salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $155.55, for a total value of $1,555,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Monday, May 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $154.40, for a total value of $772,000.00.
  • On Friday, May 10th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.28, for a total value of $786,400.00.
  • On Wednesday, May 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $157.26, for a total value of $1,572,600.00.
  • On Friday, May 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.81, for a total value of $814,050.00.
  • On Monday, May 6th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $162.07, for a total value of $1,620,700.00.
  • On Wednesday, May 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $164.58, for a total value of $1,645,800.00.
  • On Monday, April 29th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $165.52, for a total value of $1,655,200.00.
  • On Thursday, April 25th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $161.58, for a total value of $1,615,800.00.
  • On Tuesday, April 23rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.01, for a total value of $1,590,100.00.
  • 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 value of $1,557,400.00.

Shares of CRM traded down $3.01 during trading hours on Wednesday, hitting $155.06. The stock had a trading volume of 7,637,987 shares, compared to its average volume of 5,176,204. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $118.04 billion, a P/E ratio of 106.94, a price-to-earnings-growth ratio of 5.65 and a beta of 1.37. salesforce.com, inc. has a 12-month low of $113.60 and a 12-month high of $167.56.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same period last year, the company posted $0.35 EPS. Sell-side analysts predict that salesforce.com, inc. will post 1.18 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. Avondale Wealth Management raised its position in salesforce.com by 100.0% in the first quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Citizens Financial Group Inc RI purchased a new position in salesforce.com in the first quarter valued at about $27,000. Arcadia Investment Management Corp MI raised its position in salesforce.com by 63.0% in the first quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 68 shares during the period. CX Institutional raised its position in salesforce.com by 426.5% in the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Finally, Brand Asset Management Group Inc. purchased a new position in salesforce.com in the first quarter valued at about $30,000. 83.13% of the stock is currently owned by institutional investors.

CRM has been the topic of several analyst reports. Goldman Sachs Group restated a “buy” rating and set a $178.00 price objective on shares of salesforce.com in a report on Monday, March 4th. TheStreet upgraded salesforce.com from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Macquarie raised their price objective on salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Wells Fargo & Co raised their price objective on salesforce.com from $175.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Finally, Stephens initiated coverage on salesforce.com in a report on Wednesday, January 16th. They set an “overweight” rating and a $183.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, thirty-eight 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 an average price target of $177.82.

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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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