Insider Selling: salesforce.com, inc. (CRM) CFO Sells 847 Shares of Stock

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salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 847 shares of salesforce.com stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $153.00, for a total value of $129,591.00. Following the transaction, the chief financial officer now owns 19,469 shares of the company’s stock, valued at $2,978,757. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NYSE CRM traded down $3.91 during trading on Friday, reaching $154.57. The company had a trading volume of 4,811,967 shares, compared to its average volume of 4,095,998. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The firm has a market capitalization of $119.52 billion, a PE ratio of 106.60, a price-to-earnings-growth ratio of 5.72 and a beta of 1.37. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the company posted $0.35 EPS. As a group, analysts forecast that salesforce.com, inc. will post 1.18 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Avondale Wealth Management boosted its position in shares of salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Citizens Financial Group Inc RI acquired a new position in salesforce.com during the 1st quarter worth approximately $27,000. Patriot Financial Group Insurance Agency LLC acquired a new position in salesforce.com during the 4th quarter worth approximately $28,000. CX Institutional raised its stake in salesforce.com by 426.5% during the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after buying an additional 145 shares during the period. Finally, Arcadia Investment Management Corp MI raised its stake in salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 83.13% of the company’s stock.

Several analysts recently weighed in on the company. TheStreet raised salesforce.com from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Bank of America reissued a “buy” rating and set a $200.00 price target (up previously from $181.00) on shares of salesforce.com in a report on Wednesday, February 27th. Goldman Sachs Group reissued a “buy” rating and set a $178.00 price target on shares of salesforce.com in a report on Monday, March 4th. JPMorgan Chase & Co. boosted their price target on salesforce.com to $180.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $185.00 price target (up previously from $175.00) on shares of salesforce.com in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $177.82.

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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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