Insider Selling: salesforce.com, inc. (CRM) Insider Sells 6,331 Shares of Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 6,331 shares of the stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $159.46, for a total value of $1,009,541.26. Following the completion of the transaction, the insider now owns 33,883 shares of the company’s stock, valued at approximately $5,402,983.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, April 9th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $157.36, for a total value of $996,246.16.
  • On Tuesday, March 12th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $158.33, for a total value of $1,002,387.23.
  • On Tuesday, February 19th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $160.72, for a total value of $1,017,518.32.
  • On Tuesday, February 12th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $162.35, for a total value of $927,180.85.
  • On Tuesday, January 29th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $145.80, for a total value of $923,059.80.

Shares of salesforce.com stock opened at $158.69 on Wednesday. The stock has a market cap of $123.39 billion, a PE ratio of 109.44, a PEG ratio of 5.34 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $166.99.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same period in the previous year, the company earned $0.35 EPS. Equities analysts expect that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Bremer Trust National Association raised its stake in shares of salesforce.com by 0.4% in the 4th quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock valued at $2,455,000 after acquiring an additional 66 shares in the last quarter. Highland Private Wealth Management raised its stake in shares of salesforce.com by 3.3% in the 4th quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock valued at $291,000 after acquiring an additional 68 shares in the last quarter. Mycio Wealth Partners LLC raised its stake in shares of salesforce.com by 2.5% in the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after acquiring an additional 70 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of salesforce.com by 1.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,983 shares of the CRM provider’s stock valued at $546,000 after acquiring an additional 72 shares in the last quarter. Finally, Townsend & Associates Inc raised its stake in shares of salesforce.com by 0.9% in the 1st quarter. Townsend & Associates Inc now owns 8,377 shares of the CRM provider’s stock valued at $1,327,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds own 83.02% of the company’s stock.

A number of equities analysts recently weighed in on CRM shares. ValuEngine upgraded salesforce.com from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Pivotal Research upgraded salesforce.com from a “hold” rating to a “buy” rating and increased their price target for the company from $140.00 to $164.00 in a research report on Monday, January 7th. Wedbush reiterated an “outperform” rating and issued a $166.00 price target on shares of salesforce.com in a research report on Monday, January 7th. Atlantic Securities started coverage on salesforce.com in a research report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price target for the company. Finally, Stephens started coverage on salesforce.com in a research report on Wednesday, January 16th. They issued an “overweight” rating and a $183.00 price target for the company. Three research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $177.82.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: salesforce.com, inc. (CRM) Insider Sells 6,331 Shares of Stock” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.com-unik.info/2019/04/17/insider-selling-salesforce-com-inc-crm-insider-sells-6331-shares-of-stock.html.

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.

Featured Story: What is the outlook for the FAANG stocks?

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


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