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salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff Sells 5,000 Shares

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $164.45, for a total value of $822,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Monday, November 18th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.88, for a total value of $814,400.00.
  • On Friday, November 15th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.78, for a total value of $813,900.00.
  • On Wednesday, November 13th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $163.14, for a total value of $815,700.00.
  • On Monday, November 11th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.32, for a total value of $806,600.00.
  • On Friday, November 8th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $160.30, for a total value of $801,500.00.
  • On Wednesday, November 6th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.86, for a total value of $794,300.00.
  • On Monday, November 4th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $158.41, for a total value of $792,050.00.
  • On Friday, November 1st, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $159.01, for a total value of $795,050.00.
  • On Wednesday, October 30th, 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, October 28th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $152.80, for a total value of $764,000.00.

Shares of salesforce.com stock opened at $162.81 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97. salesforce.com, inc. has a 1 year low of $120.16 and a 1 year high of $167.56. The company has a market capitalization of $142.85 billion, a P/E ratio of 111.56, a P/E/G ratio of 6.89 and a beta of 1.22. The business has a 50 day moving average price of $154.01 and a 200 day moving average price of $153.18.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.57. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the firm posted $0.71 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts expect that salesforce.com, inc. will post 1.24 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Bray Capital Advisors lifted its position in salesforce.com by 0.3% in the 3rd quarter. Bray Capital Advisors now owns 23,420 shares of the CRM provider’s stock worth $3,476,000 after buying an additional 65 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in salesforce.com by 4.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,472 shares of the CRM provider’s stock worth $218,000 after buying an additional 65 shares in the last quarter. Citizens Financial Group Inc RI lifted its position in salesforce.com by 21.9% in the 3rd quarter. Citizens Financial Group Inc RI now owns 379 shares of the CRM provider’s stock worth $56,000 after buying an additional 68 shares in the last quarter. Allred Capital Management LLC lifted its position in salesforce.com by 1.6% in the 2nd quarter. Allred Capital Management LLC now owns 4,494 shares of the CRM provider’s stock worth $692,000 after buying an additional 71 shares in the last quarter. Finally, Clear Perspective Advisors LLC lifted its position in salesforce.com by 4.6% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,646 shares of the CRM provider’s stock worth $250,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

CRM has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $192.00 price objective on shares of salesforce.com in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $195.00 price objective (up previously from $171.00) on shares of salesforce.com in a report on Sunday, November 17th. Robert W. Baird reaffirmed a “buy” rating and issued a $185.00 price objective on shares of salesforce.com in a report on Thursday. Mizuho reaffirmed a “buy” rating and issued a $195.00 price objective on shares of salesforce.com in a report on Thursday. Finally, Stephens set a $184.00 price target on salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Three equities research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $187.31.

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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