salesforce.com, inc. (NYSE:CRM) Insider Sells $95,077.00 in Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $153.35, for a total transaction of $95,077.00. Following the sale, the insider now directly owns 30,092 shares of the company’s stock, valued at approximately $4,614,608.20. The sale 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, June 11th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $151.38, for a total transaction of $93,855.60.
  • On Tuesday, June 4th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $147.30, for a total transaction of $91,326.00.
  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $156.09, for a total transaction of $96,775.80.
  • On Tuesday, May 14th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $156.39, for a total transaction of $989,948.70.
  • On Tuesday, May 7th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $157.43, for a total transaction of $996,531.90.
  • On Tuesday, April 16th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $159.46, for a total transaction of $1,009,541.26.

Shares of NYSE:CRM opened at $158.90 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $153.58. 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 $121.27 billion, a PE ratio of 100.17, a PEG ratio of 5.74 and a beta of 1.28.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, beating the 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 business had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the business earned $0.74 EPS. The business’s revenue was up 24.3% on a year-over-year basis. Equities research analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current year.

CRM has been the topic of a number of recent research reports. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. OTR Global cut salesforce.com to a “positive” rating in a report on Wednesday, May 15th. UBS Group set a $210.00 target price on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. Barclays reiterated a “hold” rating on shares of Bank of Montreal in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. upgraded ROYAL MAIL PLC/ADR from an “underweight” rating to a “neutral” rating in a report on Monday, June 3rd. Three investment analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $179.97.

A number of large investors have recently modified their holdings of CRM. Avondale Wealth Management raised its stake in shares of salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 80 shares during the period. Citizens Financial Group Inc RI bought a new stake in shares of salesforce.com during the 1st quarter worth $27,000. CX Institutional raised its stake in shares of salesforce.com by 426.5% during the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares during the period. Arcadia Investment Management Corp MI raised its stake in shares of salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 68 shares during the period. Finally, Avestar Capital LLC raised its stake in shares of salesforce.com by 108.7% during the 1st quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 81.53% of the company’s stock.

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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