salesforce.com, inc. (NYSE:CRM) Chairman Sells $1,554,600.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $155.46, for a total transaction of $1,554,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • On Thursday, April 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.74, for a total transaction of $1,557,400.00.
  • On Monday, April 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $160.48, for a total transaction of $802,400.00.
  • On Friday, April 12th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $160.76, for a total transaction of $803,800.00.
  • 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 transaction of $1,584,900.00.
  • On Monday, April 8th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.07, for a total transaction of $790,350.00.
  • On Friday, April 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $158.97, for a total transaction of $794,850.00.
  • 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 transaction 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 transaction of $1,591,200.00.
  • 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 transaction 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 transaction of $1,619,100.00.

NYSE:CRM traded up $0.65 during midday trading on Friday, hitting $155.99. 4,391,704 shares of the company were exchanged, compared to its average volume of 4,408,287. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week 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. The firm has a market capitalization of $120.23 billion, a P/E ratio of 107.58, a P/E/G ratio of 5.68 and a beta of 1.39.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same period last year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.2 EPS for the current year.

A number of equities analysts recently weighed in on the stock. Exane BNP Paribas assumed coverage on shares of salesforce.com in a research report on Friday, March 29th. They set an “outperform” rating for the company. BNP Paribas assumed coverage on shares of salesforce.com in a research report on Friday, March 29th. They set an “outperform” rating for the company. Credit Suisse Group reaffirmed a “buy” rating and set a $175.00 price objective on shares of salesforce.com in a research report on Tuesday, March 5th. Wedbush reissued an “outperform” rating and issued a $166.00 price target on shares of salesforce.com in a research report on Monday, January 7th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $180.00 price target on shares of salesforce.com in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $177.82.

A number of large investors have recently made changes to their positions in CRM. Oregon Public Employees Retirement Fund increased its stake in salesforce.com by 29,364.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 21,642,889 shares during the period. Norges Bank acquired a new position in shares of salesforce.com during the fourth quarter worth about $938,778,000. Lunia Capital LP purchased a new stake in salesforce.com during the fourth quarter worth about $5,811,000. BlackRock Inc. boosted its holdings in salesforce.com by 9.2% during the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after buying an additional 4,321,630 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in salesforce.com by 18.3% during the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock worth $2,694,432,000 after buying an additional 3,041,293 shares in the last quarter. Hedge funds and other institutional investors own 83.02% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was first published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/marc-benioff-sells-10000-shares-of-salesforce-com-inc-crm-stock-2.html.

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.

See Also: How are Outstanding Shares Different from Authorized Shares?

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.