Insider Selling: salesforce.com, inc. (CRM) Director Sells 129 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 129 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $110.10, for a total value of $14,202.90. Following the completion of the transaction, the director now directly owns 14,335 shares of the company’s stock, valued at approximately $1,578,283.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

John Victor Roos also recently made the following trade(s):

  • On Thursday, February 1st, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $113.30, for a total value of $14,615.70.
  • On Thursday, January 25th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $113.23, for a total value of $14,606.67.
  • On Thursday, January 18th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $110.23, for a total value of $14,219.67.
  • On Thursday, January 11th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $108.92, for a total value of $14,050.68.
  • On Thursday, January 4th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $106.00, for a total value of $13,674.00.
  • On Thursday, December 28th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $102.64, for a total value of $13,240.56.
  • On Thursday, December 21st, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $103.85, for a total value of $13,396.65.

salesforce.com, inc. (NYSE:CRM) traded down $6.00 on Thursday, hitting $104.03. The stock had a trading volume of 6,800,000 shares, compared to its average volume of 3,930,000. The company has a market capitalization of $75,140.00, a PE ratio of 10,403.00, a price-to-earnings-growth ratio of 6.07 and a beta of 1.32. salesforce.com, inc. has a 1 year low of $79.63 and a 1 year high of $114.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82.

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

A number of equities analysts have recently weighed in on CRM shares. Vetr lowered salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective for the company. in a research note on Monday, December 11th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $115.00 price objective on shares of salesforce.com in a research note on Wednesday, November 1st. Cowen reiterated a “buy” rating and issued a $118.00 target price on shares of salesforce.com in a research report on Tuesday, November 21st. Oppenheimer reiterated a “buy” rating and issued a $125.00 target price (up from $100.00) on shares of salesforce.com in a research report on Wednesday, November 22nd. Finally, UBS Group set a $135.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have issued a buy rating to the company’s stock. salesforce.com has a consensus rating of “Buy” and a consensus price target of $113.62.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Egerton Capital UK LLP bought a new position in shares of salesforce.com during the fourth quarter valued at approximately $294,547,000. Assenagon Asset Management S.A. bought a new position in shares of salesforce.com during the fourth quarter valued at approximately $83,414,000. Janus Henderson Group PLC grew its stake in shares of salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after buying an additional 675,471 shares during the last quarter. Suvretta Capital Management LLC grew its stake in shares of salesforce.com by 34.8% during the third quarter. Suvretta Capital Management LLC now owns 2,401,470 shares of the CRM provider’s stock valued at $224,345,000 after buying an additional 619,520 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of salesforce.com by 557.2% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 709,155 shares of the CRM provider’s stock valued at $66,249,000 after buying an additional 601,242 shares during the last quarter. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Insider Selling: salesforce.com, inc. (CRM) Director Sells 129 Shares of Stock” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/08/insider-selling-salesforce-com-inc-crm-director-sells-129-shares-of-stock-2.html.

About salesforce.com

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)

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit