Insider Selling: salesforce.com, inc. (CRM) CFO Sells 846 Shares of Stock

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salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 846 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $146.89, for a total transaction of $124,268.94. Following the completion of the transaction, the chief financial officer now owns 23,501 shares in the company, valued at approximately $3,452,061.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CRM stock opened at $147.55 on Friday. salesforce.com, inc. has a twelve month low of $102.37 and a twelve month high of $161.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $111.68 billion, a PE ratio of 327.89, a P/E/G ratio of 4.59 and a beta of 1.28.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The business had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter last year, the company earned $0.39 earnings per share. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, analysts anticipate that salesforce.com, inc. will post 1.32 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after purchasing an additional 3,066,099 shares during the last quarter. Commonwealth Bank of Australia lifted its stake in salesforce.com by 6.6% during the second quarter. Commonwealth Bank of Australia now owns 7,015 shares of the CRM provider’s stock worth $955,000 after purchasing an additional 437 shares during the last quarter. BB&T Securities LLC lifted its stake in salesforce.com by 13.2% during the second quarter. BB&T Securities LLC now owns 22,420 shares of the CRM provider’s stock worth $3,058,000 after purchasing an additional 2,621 shares during the last quarter. OLD Mission Capital LLC bought a new position in salesforce.com during the second quarter worth $300,000. Finally, Flagship Harbor Advisors LLC lifted its stake in salesforce.com by 51.3% during the second quarter. Flagship Harbor Advisors LLC now owns 3,462 shares of the CRM provider’s stock worth $472,000 after purchasing an additional 1,174 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on CRM shares. TheStreet lowered shares of salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. ValuEngine upgraded shares of salesforce.com from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Royal Bank of Canada restated a “buy” rating and issued a $182.00 price target on shares of salesforce.com in a report on Wednesday, November 28th. Zacks Investment Research reaffirmed a “hold” rating on shares of salesforce.com in a research report on Monday, November 12th. Finally, Robert W. Baird increased their price objective on shares of salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Friday, September 28th. Three equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company. salesforce.com currently has a consensus rating of “Buy” and an average target price of $170.05.

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salesforce.com Company Profile

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.

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

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