set a $310.00 target price on salesforce.com in a report on Wednesday, September 1st. Finally, Sanford C. Bernstein upped their target price on salesforce.com from $266.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, August 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $298.33.

About salesforce.com

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

Further Reading: How to Trade Using Analysts Ratings

Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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