salesforce.com, inc. (NYSE:CRM) CEO Sells $2,792,250.00 in Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $186.15, for a total value of $2,792,250.00. Following the completion of the sale, the chief executive officer now directly owns 30,083,800 shares of the company’s stock, valued at $5,600,099,370. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Monday, June 22nd, Marc Benioff sold 15,000 shares of salesforce.com stock. The shares were sold at an average price of $190.11, for a total value of $2,851,650.00.
  • On Thursday, June 18th, Marc Benioff sold 30,000 shares of salesforce.com stock. The shares were sold at an average price of $183.99, for a total value of $5,519,700.00.
  • On Monday, June 15th, Marc Benioff sold 15,000 shares of salesforce.com stock. The stock was sold at an average price of $176.04, for a total value of $2,640,600.00.
  • On Thursday, June 11th, Marc Benioff sold 20,000 shares of salesforce.com stock. The stock was sold at an average price of $172.05, for a total value of $3,441,000.00.
  • On Monday, June 8th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $174.84, for a total value of $1,748,400.00.
  • On Friday, June 5th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $172.86, for a total value of $1,728,600.00.
  • On Wednesday, June 3rd, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $174.31, for a total value of $1,743,100.00.
  • On Monday, June 1st, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $175.30, for a total value of $1,753,000.00.
  • On Thursday, May 28th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $182.12, for a total value of $1,821,200.00.
  • On Tuesday, May 26th, Marc Benioff sold 10,000 shares of salesforce.com stock. The stock was sold at an average price of $177.87, for a total value of $1,778,700.00.

CRM opened at $183.17 on Friday. salesforce.com, inc. has a fifty-two week low of $115.29 and a fifty-two week high of $195.72. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market capitalization of $169.69 billion, a P/E ratio of -1,017.61, a P/E/G ratio of 9.18 and a beta of 1.08. The stock has a fifty day moving average of $177.44 and a 200-day moving average of $168.71.

salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, May 28th. The CRM provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.01. salesforce.com had a positive return on equity of 2.45% and a negative net margin of 0.92%. The company had revenue of $4.87 billion during the quarter, compared to the consensus estimate of $4.85 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The company’s revenue was up 30.2% on a year-over-year basis. On average, equities research analysts predict that salesforce.com, inc. will post 1.12 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. grew its position in salesforce.com by 21.0% in the fourth quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock valued at $53,000 after acquiring an additional 57 shares during the last quarter. Shepherd Financial Partners LLC grew its position in salesforce.com by 0.8% in the first quarter. Shepherd Financial Partners LLC now owns 7,907 shares of the CRM provider’s stock valued at $1,136,000 after acquiring an additional 59 shares during the last quarter. Buckingham Asset Management LLC grew its position in salesforce.com by 1.4% in the first quarter. Buckingham Asset Management LLC now owns 4,667 shares of the CRM provider’s stock valued at $672,000 after acquiring an additional 63 shares during the last quarter. IHT Wealth Management LLC grew its position in salesforce.com by 0.7% in the first quarter. IHT Wealth Management LLC now owns 8,879 shares of the CRM provider’s stock valued at $1,278,000 after acquiring an additional 64 shares during the last quarter. Finally, Highland Private Wealth Management grew its position in salesforce.com by 2.5% in the fourth quarter. Highland Private Wealth Management now owns 2,650 shares of the CRM provider’s stock valued at $431,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 81.54% of the company’s stock.

CRM has been the subject of a number of research reports. Edward Jones initiated coverage on salesforce.com in a research note on Friday, February 28th. They set a “buy” rating for the company. Piper Sandler decreased their price target on shares of salesforce.com from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Monness Crespi & Hardt raised their price target on shares of salesforce.com from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Jefferies Financial Group raised their price target on shares of salesforce.com from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, June 22nd. They noted that the move was a valuation call. Finally, Rosenblatt Securities assumed coverage on shares of salesforce.com in a research note on Monday, May 4th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $199.77.

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

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