salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $157.01, for a total transaction of $1,570,100.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Friday, July 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $153.85, for a total transaction of $769,250.00.
  • On Monday, July 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $153.26, for a total transaction of $1,532,600.00.
  • On Wednesday, July 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $154.94, for a total transaction of $774,700.00.
  • On Monday, July 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.87, for a total transaction of $1,518,700.00.
  • On Thursday, June 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $149.73, for a total transaction of $1,497,300.00.
  • On Friday, June 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $157.05, for a total transaction of $785,250.00.
  • On Monday, June 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.44, for a total transaction of $1,554,400.00.
  • On Wednesday, June 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.83, for a total transaction of $1,518,300.00.
  • On Monday, June 17th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $150.49, for a total transaction of $1,504,900.00.
  • On Thursday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.14, for a total transaction of $1,511,400.00.

Shares of CRM traded up $2.63 during trading hours on Thursday, reaching $158.90. The company had a trading volume of 6,882,143 shares, compared to its average volume of 5,713,505. The firm has a 50 day moving average of $153.58. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $119.95 billion, a P/E ratio of 109.59, a price-to-earnings-growth ratio of 5.72 and a beta of 1.29. salesforce.com, inc. has a 12-month low of $113.60 and a 12-month high of $167.56.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.32. The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 EPS. Equities research analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Heritage Investors Management Corp increased its holdings in salesforce.com by 10.0% during the 1st quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock valued at $5,452,000 after acquiring an additional 3,143 shares in the last quarter. Putnam FL Investment Management Co. increased its holdings in salesforce.com by 0.5% during the 4th quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock valued at $2,930,000 after acquiring an additional 97 shares in the last quarter. MML Investors Services LLC increased its holdings in salesforce.com by 65.9% during the 4th quarter. MML Investors Services LLC now owns 30,074 shares of the CRM provider’s stock valued at $4,119,000 after acquiring an additional 11,941 shares in the last quarter. Columbus Circle Investors purchased a new position in salesforce.com during the 1st quarter valued at about $26,017,000. Finally, Oakworth Capital Inc. increased its holdings in salesforce.com by 506.5% during the 1st quarter. Oakworth Capital Inc. now owns 467 shares of the CRM provider’s stock valued at $74,000 after acquiring an additional 390 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

A number of analysts recently weighed in on CRM shares. Credit Suisse Group reiterated an “outperform” rating on shares of salesforce.com in a research note on Thursday, June 6th. SunTrust Banks reiterated a “hold” rating and set a $60.00 price target on shares of Tripadvisor in a research note on Tuesday, June 11th. Mizuho started coverage on shares of LogMeIn in a research note on Wednesday, March 13th. They set a “neutral” rating and a $88.00 price target for the company. JPMorgan Chase & Co. upgraded shares of ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research note on Monday, June 3rd. Finally, OTR Global cut shares of salesforce.com to a “positive” rating in a research note on Wednesday, May 15th. Three equities 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 company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $179.97.

salesforce.com Company Profile

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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