salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $108.20, for a total value of $541,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, February 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $105.36, for a total value of $526,800.00.
  • On Wednesday, February 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $110.74, for a total value of $553,700.00.
  • On Friday, February 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $111.45, for a total value of $557,250.00.
  • On Monday, February 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $110.71, for a total value of $1,107,100.00.
  • On Wednesday, January 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.93, for a total value of $569,650.00.
  • On Monday, January 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.62, for a total value of $568,100.00.
  • On Friday, January 26th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.37, for a total value of $566,850.00.
  • On Wednesday, January 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $113.09, for a total value of $565,450.00.
  • On Monday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $112.36, for a total value of $561,800.00.
  • On Thursday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $111.36, for a total value of $556,800.00.

Shares of salesforce.com, inc. (NYSE:CRM) opened at $108.55 on Tuesday. salesforce.com, inc. has a one year low of $80.25 and a one year high of $114.52. The company has a market capitalization of $78,410.00, a P/E ratio of 10,855.00, a P/E/G ratio of 5.93 and a beta of 1.32. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. analysts forecast that salesforce.com, inc. will post 0.43 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Egerton Capital UK LLP acquired a new stake in salesforce.com during the fourth quarter worth approximately $294,547,000. Arrowstreet Capital Limited Partnership grew its stake in salesforce.com by 323.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock worth $364,846,000 after purchasing an additional 2,725,972 shares during the period. Assenagon Asset Management S.A. acquired a new stake in salesforce.com during the fourth quarter worth approximately $83,414,000. Janus Henderson Group PLC grew its stake in salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock worth $1,255,082,000 after purchasing an additional 675,471 shares during the period. Finally, Suvretta Capital Management LLC grew its stake in salesforce.com by 34.8% during the third quarter. Suvretta Capital Management LLC now owns 2,401,470 shares of the CRM provider’s stock worth $224,345,000 after purchasing an additional 619,520 shares during the period. 85.33% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on CRM. Guggenheim reiterated a “buy” rating and issued a $128.00 target price on shares of salesforce.com in a research report on Thursday, January 11th. Vetr upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 target price for the company in a research report on Monday. Cleveland Research began coverage on salesforce.com in a research report on Wednesday, January 31st. They issued a “buy” rating for the company. BTIG Research increased their target price on salesforce.com to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Finally, Stifel Nicolaus increased their target price on salesforce.com from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have issued a buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and an average target price of $113.62.

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salesforce.com Company Profile

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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