Salesforce.com Inc (NYSE:CRM) insider Amy E. Weaver sold 681 shares of Salesforce.com stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $98.75, for a total transaction of $67,248.75. Following the completion of the transaction, the insider now directly owns 1,517 shares in the company, valued at $149,803.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Salesforce.com Inc (NYSE:CRM) opened at 98.66 on Wednesday. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $99.44. The firm’s 50-day moving average is $95.75 and its 200-day moving average is $90.61. The firm’s market capitalization is $70.91 billion.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, equities analysts expect that Salesforce.com Inc will post $1.32 earnings per share for the current year.
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Several research firms recently commented on CRM. Stephens restated an “overweight” rating and set a $107.00 price target (up from $100.00) on shares of Salesforce.com in a report on Thursday, August 31st. Zacks Investment Research cut shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Vetr cut shares of Salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target for the company. in a report on Wednesday, October 11th. Moffett Nathanson began coverage on shares of Salesforce.com in a report on Wednesday, September 6th. They set a “buy” rating and a $125.00 price target for the company. Finally, BNP Paribas restated a “buy” rating and set a $95.00 price target on shares of Salesforce.com in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $102.75.
Several hedge funds have recently made changes to their positions in the company. Capital Analysts LLC lifted its stake in shares of Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after acquiring an additional 156 shares during the period. Peddock Capital Advisors LLC lifted its stake in shares of Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after acquiring an additional 1,350 shares during the period. People s United Financial Inc. lifted its stake in shares of Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after acquiring an additional 550 shares during the period. Shine Investment Advisory Services Inc. acquired a new position in shares of Salesforce.com in the second quarter worth approximately $130,000. Finally, Harfst & Associates Inc. acquired a new position in shares of Salesforce.com in the first quarter worth approximately $141,000. 86.12% of the stock is currently owned by hedge funds and other institutional investors.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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