salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $144.98, for a total value of $724,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, August 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $145.58, for a total value of $1,455,800.00.
  • On Wednesday, August 8th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $143.75, for a total value of $2,156,250.00.
  • On Friday, August 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $140.44, for a total value of $702,200.00.
  • On Wednesday, August 1st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $138.69, for a total value of $693,450.00.
  • On Friday, July 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $145.00, for a total value of $725,000.00.
  • On Monday, July 30th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $142.14, for a total value of $1,421,400.00.
  • On Wednesday, July 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $148.07, for a total value of $740,350.00.
  • On Monday, July 23rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $146.86, for a total value of $734,300.00.
  • On Friday, July 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.16, for a total value of $735,800.00.
  • On Wednesday, July 18th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $146.87, for a total value of $1,468,700.00.

CRM stock opened at $145.73 on Friday. salesforce.com, inc. has a 1-year low of $90.28 and a 1-year high of $149.35. The company has a market capitalization of $106.79 billion, a PE ratio of 323.84, a P/E/G ratio of 5.77 and a beta of 1.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.28. salesforce.com had a return on equity of 7.25% and a net margin of 4.33%. The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the company posted $0.28 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. analysts forecast that salesforce.com, inc. will post 1.01 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Smith Asset Management Group LP bought a new stake in shares of salesforce.com in the 2nd quarter valued at approximately $55,097,000. Fisher Asset Management LLC grew its stake in shares of salesforce.com by 27.6% in the 1st quarter. Fisher Asset Management LLC now owns 517,668 shares of the CRM provider’s stock valued at $60,205,000 after purchasing an additional 111,906 shares during the period. Buckingham Capital Management Inc. grew its stake in shares of salesforce.com by 9.4% in the 1st quarter. Buckingham Capital Management Inc. now owns 25,943 shares of the CRM provider’s stock valued at $3,017,000 after purchasing an additional 2,225 shares during the period. State of Tennessee Treasury Department grew its stake in shares of salesforce.com by 28.2% in the 1st quarter. State of Tennessee Treasury Department now owns 227,540 shares of the CRM provider’s stock valued at $26,463,000 after purchasing an additional 50,026 shares during the period. Finally, Apertura Capital LLC bought a new stake in shares of salesforce.com in the 1st quarter valued at approximately $1,047,000. Institutional investors own 85.59% of the company’s stock.

A number of equities analysts have recently commented on the company. Canaccord Genuity reiterated a “buy” rating on shares of salesforce.com in a research note on Thursday, June 28th. UBS Group lifted their price objective on salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a research note on Wednesday. Piper Jaffray Companies lifted their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday. Barclays lifted their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Societe Generale set a $170.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and an average price target of $137.92.

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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