Insider Selling: salesforce.com, inc. (CRM) Insider Sells 1,850 Shares of Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,850 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $109.00, for a total transaction of $201,650.00. Following the completion of the sale, the insider now owns 16,014 shares of the company’s stock, valued at approximately $1,745,526. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, November 14th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $105.96, for a total transaction of $850,434.96.
  • On Tuesday, November 7th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.58, for a total transaction of $823,307.08.
  • On Tuesday, October 31st, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.13, for a total transaction of $819,695.38.
  • On Tuesday, October 17th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $96.44, for a total transaction of $774,027.44.

salesforce.com, inc. (CRM) opened at $109.10 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a market cap of $78,800.00, a price-to-earnings ratio of 10,910.00, a P/E/G ratio of 10.09 and a beta of 1.24. salesforce.com, inc. has a 1-year low of $74.00 and a 1-year high of $109.49.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 EPS. research analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on CRM shares. Piper Jaffray Companies reiterated a “buy” rating on shares of salesforce.com in a research report on Tuesday, September 26th. Robert W. Baird set a $110.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Sunday, October 1st. Cowen reiterated an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of salesforce.com in a research report on Tuesday, October 3rd. JMP Securities upgraded shares of salesforce.com to a “positive” rating in a research report on Friday, October 6th. Finally, Vetr downgraded shares of salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target for the company. in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $112.66.

Large investors have recently bought and sold shares of the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of salesforce.com by 204.3% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after acquiring an additional 940 shares in the last quarter. People s United Financial Inc. lifted its holdings in shares of salesforce.com by 60.1% during the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after acquiring an additional 550 shares in the last quarter. WFG Advisors LP lifted its holdings in shares of salesforce.com by 130.2% during the 2nd quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock valued at $159,000 after acquiring an additional 1,039 shares in the last quarter. Harfst & Associates Inc. lifted its holdings in shares of salesforce.com by 10.5% during the 2nd quarter. Harfst & Associates Inc. now owns 1,894 shares of the CRM provider’s stock valued at $164,000 after acquiring an additional 180 shares in the last quarter. Finally, Moon Capital Management LLC acquired a new position in shares of salesforce.com during the 4th quarter valued at $204,000. Institutional investors and hedge funds own 85.57% of the company’s stock.

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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.

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

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