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.
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 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.
COPYRIGHT VIOLATION WARNING: This piece of content was reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3334824/insider-selling-salesforce-com-crm-general-counsel-sells-1400-shares-of-stock.html.
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.
Receive News & Ratings for Salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.