salesforce.com, inc. (NYSE:CRM) CEO Sells $448,316.00 in Stock

salesforce.com, inc. (NYSE:CRMGet Rating) CEO Marc Benioff sold 2,300 shares of the stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $194.92, for a total value of $448,316.00. Following the transaction, the chief executive officer now owns 28,933,119 shares in the company, valued at $5,639,643,555.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Friday, April 8th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $198.43, for a total value of $456,389.00.
  • On Wednesday, April 6th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $200.68, for a total value of $461,564.00.
  • On Monday, April 4th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $218.64, for a total value of $502,872.00.
  • On Friday, April 1st, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $211.58, for a total value of $486,634.00.
  • On Wednesday, March 30th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $216.02, for a total value of $496,846.00.
  • On Monday, March 28th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $212.58, for a total value of $488,934.00.
  • On Friday, March 25th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $210.85, for a total value of $484,955.00.
  • On Monday, March 21st, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $213.82, for a total value of $491,786.00.
  • On Friday, March 18th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $214.79, for a total value of $494,017.00.
  • On Wednesday, March 16th, Marc Benioff sold 2,300 shares of salesforce.com stock. The stock was sold at an average price of $202.65, for a total value of $466,095.00.

salesforce.com stock traded down $0.64 during mid-day trading on Tuesday, reaching $194.81. 4,654,009 shares of the stock traded hands, compared to its average volume of 7,338,244. The stock has a market capitalization of $192.86 billion, a PE ratio of 129.87, a price-to-earnings-growth ratio of 5.61 and a beta of 1.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.05 and a quick ratio of 1.05. salesforce.com, inc. has a 12-month low of $184.44 and a 12-month high of $311.75. The business’s 50-day moving average is $208.00 and its 200-day moving average is $246.79.

salesforce.com (NYSE:CRMGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The CRM provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.12. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.24 billion. salesforce.com had a return on equity of 4.76% and a net margin of 5.45%. salesforce.com’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities analysts anticipate that salesforce.com, inc. will post 2.1 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on salesforce.com from $360.00 to $300.00 and set a “buy” rating for the company in a report on Friday, January 21st. BMO Capital Markets raised their target price on salesforce.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, March 2nd. Cowen lowered their target price on salesforce.com from $325.00 to $285.00 in a research note on Monday, February 28th. Canaccord Genuity Group lowered their target price on salesforce.com from $315.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Finally, UBS Group raised their target price on salesforce.com from $210.00 to $225.00 and gave the company a “neutral” rating in a research note on Wednesday, March 2nd. Seven analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $302.23.

A number of institutional investors and hedge funds have recently modified their holdings of CRM. Morgan Stanley increased its position in salesforce.com by 20.2% in the second quarter. Morgan Stanley now owns 16,563,897 shares of the CRM provider’s stock worth $4,046,065,000 after buying an additional 2,787,393 shares in the last quarter. Wolff Wiese Magana LLC increased its position in salesforce.com by 2.3% in the third quarter. Wolff Wiese Magana LLC now owns 4,565 shares of the CRM provider’s stock worth $1,238,000 after buying an additional 104 shares in the last quarter. CMH Wealth Management LLC increased its position in salesforce.com by 2.9% in the third quarter. CMH Wealth Management LLC now owns 20,305 shares of the CRM provider’s stock worth $5,507,000 after buying an additional 575 shares in the last quarter. Jag Capital Management LLC increased its position in salesforce.com by 1.9% in the third quarter. Jag Capital Management LLC now owns 25,003 shares of the CRM provider’s stock worth $6,781,000 after buying an additional 455 shares in the last quarter. Finally, First Affirmative Financial Network purchased a new stake in salesforce.com in the third quarter worth about $244,000. Institutional investors and hedge funds own 77.16% of the company’s stock.

salesforce.com Company Profile (Get Rating)

salesforce.com, inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale.

Further Reading

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.