salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $150.17, for a total value of $750,850.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, September 10th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $150.13, for a total value of $750,650.00.
  • On Wednesday, September 5th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $151.57, for a total value of $2,273,550.00.
  • On Thursday, August 30th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $153.08, for a total value of $1,530,800.00.
  • On Monday, August 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.45, for a total value of $1,514,500.00.
  • On Thursday, August 23rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $146.82, for a total value of $1,468,200.00.
  • On Friday, August 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $144.81, for a total value of $724,050.00.
  • On Monday, August 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $145.18, for a total value of $1,451,800.00.
  • On Wednesday, August 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $144.98, for a total value of $724,900.00.
  • On Monday, August 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were 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 shares were sold at an average price of $143.75, for a total value of $2,156,250.00.

NYSE CRM opened at $152.84 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a market cap of $113.83 billion, a PE ratio of 339.64, a PEG ratio of 4.94 and a beta of 1.27. salesforce.com, inc. has a 1-year low of $92.11 and a 1-year high of $154.97.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.47 by $0.24. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. salesforce.com’s revenue was up 27.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 EPS. analysts forecast that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd increased its stake in shares of salesforce.com by 64.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 409 shares in the last quarter. TLP Group LLC increased its stake in salesforce.com by 353.9% in the 1st quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock worth $128,000 after buying an additional 860 shares in the last quarter. Private Capital Group LLC increased its stake in salesforce.com by 91.9% in the 1st quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock worth $132,000 after buying an additional 543 shares in the last quarter. Resources Investment Advisors Inc. increased its stake in salesforce.com by 328.2% in the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after buying an additional 965 shares in the last quarter. Finally, CWM LLC increased its stake in salesforce.com by 95.8% in the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after buying an additional 645 shares in the last quarter. Hedge funds and other institutional investors own 82.74% of the company’s stock.

Several research firms recently issued reports on CRM. Piper Jaffray Companies reaffirmed a “buy” rating on shares of salesforce.com in a research report on Thursday, August 30th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $175.00 price objective (up from $155.00) on shares of salesforce.com in a research report on Thursday, August 30th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $170.00 price objective (up from $158.00) on shares of salesforce.com in a research report on Thursday, August 30th. Canaccord Genuity upped their price objective on salesforce.com from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Finally, UBS Group upped their price objective on salesforce.com from $168.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Five investment analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $159.97.

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.

Read More: Stock Symbols and CUSIP Explained

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

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