What Did This CEO Just Do with Personal Shares of Salesforce.com (CRM)?
Today, the Chairman of the Board & co-CEO of Salesforce.com (NYSE: CRM), Marc Benioff, sold shares of CRM for $769.7K.
Following Marc Benioff’s last CRM Sell transaction on September 14, 2016, the stock climbed by 81.6%. In addition to Marc Benioff, 3 other CRM executives reported Sell trades in the last month.
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Based on Salesforce.com’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $3.28 billion and quarterly net profit of $299 million. In comparison, last year the company earned revenue of $2.56 billion and had a net profit of $17.74 million. Currently, Salesforce.com has an average volume of 5.18M. The Company has a Price to Book ratio of 8.6907.
Based on 28 analyst ratings, the analyst consensus is Strong Buy with an average price target of $169.04, reflecting a 8.8% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy CRM with a $170 price target.
The insider sentiment on Salesforce.com has been negative according to 457 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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