Insider Selling: salesforce.com, inc. (CRM) Chairman Sells 10,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $160.07, for a total value of $1,600,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Friday, February 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.31, for a total value of $1,593,100.00.
  • On Wednesday, February 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $161.84, for a total value of $809,200.00.
  • On Monday, February 11th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.54, for a total value of $1,575,400.00.
  • On Thursday, February 7th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $157.10, for a total value of $2,356,500.00.
  • On Monday, February 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.84, for a total value of $1,558,400.00.
  • On Thursday, January 31st, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $148.46, for a total value of $2,226,900.00.
  • On Monday, January 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $148.21, for a total value of $1,482,100.00.
  • On Thursday, January 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $148.56, for a total value of $1,485,600.00.
  • On Tuesday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.47, for a total value of $747,350.00.
  • On Friday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $152.15, for a total value of $760,750.00.

salesforce.com stock opened at $159.63 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $121.28 billion, a price-to-earnings ratio of 123.86, a PEG ratio of 5.14 and a beta of 1.37. salesforce.com, inc. has a 12 month low of $111.34 and a 12 month high of $163.57.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period last year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 25.6% on a year-over-year basis. On average, research analysts anticipate that salesforce.com, inc. will post 1.32 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. HighPoint Advisor Group LLC raised its position in shares of salesforce.com by 15.4% during the fourth quarter. HighPoint Advisor Group LLC now owns 3,770 shares of the CRM provider’s stock worth $605,000 after acquiring an additional 503 shares during the last quarter. Surevest Inc. bought a new position in shares of salesforce.com during the fourth quarter worth about $1,558,000. Nordea Investment Management AB raised its position in shares of salesforce.com by 3.4% during the fourth quarter. Nordea Investment Management AB now owns 259,606 shares of the CRM provider’s stock worth $35,555,000 after acquiring an additional 8,527 shares during the last quarter. PFG Advisors bought a new position in shares of salesforce.com during the fourth quarter worth about $481,000. Finally, Executive Wealth Management LLC acquired a new stake in salesforce.com during the fourth quarter worth approximately $630,000. Institutional investors own 83.17% of the company’s stock.

CRM has been the topic of several analyst reports. TheStreet lowered salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. ValuEngine raised salesforce.com from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $182.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Zacks Investment Research reaffirmed a “hold” rating on shares of salesforce.com in a research note on Monday, November 12th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $160.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Three investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company. salesforce.com has a consensus rating of “Buy” and an average target price of $170.38.

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

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