Mark J. Hawkins Sells 87,774 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 87,774 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $160.14, for a total transaction of $14,056,128.36. Following the completion of the transaction, the chief financial officer now directly owns 42,780 shares in the company, valued at approximately $6,850,789.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

salesforce.com stock opened at $161.57 on Wednesday. The company has a 50 day moving average of $157.11 and a 200-day moving average of $153.41. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. salesforce.com, inc. has a twelve month low of $120.16 and a twelve month high of $167.56. The stock has a market capitalization of $142.85 billion, a PE ratio of 111.43, a price-to-earnings-growth ratio of 7.00 and a beta of 1.24.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period last year, the business posted $0.61 earnings per share. Equities analysts anticipate that salesforce.com, inc. will post 1.24 EPS for the current fiscal year.

Several equities analysts recently weighed in on CRM shares. ValuEngine lowered shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wedbush reiterated an “outperform” rating and set a $192.00 target price on shares of salesforce.com in a research report on Thursday, November 21st. SunTrust Banks set a $189.00 price target on salesforce.com and gave the company a “buy” rating in a research note on Wednesday, August 21st. JPMorgan Chase & Co. set a $200.00 price target on salesforce.com and gave the stock a “buy” rating in a research report on Wednesday. Finally, FBN Securities set a $200.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Three analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com has a consensus rating of “Buy” and a consensus price target of $188.22.

A number of hedge funds have recently added to or reduced their stakes in the business. Investors Research Corp raised its position in salesforce.com by 159.1% in the 3rd quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after buying an additional 105 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of salesforce.com during the 2nd quarter worth approximately $26,000. Personal Wealth Partners acquired a new stake in shares of salesforce.com in the second quarter valued at approximately $28,000. Acima Private Wealth LLC raised its holdings in shares of salesforce.com by 250.0% in the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 135 shares during the last quarter. Finally, Enterprise Trust & Investment Co raised its holdings in shares of salesforce.com by 234.4% in the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 81.32% of the company’s stock.

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.

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