salesforce.com, inc. (CRM) Insider Parker Harris Sells 1,850 Shares

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,850 shares of salesforce.com stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $110.85, for a total value of $205,072.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Tuesday, January 9th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $109.00, for a total value of $201,650.00.
  • On Tuesday, November 14th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $105.96, for a total value of $850,434.96.
  • On Tuesday, November 7th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.58, for a total value of $823,307.08.
  • On Tuesday, October 31st, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.13, for a total value of $819,695.38.

salesforce.com, inc. (NYSE:CRM) opened at $108.89 on Wednesday. salesforce.com, inc. has a 1-year low of $74.37 and a 1-year high of $111.44. The company has a market capitalization of $78,650.00, a P/E ratio of 10,889.00, a PEG ratio of 10.29 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the company earned $0.24 earnings per share. The company’s quarterly revenue was up 25.0% compared to the same quarter last year. equities research analysts anticipate that salesforce.com, inc. will post 0.43 EPS for the current year.

Several hedge funds have recently modified their holdings of CRM. People s United Financial Inc. lifted its holdings in shares of salesforce.com by 60.1% during the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after buying an additional 550 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in shares of salesforce.com by 204.3% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after buying an additional 940 shares during the last quarter. WFG Advisors LP lifted its holdings in shares of salesforce.com by 130.2% during the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after buying an additional 1,039 shares during the last quarter. Harfst & Associates Inc. lifted its holdings in shares of salesforce.com by 10.5% during the second quarter. Harfst & Associates Inc. now owns 1,894 shares of the CRM provider’s stock worth $164,000 after buying an additional 180 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. acquired a new position in shares of salesforce.com during the third quarter worth approximately $200,000. Institutional investors own 85.64% of the company’s stock.

Several equities research analysts recently commented on CRM shares. Piper Jaffray Companies reissued a “buy” rating on shares of salesforce.com in a research note on Tuesday, September 26th. Robert W. Baird set a $110.00 price target on salesforce.com and gave the company a “buy” rating in a research note on Sunday, October 1st. Cowen reissued an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of salesforce.com in a research note on Tuesday, October 3rd. JMP Securities raised salesforce.com to a “positive” rating in a research note on Friday, October 6th. Finally, Vetr cut salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target for the company. in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $112.66.

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salesforce.com 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.

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

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