salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $157.54, for a total value of $1,575,400.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Thursday, February 7th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $157.10, for a total value of $2,356,500.00.
  • On Monday, February 4th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.84, for a total value of $1,558,400.00.
  • On Thursday, January 31st, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $148.46, for a total value of $2,226,900.00.
  • On Monday, January 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $148.21, for a total value of $1,482,100.00.
  • On Thursday, January 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $148.56, for a total value of $1,485,600.00.
  • On Tuesday, January 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $149.47, for a total value of $747,350.00.
  • On Friday, January 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $152.15, for a total value of $760,750.00.
  • On Monday, January 14th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $145.90, for a total value of $729,500.00.
  • On Wednesday, January 16th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $147.78, for a total value of $2,216,700.00.
  • On Friday, January 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $147.23, for a total value of $736,150.00.

NYSE:CRM traded up $3.24 during trading hours on Monday, reaching $159.91. The company had a trading volume of 7,112,853 shares, compared to its average volume of 5,445,314. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $119.85 billion, a price-to-earnings ratio of 355.36, a price-to-earnings-growth ratio of 5.08 and a beta of 1.37. salesforce.com, inc. has a one year low of $105.93 and a one year high of $161.50.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.50 by $0.11. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Research analysts expect that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Bremer Trust National Association lifted its stake in shares of salesforce.com by 0.4% during the fourth quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock valued at $2,455,000 after acquiring an additional 66 shares during the period. Mycio Wealth Partners LLC lifted its stake in shares of salesforce.com by 2.5% during the fourth quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after acquiring an additional 70 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of salesforce.com by 11.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 779 shares of the CRM provider’s stock valued at $107,000 after acquiring an additional 77 shares during the period. Hollencrest Capital Management lifted its stake in shares of salesforce.com by 1.0% during the fourth quarter. Hollencrest Capital Management now owns 8,681 shares of the CRM provider’s stock valued at $1,189,000 after acquiring an additional 85 shares during the period. Finally, Parsons Capital Management Inc. RI lifted its stake in shares of salesforce.com by 0.3% during the fourth quarter. Parsons Capital Management Inc. RI now owns 32,824 shares of the CRM provider’s stock valued at $4,496,000 after acquiring an additional 94 shares during the period. Institutional investors own 85.17% of the company’s stock.

Several research firms recently weighed in on CRM. Nomura restated a “buy” rating on shares of salesforce.com in a report on Wednesday, December 5th. Zacks Investment Research upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 target price for the company in a report on Friday, November 30th. Atlantic Securities began coverage on salesforce.com in a report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 target price for the company. Credit Suisse Group restated a “buy” rating and issued a $175.00 target price on shares of salesforce.com in a report on Wednesday, November 28th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and set a $149.00 price target on shares of salesforce.com in a report on Wednesday, November 28th. Three analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $170.38.

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

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