Insider Buying: salesforce.com, inc. (CRM) Director Buys 1,209 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki bought 1,209 shares of salesforce.com, inc. stock in a transaction on Monday, April 3rd. The shares were purchased at an average cost of $82.70 per share, with a total value of $99,984.30. Following the acquisition, the director now directly owns 26,763 shares of the company’s stock, valued at $2,213,300.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Susan Wojcicki also recently made the following trade(s):

  • On Monday, March 6th, Susan Wojcicki purchased 1,224 shares of salesforce.com, inc. stock. The stock was bought at an average price of $81.68 per share, with a total value of $99,976.32.
  • On Monday, February 6th, Susan Wojcicki purchased 1,256 shares of salesforce.com, inc. stock. The stock was bought at an average price of $79.61 per share, with a total value of $99,990.16.
  • On Monday, January 9th, Susan Wojcicki purchased 1,353 shares of salesforce.com, inc. stock. The stock was bought at an average price of $73.86 per share, with a total value of $99,932.58.

salesforce.com, inc. (NYSE:CRM) opened at 84.05 on Friday. The firm has a market capitalization of $59.46 billion, a P/E ratio of 323.27 and a beta of 1.42. salesforce.com, inc. has a 12 month low of $66.43 and a 12 month high of $86.42. The company’s 50 day moving average price is $83.10 and its 200 day moving average price is $76.92.

salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings results on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.23. The firm earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The firm’s revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Analysts anticipate that salesforce.com, inc. will post $1.29 EPS for the current year.

Insider Buying and Selling by Quarter for salesforce.com, inc. (NYSE:CRM)

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A number of large investors have recently added to or reduced their stakes in the company. Schmidt P J Investment Management Inc. increased its stake in salesforce.com, inc. by 1.5% in the third quarter. Schmidt P J Investment Management Inc. now owns 3,340 shares of the CRM provider’s stock worth $238,000 after buying an additional 50 shares during the last quarter. Winslow Evans & Crocker Inc. increased its stake in salesforce.com, inc. by 129.6% in the third quarter. Winslow Evans & Crocker Inc. now owns 5,750 shares of the CRM provider’s stock worth $410,000 after buying an additional 3,246 shares during the last quarter. Trust Co. of Vermont increased its stake in salesforce.com, inc. by 115.0% in the third quarter. Trust Co. of Vermont now owns 4,162 shares of the CRM provider’s stock worth $297,000 after buying an additional 2,226 shares during the last quarter. Standard Life Investments LTD increased its stake in salesforce.com, inc. by 26.0% in the third quarter. Standard Life Investments LTD now owns 2,757,546 shares of the CRM provider’s stock worth $196,682,000 after buying an additional 568,854 shares during the last quarter. Finally, Dowling & Yahnke LLC increased its stake in salesforce.com, inc. by 3.6% in the third quarter. Dowling & Yahnke LLC now owns 21,596 shares of the CRM provider’s stock worth $1,540,000 after buying an additional 750 shares during the last quarter. Institutional investors own 83.13% of the company’s stock.

Several brokerages recently weighed in on CRM. Cowen and Company reiterated an “outperform” rating and issued a $100.00 price objective on shares of salesforce.com, inc. in a research report on Wednesday, March 8th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $95.00 price objective on shares of salesforce.com, inc. in a research report on Friday, March 3rd. Vetr lowered salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 price objective for the company. in a research report on Wednesday, March 1st. Societe Generale set a $98.00 price objective on salesforce.com, inc. and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Finally, Deutsche Bank AG reiterated a “buy” rating and issued a $90.00 price objective on shares of salesforce.com, inc. in a research report on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company. salesforce.com, inc. currently has a consensus rating of “Buy” and a consensus target price of $94.02.

salesforce.com, inc. Company Profile

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.

5 Day Chart for NYSE:CRM

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