salesforce.com, inc. (NYSE:CRM) Insider Sells $89,056.80 in Stock

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salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $143.64, for a total value of $89,056.80. Following the completion of the transaction, the insider now directly owns 30,092 shares in the company, valued at approximately $4,322,414.88. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, August 6th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $143.18, for a total value of $88,771.60.
  • On Tuesday, July 30th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $157.06, for a total value of $97,377.20.
  • On Tuesday, July 9th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $153.35, for a total value of $95,077.00.
  • On Tuesday, June 11th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $151.38, for a total value of $93,855.60.
  • On Tuesday, June 4th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $147.30, for a total value of $91,326.00.
  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $156.09, for a total value of $96,775.80.

Shares of NYSE CRM opened at $142.13 on Friday. The stock’s 50-day moving average is $152.52 and its two-hundred day moving average is $156.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $167.56. The company has a market cap of $111.65 billion, a price-to-earnings ratio of 98.02, a price-to-earnings-growth ratio of 5.29 and a beta of 1.27.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the business earned $0.74 EPS. salesforce.com’s revenue was up 24.3% on a year-over-year basis. Equities research analysts anticipate that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Asset Dedication LLC increased its holdings in shares of salesforce.com by 45.3% in the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock valued at $35,000 after acquiring an additional 68 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of salesforce.com by 63.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 68 shares during the last quarter. Fagan Associates Inc. increased its holdings in shares of salesforce.com by 1.2% in the 1st quarter. Fagan Associates Inc. now owns 5,760 shares of the CRM provider’s stock valued at $912,000 after acquiring an additional 70 shares during the last quarter. Savant Capital LLC increased its holdings in shares of salesforce.com by 2.3% in the 1st quarter. Savant Capital LLC now owns 3,123 shares of the CRM provider’s stock valued at $495,000 after acquiring an additional 70 shares during the last quarter. Finally, Allred Capital Management LLC increased its holdings in shares of salesforce.com by 1.6% in the 2nd quarter. Allred Capital Management LLC now owns 4,494 shares of the CRM provider’s stock valued at $692,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 82.05% of the company’s stock.

Several equities analysts have recently commented on CRM shares. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $200.00 price target (up previously from $195.00) on shares of salesforce.com in a research note on Wednesday, June 5th. Jefferies Financial Group reiterated a “buy” rating and issued a $165.00 price objective on shares of salesforce.com in a report on Friday, August 9th. They noted that the move was a valuation call. Nomura reiterated a “buy” rating and issued a $180.00 price objective on shares of salesforce.com in a report on Tuesday. Royal Bank of Canada reiterated a “buy” rating and issued a $181.00 price objective on shares of salesforce.com in a report on Monday, June 17th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and issued a $169.00 price objective on shares of salesforce.com in a report on Tuesday, June 11th. Four research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $180.00.

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.

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

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