Insider Selling: salesforce.com, inc. (NYSE:CRM) CEO Sells 5,000 Shares of Stock

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $160.50, for a total value of $802,500.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Friday, November 29th, Marc Benioff sold 5,000 shares of salesforce.com stock. The stock was sold at an average price of $162.65, for a total value of $813,250.00.
  • On Wednesday, November 27th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $161.75, for a total value of $808,750.00.
  • On Monday, November 25th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.32, for a total value of $811,600.00.
  • On Friday, November 22nd, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $162.62, for a total value of $813,100.00.
  • On Wednesday, November 20th, Marc Benioff sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $164.45, for a total value of $822,250.00.
  • 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.

Shares of salesforce.com stock traded down $1.89 on Monday, hitting $161.00. 5,099,464 shares of the company traded hands, compared to its average volume of 5,693,071. The company has a 50-day moving average price of $156.87 and a 200 day moving average price of $153.38. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. salesforce.com, inc. has a 12-month low of $120.16 and a 12-month high of $167.56. The company has a market cap of $142.85 billion, a PE ratio of 111.03, a PEG ratio of 7.00 and a beta of 1.24.

Institutional investors have recently bought and sold shares of the company. Investors Research Corp grew its holdings in shares of salesforce.com by 159.1% during the 3rd quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 105 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new position in shares of salesforce.com during the 2nd quarter valued at $26,000. Personal Wealth Partners purchased a new position in shares of salesforce.com during the 2nd quarter valued at $28,000. Acima Private Wealth LLC grew its holdings in shares of salesforce.com by 250.0% during the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 135 shares in the last quarter. Finally, Enterprise Trust & Investment Co grew its holdings in shares of salesforce.com by 234.4% during the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 143 shares in the last quarter. Institutional investors and hedge funds own 81.32% of the company’s stock.

CRM has been the topic of several research reports. SunTrust Banks set a $189.00 price target on salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 21st. Stifel Nicolaus upped their price target on salesforce.com from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Evercore ISI reaffirmed a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a report on Tuesday, November 12th. UBS Group set a $190.00 price target on salesforce.com and gave the company a “buy” rating in a report on Friday, August 23rd. Finally, OTR Global raised salesforce.com to a “positive” rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $187.31.

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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