Marc Benioff Sells 10000 Shares of salesforce.com, inc. (CRM) Stock

20 May, 2017, 07:00 | Author: Leticia Walters
  • Salesforce posts Q1 loss but raises outlook

Following the completion of the transaction, the executive vice president now directly owns 290,385 shares in the company, valued at approximately $23,733,166.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Now the shares of salesforce.com, inc.

Now the P/E of salesforce.com, inc. stands at 338.8. The shares were sold at an average price of $89.80, for a total transaction of $898,000.00.

On Friday, May 12th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. Finally, William Blair restated an "outperform" rating on shares of salesforce.com, inc.in a report on Wednesday, February 22nd. The stock was sold at an average price of $81.73, for a total transaction of $17,228,684.00. Quest Investment Mgmt Or has invested 2.18% of its portfolio in salesforce.com, inc. The stock was sold at an average price of $83.74, for a total value of $837,400.00.

On Wednesday, May 3rd, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock.

On Monday, May 1st, Marc Benioff sold 30,000 shares of salesforce.com, inc. stock. (NYSE:CRM) traded down 0.40% during trading on Friday, hitting $87.40. During the same quarter in the previous year, the company posted $0.24 earnings per share. salesforce.com, inc.'s revenue for the quarter was up 24.6% on a year-over-year basis. The company has a market capitalization of $63.61 billion, a P/E ratio of 345.85 and a beta of 1.42. Roth Capital initiated the shares of HTBX in report on Monday, June 20 with "Buy" rating. This represents an increase of approximately 165% compared to the typical volume of 7,630 call options. The CRM provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.23.

However, first quarter revenue increased 25 per cent to $2.4bn (£1.8bn). During the same period in the previous year, the business posted $0.19 earnings per share.

In February, Salesforce had warned of a steeper drop in first-quarter deferred revenue, blaming seasonality as customers typically make purchasing decisions towards the end of the year. The lowest 12-month price target for the shares is $66.00, which would be decrease of about -25% of its current value. If you are reading this report on another publication, it was copied illegally and republished in violation of U.S. and global trademark and copyright law.

Salesforce.com, inc. (NYSE:CRM) on Thursday closed at $87.75.

Hedge funds and other institutional investors have recently modified their holdings of the company. Moreover, Discovery Capital Management Limited Ct has 0.57% invested in salesforce.com, inc. (NYSE:CRM) news were published by: Investorplace.com which released: "Salesforce.com, Inc". Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider's stock worth $3,619,736,000 after buying an additional 1,956,427 shares during the last quarter. Salem Investment Counselors Inc. raised its position in salesforce.com, inc.by 2.6% in the first quarter. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider's stock worth $1,480,724,000 after buying an additional 649,445 shares during the period. Jennison Associates LLC raised its position in shares of salesforce.com, inc.by 3.2% in the third quarter. Janus Capital Management LLC now owns 8,844,260 shares of the CRM provider's stock worth $605,886,000 after buying an additional 1,727,696 shares in the last quarter.

Tekne Capital Management Limited Com stated it has 3.21% of its portfolio in salesforce.com, inc. (NYSE:CRM) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. (NYSE:CRM) reached all time high today, May, 19 and still has $90.89 target or 3.00 % above today's $88.24 share price. Cowen and Company restated an "outperform" rating and issued a $100.00 price target on shares of salesforce.com, inc.in a research note on Friday. Royal Bank of Canada restated an "outperform" rating and set a $102.00 price objective (up from $100.00) on shares of salesforce.com, inc.in a research report on Friday. It has been suggested as "Buy Opinions" from 18 and 0 issued "Sell Thoughts" for the stock.

Over the last 5 years, Salesforce.com, inc. has averaged a 69.50% YoY EPS growth rate and a 29.90% revenue growth rate.

Willingdon Wealth Management raised its position in salesforce.com, inc.by 1.3% in the third quarter. The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.

Demand for cloud-based services is soaring as companies look to take advantage of such offerings due to lower costs and high level of scalability.

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