Insider Selling: Salesforce.com (CRM) General Counsel Sells 1,400 Shares of Stock

Salesforce.com (NYSE:CRM) General Counsel Amy E. Weaver sold 1,400 shares of Salesforce.com stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $116.18, for a total transaction of $162,652.00. Following the completion of the sale, the general counsel now owns 19,928 shares in the company, valued at $2,315,235.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

CRM stock opened at $119.04 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The company has a market cap of $86,300.41, a P/E ratio of 264.53, a P/E/G ratio of 5.24 and a beta of 1.23. Salesforce.com has a 52 week low of $83.00 and a 52 week high of $128.87.

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Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company posted $0.28 earnings per share. analysts anticipate that Salesforce.com will post 0.94 earnings per share for the current year.

Several analysts recently weighed in on CRM shares. Citigroup lifted their price objective on shares of Salesforce.com from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Vetr downgraded shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a research report on Monday, December 11th. Stifel Nicolaus lifted their price objective on shares of Salesforce.com from $120.00 to $142.00 and gave the company a “buy” rating in a research report on Thursday, March 1st. Cowen lifted their price objective on shares of Salesforce.com from $118.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of Salesforce.com in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-five have given a buy rating to the company. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $124.28.

Several hedge funds have recently bought and sold shares of CRM. Egerton Capital UK LLP acquired a new stake in Salesforce.com in the fourth quarter valued at approximately $294,547,000. Arrowstreet Capital Limited Partnership lifted its stake in Salesforce.com by 323.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock valued at $364,846,000 after acquiring an additional 2,725,972 shares during the last quarter. Tybourne Capital Management HK Ltd. lifted its stake in Salesforce.com by 27.8% in the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after acquiring an additional 945,000 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Salesforce.com in the fourth quarter valued at approximately $83,414,000. Finally, Janus Henderson Group PLC lifted its stake in Salesforce.com by 5.3% in the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after acquiring an additional 675,471 shares during the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

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About Salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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

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