Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 20,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $253.59, for a total value of $5,071,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were 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 stock was 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 stock was 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $247.73, for a total value of $4,954,600.00.

Shares of CRM traded up $0.26 during trading hours on Tuesday, hitting $254.37. The stock had a trading volume of 4,096,031 shares, compared to its average volume of 6,409,822. The company’s fifty day simple moving average is $251.35 and its 200 day simple moving average is $235.19. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. salesforce.com, inc. has a 12-month low of $201.51 and a 12-month high of $275.22. The firm has a market cap of $249.03 billion, a P/E ratio of 102.16, a P/E/G ratio of 7.35 and a beta of 1.09.

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

Large investors have recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC purchased a new position in salesforce.com in the first quarter valued at about $25,000. Atlas Private Wealth Advisors raised its position in 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 purchasing an additional 68 shares during the period. Sage Financial Management Group Inc. purchased a new position in salesforce.com in the first quarter valued at about $32,000. First PREMIER Bank purchased a new stake in shares of salesforce.com during the second quarter worth about $32,000. Finally, Providence Capital Advisors LLC increased its position in shares of salesforce.com by 87.2% during the first quarter. Providence Capital Advisors LLC now owns 161 shares of the CRM provider’s stock worth $34,000 after acquiring an additional 75 shares during the last quarter. 77.33% of the stock is currently owned by institutional investors.

A number of brokerages have recently issued reports on CRM. Truist Securities increased their target price on salesforce.com from $287.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, August 26th. UBS Group set a $300.00 price target on salesforce.com in a report on Wednesday, September 1st. Zacks Investment Research cut salesforce.com from a “hold” rating to a “sell” rating and set a $273.00 price target on the stock. in a report on Wednesday, August 25th. Morgan Stanley upped their price target on salesforce.com from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Thursday, August 26th. Finally, Bank of America upped their price target on salesforce.com from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Thursday, August 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $298.33.

salesforce.com Company Profile

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.

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

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