Insider Traded:: salesforce.com, inc. (CRM) Chairman Reduced $785,000.00 in Shares

Insider Traded:: salesforce.com, inc. (CRM) Chairman Reduced $785,000.00 in Shares

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

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $157.00, for a total value of $785,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

On Wednesday, March 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.36, for a total value of $1,593,600.00.

On Friday, March 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $155.04, for a total value of $1,550,400.00.

On Tuesday, March 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $158.04, for a total value of $1,580,400.00.

On Friday, March 1st, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $163.31, for a total value of $2,449,650.00.

On Friday, February 22nd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $160.07, for a total value of $1,600,700.00.

On Wednesday, February 20th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $160.07, for a total value of $1,600,700.00.

On Friday, February 15th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $159.31, for a total value of $1,593,100.00.

On Wednesday, February 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $161.84, for a total value of $809,200.00.

On Monday, February 11th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $157.54, for a total value of $1,575,400.00.

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.

NYSE CRM opened at $159.81 on Thursday. The firm has a market capitalization of $122.03 billion, a P/E ratio of 110.21, a P/E/G ratio of 5.26 and a beta of 1.40. salesforce.com, inc. has a twelve month low of $111.34 and a twelve month high of $166.15. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.86.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the prior year, the business posted $0.35 earnings per share. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.31 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. Patriot Financial Group Insurance Agency LLC acquired a new stake in salesforce.com during the 4th quarter worth about $28,000. Semmax Financial Advisors Inc. acquired a new stake in salesforce.com during the 4th quarter worth about $36,000. Aspire Private Capital LLC acquired a new stake in salesforce.com during the 4th quarter worth about $36,000. Intercontinental Wealth Advisors LLC acquired a new stake in salesforce.com during the 4th quarter worth about $36,000. Finally, Certified Advisory Corp grew its holdings in salesforce.com by 52.4% during the 4th quarter. Certified Advisory Corp now owns 291 shares of the CRM provider’s stock worth $40,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 82.84% of the company’s stock.

A number of equities research analysts have recently issued reports on CRM shares. ValuEngine upgraded salesforce.com from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Macquarie boosted their price target on salesforce.com from $174.00 to $188.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Royal Bank of Canada reiterated a “buy” rating and issued a $182.00 price target on shares of salesforce.com in a research note on Wednesday, November 28th. Robert W. Baird boosted their price target on salesforce.com from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $177.62.

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.

Recommended Story: Calculate Your Return on Investment (ROI)

Related posts

Leave a Comment