Insider Selling: salesforce.com, inc. (NYSE:CRM) Chairman Sells $1,570,100.00 in Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $157.01, for a total value of $1,570,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, July 5th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $153.85, for a total value of $769,250.00.
  • On Monday, July 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $153.26, for a total value of $1,532,600.00.
  • On Wednesday, July 3rd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $154.94, for a total value of $774,700.00.
  • On Monday, July 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.87, for a total value of $1,518,700.00.
  • On Thursday, June 27th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $149.73, for a total value of $1,497,300.00.
  • On Friday, June 21st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $157.05, for a total value of $785,250.00.
  • On Monday, June 24th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $155.44, for a total value of $1,554,400.00.
  • On Wednesday, June 19th, Marc Benioff sold 10,000 shares of salesforce.com stock. The shares were sold at an average price of $151.83, for a total value of $1,518,300.00.
  • On Monday, June 17th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $150.49, for a total value of $1,504,900.00.
  • On Thursday, June 13th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $151.14, for a total value of $1,511,400.00.

NYSE:CRM opened at $158.08 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. salesforce.com, inc. has a 12-month low of $113.60 and a 12-month high of $167.56. The stock’s 50-day simple moving average is $153.68. The stock has a market capitalization of $122.67 billion, a PE ratio of 109.02, a P/E/G ratio of 5.84 and a beta of 1.28.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The firm had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter last year, the business posted $0.74 earnings per share. The firm’s revenue was up 24.3% on a year-over-year basis. Research analysts predict that salesforce.com, inc. will post 1.25 EPS for the current year.

CRM has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded Zimmer Biomet from an “underperform” rating to a “market perform” rating and set a $121.71 price target for the company in a research report on Tuesday, June 11th. Nomura reduced their price target on Capri from $76.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a research report on Monday, June 3rd. OTR Global cut salesforce.com to a “positive” rating in a research report on Wednesday, May 15th. Finally, Monness Crespi & Hardt restated a “buy” rating and issued a $200.00 price target (up previously from $195.00) on shares of salesforce.com in a research report on Wednesday, June 5th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $179.97.

Several large investors have recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its holdings in salesforce.com by 45.3% during the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock valued at $35,000 after buying an additional 68 shares in the last quarter. Arcadia Investment Management Corp MI grew its holdings in salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after buying an additional 68 shares in the last quarter. Fagan Associates Inc. grew its holdings in salesforce.com by 1.2% during the 1st quarter. Fagan Associates Inc. now owns 5,760 shares of the CRM provider’s stock valued at $912,000 after buying an additional 70 shares in the last quarter. Savant Capital LLC grew its holdings in salesforce.com by 2.3% during the 1st quarter. Savant Capital LLC now owns 3,123 shares of the CRM provider’s stock valued at $495,000 after buying an additional 70 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in salesforce.com by 1.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,983 shares of the CRM provider’s stock valued at $546,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

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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