Marc Benioff Sells 5,000 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $106.64, for a total value of $533,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, January 2nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $103.97, for a total value of $519,850.00.

salesforce.com, inc. (NYSE CRM) traded up $1.39 on Thursday, hitting $106.68. The stock had a trading volume of 4,480,600 shares, compared to its average volume of 4,760,000. The company has a market capitalization of $77,050.00, a PE ratio of 10,668.00, a price-to-earnings-growth ratio of 9.75 and a beta of 1.24. salesforce.com, inc. has a 1 year low of $70.76 and a 1 year high of $109.19. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.65 billion. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. sell-side analysts expect that salesforce.com, inc. will post 0.43 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. grew its stake in shares of salesforce.com by 0.6% during the second quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after buying an additional 18 shares during the last quarter. Stephens Investment Management Group LLC grew its stake in salesforce.com by 0.3% in the second quarter. Stephens Investment Management Group LLC now owns 30,933 shares of the CRM provider’s stock worth $2,679,000 after purchasing an additional 85 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in salesforce.com by 0.6% in the second quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after purchasing an additional 93 shares in the last quarter. Linscomb & Williams Inc. grew its stake in salesforce.com by 2.5% in the second quarter. Linscomb & Williams Inc. now owns 4,187 shares of the CRM provider’s stock worth $363,000 after purchasing an additional 104 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in salesforce.com by 2.4% in the second quarter. D.A. Davidson & CO. now owns 6,807 shares of the CRM provider’s stock worth $589,000 after purchasing an additional 160 shares in the last quarter. 85.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on CRM. BTIG Research boosted their target price on salesforce.com to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Stifel Nicolaus boosted their target price on salesforce.com from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Cowen reiterated a “buy” rating and issued a $118.00 target price on shares of salesforce.com in a research report on Tuesday, November 21st. Vetr downgraded salesforce.com from a “sell” rating to a “strong sell” rating and set a $90.51 target price on the stock. in a research report on Tuesday, October 31st. Finally, Goldman Sachs Group set a $110.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $112.59.

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About salesforce.com

Salesforce.com, Inc is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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