Salesforce, Inc. (NYSE: CRM – Get Rating) CEO Marc Benioff sold 2,300 shares of Salesforce stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $ 184.96, for a total transaction of $ 425,408.00. Following the completion of the sale, the chief executive officer now owns 28,926,000 shares of the company stock, valued at $ 5,350,152,960. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Marc Benioff also recently made the following trade (s):
- On Thursday, June 2nd, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $ 182.65, for a total transaction of $ 420,095.00.
- On Tuesday, May 31st, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $ 162.85, for a total transaction of $ 374,555.00.
- On Friday, May 27th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $ 163.40, for a total transaction of $ 375,820.00.
- On Wednesday, May 25th, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $ 159.28, for a total transaction of $ 366,344.00.
- On Monday, May 23rd, Marc Benioff sold 2,300 shares of Salesforce stock. The stock was sold at an average price of $ 158.97, for a total transaction of $ 365,631.00.
- On Friday, May 20th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $ 157.52, for a total transaction of $ 362,296.00.
- On Wednesday, May 18th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $ 159.39, for a total transaction of $ 366,597.00.
- On Monday, May 16th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $ 164.36, for a total transaction of $ 378,028.00.
- On Thursday, May 12th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $ 160.60, for a total transaction of $ 369,380.00.
- On Monday, May 9th, Marc Benioff sold 2,300 shares of Salesforce stock. The shares were sold at an average price of $ 165.37, for a total transaction of $ 380,351.00.
NYSE CRM opened at $ 189.19 on Thursday. The company 50-day moving average price is $ 179.05 and its 200-day moving average price is $ 213.06. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.16. The stock has a market cap of $ 188.24 billion, a PE ratio of 183.68, a PEG ratio of 5.01 and a beta of 1.16. Salesforce, Inc. has a 12 month low of $ 154.55 and a 12 month high of $ 311.75.
Salesforce (NYSE: CRM – Get Rating) last posted its quarterly earnings results on Tuesday, May 31st. The CRM provider reported $ 0.98 EPS for the quarter, topping analysts’ consensus estimates of $ 0.94 by $ 0.04. Salesforce had a net margin of 3.59% and a return on equity of 3.92%. The firm had revenue of $ 7.41 billion for the quarter, compared to analysts’ expectations of $ 7.38 billion. During the same period in the prior year, the business posted $ 0.74 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. As a group, sell-side analysts forecast that Salesforce, Inc. will post 2.18 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in CRM. Vectors Research Management LLC lifted its stake in Salesforce by 128.9% in the fourth quarter. Vectors Research Management LLC now owns 103 shares of the CRM provider’s stock worth $ 26,000 after acquiring an additional 58 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in Salesforce in the fourth quarter worth about $ 27,000. MCF Advisors LLC purchased a new stake in Salesforce in the first quarter worth about $ 30,000. FSC Wealth Advisors LLC lifted its stake in Salesforce by 1,350.0% in the first quarter. FSC Wealth Advisors LLC now owns 145 shares of the CRM provider’s stock worth $ 31,000 after acquiring an additional 135 shares during the period. Finally, Financial Enhancement Group LLC lifted its stake in Salesforce by 589.5% in the fourth quarter. Financial Enhancement Group LLC now owns 131 shares of the CRM provider’s stock worth $ 33,000 after acquiring an additional 112 shares during the period. 77.75% of the stock is owned by institutional investors.
Several brokerages recently issued reports on CRM. Loop Capital cut their target price on shares of Salesforce from $ 225.00 to $ 175.00 and set a “hold” rating for the company in a research report on Thursday, June 2nd. Roth Capital raised shares of Salesforce from a “neutral” rating to a “buy” rating and set a $ 242.00 price target on the stock in a report on Wednesday, May 18th. Oppenheimer reaffirmed a “buy” rating and set a $ 205.00 price target on shares of Salesforce in a report on Wednesday, June 1st. Morgan Stanley lowered their price target on shares of Salesforce from $ 360.00 to $ 291.00 in a report on Monday, May 16th. Finally, Robert W. Baird lowered their price target on shares of Salesforce from $ 300.00 to $ 260.00 and set an “outperform” rating on the stock in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $ 271.80.
About Salesforce: (Get Rating)
Salesforce, Inc. provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale.
Recommended Stories:
Receive News & Ratings for Salesforce Daily: – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Salesforce and related companies with MarketBeat.com’s FREE daily email newsletter.
.