salesforce.com, inc. (NYSE:CRM) Insider Amy E. Weaver Sells 5,800 Shares

salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $253.16, for a total transaction of $1,468,328.00. Following the sale, the insider now owns 26,064 shares in the company, valued at $6,598,362.24. The sale was disclosed in a filing with the SEC, which is available at this link.

salesforce.com stock traded up $2.13 during mid-day trading on Thursday, reaching $253.45. The company’s stock had a trading volume of 4,279,893 shares, compared to its average volume of 7,287,772. The firm has a market cap of $230.64 billion, a price-to-earnings ratio of 99.00, a PEG ratio of 7.07 and a beta of 1.24. The business has a 50 day moving average price of $238.67 and a 200-day moving average price of $189.08. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. salesforce.com, inc. has a twelve month low of $115.29 and a twelve month high of $284.50.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 25th. The CRM provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.77. The company had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.90 billion. salesforce.com had a return on equity of 3.99% and a net margin of 12.21%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. On average, equities analysts expect that salesforce.com, inc. will post 1.91 EPS for the current fiscal year.

Several analysts have recently issued reports on the stock. Truist upped their target price on shares of salesforce.com from $210.00 to $287.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Bank of America set a $280.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Tuesday, September 1st. Loop Capital upped their price target on shares of salesforce.com from $150.00 to $160.00 and gave the company a “sell” rating in a report on Wednesday, August 26th. Wedbush upped their target price on shares of salesforce.com from $250.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, Monness Crespi & Hardt upped their target price on shares of salesforce.com from $195.00 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $243.60.

A number of institutional investors have recently modified their holdings of the business. Private Trust Co. NA raised its position in salesforce.com by 42.9% in the third quarter. Private Trust Co. NA now owns 11,441 shares of the CRM provider’s stock worth $2,875,000 after acquiring an additional 3,436 shares in the last quarter. Modus Advisors LLC increased its stake in salesforce.com by 283.1% in the 3rd quarter. Modus Advisors LLC now owns 4,363 shares of the CRM provider’s stock worth $1,097,000 after purchasing an additional 3,224 shares in the last quarter. Neville Rodie & Shaw Inc. increased its stake in salesforce.com by 2.5% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 46,851 shares of the CRM provider’s stock worth $11,775,000 after purchasing an additional 1,125 shares in the last quarter. Atria Investments LLC increased its stake in salesforce.com by 100.4% in the 2nd quarter. Atria Investments LLC now owns 48,857 shares of the CRM provider’s stock worth $9,152,000 after purchasing an additional 24,477 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new position in salesforce.com in the 2nd quarter worth about $30,000. Hedge funds and other institutional investors own 81.40% 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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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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