Salesforce.com Inc (NYSE:CRM) insider Alexandre Dayon sold 8,477 shares of Salesforce.com stock in a transaction on Friday, October 27th. The shares were sold at an average price of $100.92, for a total value of $855,498.84. Following the completion of the sale, the insider now directly owns 38,552 shares of the company’s stock, valued at $3,890,667.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Alexandre Dayon also recently made the following trade(s):
- On Friday, October 20th, Alexandre Dayon sold 124,331 shares of Salesforce.com stock. The stock was sold at an average price of $99.00, for a total value of $12,308,769.00.
Salesforce.com Inc (NYSE CRM) opened at 100.70 on Tuesday. The stock’s market capitalization is $72.37 billion. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $101.98. The company has a 50 day moving average price of $96.19 and a 200 day moving average price of $91.09.
Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company posted $0.24 EPS. Salesforce.com’s revenue was up 25.7% on a year-over-year basis. Equities research analysts predict that Salesforce.com Inc will post $1.32 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. grew its holdings in shares of Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after acquiring an additional 18 shares in the last quarter. First Personal Financial Services grew its holdings in shares of Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock valued at $142,000 after acquiring an additional 25 shares in the last quarter. Appropriate Balance Financial Services Inc. grew its holdings in shares of Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after acquiring an additional 33 shares in the last quarter. Boston Private Wealth LLC grew its holdings in shares of Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock valued at $1,092,000 after acquiring an additional 38 shares in the last quarter. Finally, Boltwood Capital Management grew its holdings in shares of Salesforce.com by 0.4% during the 2nd quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock valued at $1,182,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.
Several research analysts recently commented on the company. Guggenheim assumed coverage on Salesforce.com in a research note on Monday. They set a “buy” rating for the company. Jefferies Group LLC reissued a “hold” rating and set a $84.00 target price on shares of Salesforce.com in a research note on Sunday. Royal Bank Of Canada reissued a “buy” rating and set a $109.00 target price on shares of Salesforce.com in a research note on Friday, October 20th. Vetr raised Salesforce.com from a “strong sell” rating to a “sell” rating and set a $90.51 target price for the company in a research note on Friday, October 13th. Finally, JMP Securities raised Salesforce.com to a “positive” rating in a research note on Friday, October 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $102.75.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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