salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $132.13, for a total value of $1,321,300.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

  • On Friday, November 9th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.58, for a total transaction of $687,900.00.
  • On Wednesday, November 7th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $140.93, for a total transaction of $704,650.00.
  • On Monday, November 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $135.11, for a total transaction of $675,550.00.
  • On Friday, November 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.89, for a total transaction of $689,450.00.
  • On Wednesday, October 31st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.17, for a total transaction of $685,850.00.
  • On Monday, October 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $135.38, for a total transaction of $676,900.00.
  • On Friday, October 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $137.62, for a total transaction of $1,376,200.00.
  • On Wednesday, October 24th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $137.57, for a total transaction of $687,850.00.
  • On Monday, October 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $142.11, for a total transaction of $1,421,100.00.
  • On Wednesday, October 17th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $146.67, for a total transaction of $733,350.00.

CRM stock traded up $1.66 during mid-day trading on Tuesday, hitting $132.16. 6,174,900 shares of the company were exchanged, compared to its average volume of 5,480,235. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $103.61 billion, a P/E ratio of 293.69, a price-to-earnings-growth ratio of 4.50 and a beta of 1.38. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19.

salesforce.com (NYSE:CRM) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $3.23 billion. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. Analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current year.

CRM has been the topic of a number of analyst reports. Zacks Investment Research reissued a “hold” rating on shares of salesforce.com in a research note on Monday. Nomura initiated coverage on salesforce.com in a research note on Monday, October 29th. They issued a “buy” rating and a $181.00 price target on the stock. Jefferies Financial Group increased their price target on salesforce.com to $168.00 and gave the company a “buy” rating in a research note on Wednesday, August 22nd. UBS Group increased their price target on salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, Stifel Nicolaus increased their target price on salesforce.com from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Seven investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $166.41.

Large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of salesforce.com by 3.5% in the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after purchasing an additional 3,066,099 shares during the last quarter. BlackRock Inc. increased its position in shares of salesforce.com by 5.1% during the 3rd quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock worth $7,466,224,000 after purchasing an additional 2,292,873 shares during the last quarter. Morgan Stanley increased its position in shares of salesforce.com by 1.5% during the 2nd quarter. Morgan Stanley now owns 14,496,002 shares of the CRM provider’s stock worth $1,977,256,000 after purchasing an additional 214,578 shares during the last quarter. Northern Trust Corp increased its position in shares of salesforce.com by 1.0% during the 2nd quarter. Northern Trust Corp now owns 9,923,734 shares of the CRM provider’s stock worth $1,353,597,000 after purchasing an additional 98,077 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of salesforce.com by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,205,516 shares of the CRM provider’s stock worth $1,304,923,000 after purchasing an additional 75,769 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

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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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