salesforce.com, inc. (CRM) Insider Sells $205,072.50 in Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,850 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $110.85, for a total transaction of $205,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Parker Harris also recently made the following trade(s):

  • On Tuesday, January 9th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $109.00, for a total transaction of $201,650.00.
  • On Tuesday, November 14th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $105.96, for a total transaction of $850,434.96.
  • On Tuesday, November 7th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.58, for a total transaction of $823,307.08.
  • On Tuesday, October 31st, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.13, for a total transaction of $819,695.38.

Shares of salesforce.com, inc. (CRM) opened at $110.04 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. salesforce.com, inc. has a 52 week low of $75.08 and a 52 week high of $111.44. The stock has a market cap of $78,651.25, a P/E ratio of 11,004.00, a price-to-earnings-growth ratio of 10.17 and a beta of 1.24.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. salesforce.com’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. sell-side analysts predict that salesforce.com, inc. will post 0.43 EPS for the current year.

CRM has been the subject of a number of analyst reports. JMP Securities raised shares of salesforce.com to a “positive” rating in a research report on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating on shares of salesforce.com in a research report on Thursday, November 9th. BMO Capital Markets boosted their price objective on shares of salesforce.com from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Societe Generale set a $130.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Guggenheim initiated coverage on shares of salesforce.com in a research report on Monday, October 30th. They issued a “buy” rating and a $125.00 price objective for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and forty-three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $112.66.

Several hedge funds have recently made changes to their positions in CRM. People s United Financial Inc. boosted 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 valued at $127,000 after purchasing an additional 550 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of salesforce.com by 204.3% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after purchasing an additional 940 shares during the period. WFG Advisors LP boosted its stake in shares of salesforce.com by 130.2% in the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 1,039 shares during the period. Harfst & Associates Inc. boosted its stake in shares of salesforce.com by 10.5% in the second quarter. Harfst & Associates Inc. now owns 1,894 shares of the CRM provider’s stock valued at $164,000 after purchasing an additional 180 shares during the period. Finally, Laurel Wealth Advisors Inc. purchased a new position in shares of salesforce.com in the third quarter valued at $200,000. Institutional investors and hedge funds own 85.64% of the company’s stock.

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About salesforce.com

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.

Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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