Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $158.97, for a total value of $794,850.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Wednesday, April 10th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $158.49, for a total value of $1,584,900.00.
  • On Monday, April 8th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.07, for a total value of $790,350.00.
  • On Wednesday, April 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $161.20, for a total value of $1,612,000.00.
  • On Monday, April 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.12, for a total value of $1,591,200.00.
  • On Thursday, March 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.46, for a total value of $1,554,600.00.
  • On Friday, March 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $163.24, for a total value of $816,200.00.
  • On Monday, March 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $161.91, for a total value of $1,619,100.00.
  • On Wednesday, March 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $163.28, for a total value of $1,632,800.00.
  • On Friday, March 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.02, for a total value of $805,100.00.
  • On Monday, March 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $161.51, for a total value of $1,615,100.00.

Shares of salesforce.com stock traded down $0.62 on Monday, hitting $160.09. 2,482,826 shares of the company were exchanged, compared to its average volume of 5,440,279. The stock has a market cap of $123.92 billion, a P/E ratio of 110.41, a P/E/G ratio of 5.36 and a beta of 1.39. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $166.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS 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 analyst estimates 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 in the previous year, the company earned $0.35 EPS. As a group, research analysts expect that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

A number of research firms have weighed in on CRM. Exane BNP Paribas began coverage on salesforce.com in a research note on Friday, March 29th. They set an “outperform” rating for the company. BNP Paribas began coverage on salesforce.com in a research report on Friday, March 29th. They set an “outperform” rating on the stock. Mizuho began coverage on salesforce.com in a research report on Wednesday, March 13th. They set a “buy” rating and a $185.00 target price on the stock. Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Citigroup raised their target price on salesforce.com from $183.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $177.82.

Several hedge funds have recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC purchased a new stake in salesforce.com in the fourth quarter valued at approximately $28,000. CX Institutional grew its stake in shares of salesforce.com by 426.5% during the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in shares of salesforce.com during the fourth quarter worth $36,000. Semmax Financial Advisors Inc. acquired a new position in shares of salesforce.com during the fourth quarter worth $36,000. Finally, Aspire Private Capital LLC acquired a new position in shares of salesforce.com during the fourth quarter worth $36,000. 83.02% of the stock is currently owned by hedge funds and other institutional investors.

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

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