Insider Selling: salesforce.com, inc. (CRM) Insider Sells 6,330 Shares of Stock

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salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 6,330 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $156.39, for a total transaction of $989,948.70. Following the completion of the transaction, the insider now owns 33,882 shares in the company, valued at approximately $5,298,805.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, May 7th, Parker Harris sold 6,330 shares of salesforce.com stock. The shares were sold at an average price of $157.43, for a total transaction of $996,531.90.
  • On Tuesday, April 16th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $159.46, for a total transaction of $1,009,541.26.
  • On Tuesday, April 9th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $157.36, for a total transaction of $996,246.16.
  • On Tuesday, March 12th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $158.33, for a total transaction of $1,002,387.23.
  • On Tuesday, February 19th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $160.72, for a total transaction of $1,017,518.32.

salesforce.com stock traded up $0.66 during midday trading on Thursday, reaching $158.73. 2,868,657 shares of the company traded hands, compared to its average volume of 5,176,204. The company has a market cap of $118.04 billion, a price-to-earnings ratio of 109.47, a price-to-earnings-growth ratio of 5.65 and a beta of 1.37. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Sell-side analysts expect that salesforce.com, inc. will post 1.18 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Bremer Trust National Association lifted its position in salesforce.com by 0.4% during the fourth quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock valued at $2,455,000 after purchasing an additional 66 shares during the period. Highland Private Wealth Management increased its holdings in salesforce.com by 3.3% during the fourth quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock valued at $291,000 after buying an additional 68 shares during the last quarter. Asset Dedication LLC increased its holdings in salesforce.com by 45.3% during the first quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock valued at $35,000 after buying an additional 68 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in salesforce.com by 63.0% during the first quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after buying an additional 68 shares during the last quarter. Finally, Mycio Wealth Partners LLC increased its holdings in salesforce.com by 2.5% during the fourth quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after buying an additional 70 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.

A number of equities analysts have issued reports on CRM shares. Stephens started coverage on shares of salesforce.com in a research report on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price objective on the stock. TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Bank of America restated a “buy” rating and issued a $200.00 price objective (up previously from $181.00) on shares of salesforce.com in a research report on Wednesday, February 27th. Goldman Sachs Group restated a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a research report on Monday, March 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of salesforce.com to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $177.82.

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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.

See Also: How Investors Use a Balance Sheet

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

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