Company profile

Ticker
CRM
Exchange
CEO
Marc Russell Benioff
Employees
Incorporated
Location
Fiscal year end
Former names
SALESFORCE COM INC
SEC CIK
IRS number
943320693

CRM stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors
1 long holdings
End of quarter 30 Jun 20
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$8.86M 376.33K 1.33M -71.7
2.78M EXIT
2.23M EXIT
Holdings list only includes long positions. Only includes long positions.

Calendar

28 Aug 20
31 Oct 20
31 Jan 21

News

Quarter (USD) Jul 20 Apr 20 Oct 19 Jul 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jan 20 Jan 19 Jan 18 Jan 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 237.51 100 23.75K 29,038,241
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 236.8733 600 142.12K 29,038,341
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 235.7943 1,167 275.17K 29,038,941
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 234.7982 1,100 258.28K 29,040,108
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 233.34 300 70K 29,041,208
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 232.2003 767 178.1K 29,041,508
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 231.2871 3,196 739.19K 29,042,275
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 230.3484 5,547 1.28M 29,045,471
30 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 229.5814 2,223 510.36K 29,051,018
29 Oct 20 Marc Benioff Common Stock Sell Dispose S Yes 242.1991 767 185.77K 29,053,241
80.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1611 1539 +4.7%
Opened positions 220 178 +23.6%
Closed positions 148 143 +3.5%
Increased positions 721 676 +6.7%
Reduced positions 505 527 -4.2%
13F shares
Current Prev Q Change
Total value 137.28B 105.06B +30.7%
Total shares 732.82M 730.49M +0.3%
Total puts 12.54M 13.05M -3.9%
Total calls 9.85M 10.97M -10.2%
Total put/call ratio 1.3 1.2 +7.1%
Largest owners
Shares Value Change
FMR 86.35M $16.18B -4.2%
Vanguard 71.23M $13.34B +1.9%
BLK BlackRock 64.8M $12.14B +2.2%
N Price T Rowe Associates 45.27M $8.48B +1.1%
STT State Street 36.43M $6.83B +2.6%
Jennison Associates 15.12M $2.83B -20.7%
Nuveen Asset Management 13.38M $2.51B -5.0%
Geode Capital Management 12.6M $2.36B +4.2%
NTRS Northern Trust 12.47M $2.34B +3.3%
BAC Bank of America 12.07M $2.26B +9.3%
Largest transactions
Shares Bought/sold Change
BNP Paribas Arbitrage 358.06K -4.08M -91.9%
Jennison Associates 15.12M -3.94M -20.7%
FMR 86.35M -3.81M -4.2%
Loomis Sayles & Co L P 10.61M +3.76M +54.8%
Lone Pine Capital 3.05M +3.05M NEW
Sands Capital Management 168.4K -2.38M -93.4%
Vulcan Value Partners 1.91M +1.91M NEW
JPM JPMorgan Chase & Co. 11.45M -1.68M -12.8%
Capital Research Global Investors 798.7K -1.64M -67.2%
Suvretta Capital Management 0 -1.57M EXIT

Financial report summary

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Risks
  • The effects of the COVID-19 pandemic and related public health measures have materially affected how we and our customers are operating our businesses, and have materially affected our operating results and cash flows; the duration and extent to which this will impact our future results of operations and cash flows remains uncertain.
  • If our security measures or those of our third-party data center hosting facilities, cloud computing platform providers or third-party service partners, or the underlying infrastructure of the Internet are breached, and unauthorized access is obtained to a customer’s data, our data or our IT systems, or authorized access is blocked or disabled, our services may be perceived as not being secure, customers may curtail or stop using our services, and we may incur significant reputational harm, legal exposure and liabilities, or a negative financial impact.
  • Defects or disruptions in our services could diminish demand for our services and subject us to substantial liability.
  • Any interruptions or delays in services from third parties, including data center hosting facilities, cloud computing platform providers and other hardware and software vendors, or from our inability to adequately plan for and manage service interruptions or infrastructure capacity requirements, could impair the delivery of our services and harm our business.
  • Privacy concerns and laws such as the California Consumer Privacy Act and the European Union’s General Data Protection Regulation, evolving regulation of cloud computing, cross-border data transfer restrictions and other domestic or foreign regulations may limit the use and adoption of our services and adversely affect our business.
  • Volatile and significantly weakened global economic conditions have in the past and may in the future adversely affect our industry, business and results of operations.
  • Our efforts to expand our services beyond the CRM market and to develop and integrate our existing services in order to keep pace with technological developments may not succeed and may reduce our revenue growth rate and harm our business.
  • As we acquire and invest in companies or technologies, we may not realize the expected business or financial benefits and the acquisitions could prove difficult to integrate, disrupt our business, dilute stockholder value and adversely affect our operating results and the market value of our common stock.
  • Industry-specific regulation and other requirements and standards are evolving and unfavorable industry-specific laws, regulations, interpretive positions or standards could harm our business.
  • Supporting our existing and growing customer base could strain our personnel resources and infrastructure, and if we are unable to scale our operations and increase productivity, we may not be able to successfully implement our business plan.
  • The market in which we participate is intensely competitive, and if we do not compete effectively, our operating results could be harmed.
  • Our continued success depends on our ability to maintain and enhance our brands.
  • Our ability to deliver our services is dependent on the development and maintenance of the infrastructure of the Internet by third parties.
  • We are subject to risks associated with our strategic investments, including partial or complete loss of invested capital. Significant changes in the fair value of this portfolio, including changes in the valuation of our investments in publicly traded and privately held companies, could negatively impact our financial results.
  • Our quarterly results are likely to fluctuate, which may cause the value of our common stock to decline substantially.
  • If we experience significant fluctuations in our rate of anticipated growth and fail to balance our expenses with our revenue forecasts, our business could be harmed and the market price of our common stock could decline.
  • Sales to customers outside the United States expose us to risks inherent in international operations.
  • Because we generally recognize revenue from subscriptions for our services over the term of the subscription, downturns or upturns in new business may not be immediately reflected in our operating results.
  • If our customers do not renew their subscriptions for our services or reduce the number of paying subscriptions at the time of renewal, our revenue and current remaining performance obligation could decline and our business may suffer. If we cannot accurately predict subscription renewals or upgrade rates, we may not meet our revenue targets, which may adversely affect the market price of our common stock.
  • If third-party developers and providers do not continue to embrace our technology delivery model and enterprise cloud computing services, or if our customers seek warranties from us for third-party applications, integrations, data and content, our business could be harmed.
  • We are exposed to fluctuations in currency exchange rates that have in the past and could in the future negatively impact our financial results and cash flows from changes in the value of the U.S. Dollar versus local currencies and the Euro versus the British Pound Sterling.
  • As more of our sales efforts are targeted at larger enterprise customers, our sales cycle may become more time-consuming and expensive, we may encounter pricing pressure and implementation and configuration challenges, and we may have to delay revenue recognition for some complex transactions, all of which could harm our business and operating results.
  • Social and ethical issues, including the use of AI in our offerings, may result in reputational harm and liability.
  • We have been and may in the future be sued by third parties for various claims, including alleged infringement of proprietary rights.
  • Any failure to protect our intellectual property rights could impair our ability to protect our proprietary technology and our brand, cause us to incur significant expenses and harm our business.
  • We may lose key members of our management team or development and operations personnel, and may be unable to attract and retain employees we need to support our operations and growth.
  • Any failure in our delivery of high-quality technical support services may adversely affect our relationships with our customers and our financial results.
  • Periodic changes to our sales organization can be disruptive and may reduce our rate of growth.
  • Unanticipated changes in our effective tax rate and additional tax liabilities and global tax developments may impact our financial results.
  • Our debt service obligations, lease commitments and other contractual obligations may adversely affect our financial condition and cash flows from operations.
  • Natural disasters and other events beyond our control have in the past and may in the future materially adversely affect us.
  • Climate change may have a long-term impact on our business.
  • Current and future accounting pronouncements and other financial and non-financial reporting standards may negatively impact our financial results.
  • We may be subject to risks related to government contracts and related procurement regulations.
  • We are subject to governmental export and import controls that could impair our ability to compete in international markets and may subject us to liability if we are not in full compliance with applicable laws.
  • The market price of our common stock is likely to be volatile and could subject us to litigation.
  • Provisions in our amended and restated certificate of incorporation and bylaws and Delaware law might discourage, delay or prevent a change of control of our company or changes in our management and, therefore, depress the market price of our common stock.
Management Discussion
  • •Revenue: Total second quarter revenue was $5.2 billion, an increase of 29 percent year-over-year.
  • •Earnings per Share: Second quarter diluted earnings per share was $2.85 as compared to diluted earnings per share of $0.11 from a year ago, and benefited by approximately $2.0 billion from the one-time discrete tax benefit resulting from the recognition of deferred tax assets related to an intra-entity transfer of intangible property and an unrealized gain of $617 million associated with the initial public offering of one of our strategic investments.
  • •Cash: Cash provided by operations for the second quarter was $429 million, a decrease of 2 percent year-over-year. Total cash, cash equivalents and marketable securities ended the second quarter at $9.3 billion.
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