Insider Selling: salesforce.com, inc. (CRM) Director Sells 129 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 129 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $110.23, for a total transaction of $14,219.67. Following the completion of the sale, the director now directly owns 14,722 shares in the company, valued at $1,622,806.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John Victor Roos also recently made the following trade(s):

  • On Thursday, January 11th, John Victor Roos sold 129 shares of salesforce.com stock. The shares were sold at an average price of $108.92, for a total transaction of $14,050.68.
  • On Thursday, January 4th, John Victor Roos sold 129 shares of salesforce.com stock. The shares were sold at an average price of $106.00, for a total transaction of $13,674.00.
  • On Thursday, December 28th, John Victor Roos sold 129 shares of salesforce.com stock. The shares were sold at an average price of $102.64, for a total transaction of $13,240.56.
  • On Thursday, December 21st, John Victor Roos sold 129 shares of salesforce.com stock. The shares were sold at an average price of $103.85, for a total transaction of $13,396.65.

salesforce.com, inc. (CRM) traded up $1.73 during trading on Thursday, hitting $111.77. 3,840,000 shares of the company’s stock were exchanged, compared to its average volume of 4,120,000. salesforce.com, inc. has a 12-month low of $75.08 and a 12-month high of $112.17. The company has a market capitalization of $80,730.00, a price-to-earnings ratio of 11,177.00, a price-to-earnings-growth ratio of 10.17 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

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

A number of equities research analysts have recently commented on CRM shares. BMO Capital Markets upped their price objective on shares of salesforce.com from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of salesforce.com in a research note on Thursday, November 9th. Vetr lowered shares of salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price objective on the stock. in a research note on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and issued a $108.00 price objective on shares of salesforce.com in a research note on Wednesday, November 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $127.00 price objective (up from $107.00) on shares of salesforce.com in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have given a buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and an average price target of $112.86.

Several hedge funds have recently made changes to their positions in CRM. ProShare Advisors LLC raised its holdings in shares of salesforce.com by 12.5% in the second quarter. ProShare Advisors LLC now owns 75,165 shares of the CRM provider’s stock valued at $6,509,000 after purchasing an additional 8,337 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of salesforce.com by 0.6% in the second quarter. PNC Financial Services Group Inc. now owns 170,251 shares of the CRM provider’s stock valued at $14,743,000 after purchasing an additional 998 shares during the last quarter. Rafferty Asset Management LLC purchased a new stake in shares of salesforce.com in the second quarter valued at about $1,252,000. Van ECK Associates Corp raised its holdings in shares of salesforce.com by 3.2% in the second quarter. Van ECK Associates Corp now owns 346,753 shares of the CRM provider’s stock valued at $30,029,000 after purchasing an additional 10,773 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of salesforce.com by 2.4% in the second quarter. D.A. Davidson & CO. now owns 6,807 shares of the CRM provider’s stock valued at $589,000 after purchasing an additional 160 shares during the last quarter. Institutional investors 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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