salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki acquired 6,000 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were bought at an average price of $127.82 per share, for a total transaction of $766,920.00. Following the purchase, the director now owns 52,393 shares in the company, valued at $6,696,873.26. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Susan Wojcicki also recently made the following trade(s):
- On Tuesday, January 9th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The shares were bought at an average price of $109.14 per share, for a total transaction of $654,840.00.
salesforce.com, inc. (NYSE:CRM) traded down $0.05 on Tuesday, hitting $126.73. The stock had a trading volume of 4,641,662 shares, compared to its average volume of 6,370,000. The firm has a market cap of $92,700.00, a price-to-earnings ratio of 281.62, a P/E/G ratio of 5.86 and a beta of 1.25. salesforce.com, inc. has a 12 month low of $80.50 and a 12 month high of $128.20. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 0.07.
A number of brokerages have recently issued reports on CRM. Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 8th. Vetr upgraded salesforce.com from a “sell” rating to a “hold” rating and set a $130.00 price objective on the stock in a research note on Thursday, March 8th. Morgan Stanley upped their price objective on salesforce.com from $134.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 2nd. Argus upped their price objective on salesforce.com to $141.00 and gave the stock a “buy” rating in a research note on Friday, March 2nd. Finally, TheStreet upgraded salesforce.com from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $123.51.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its stake in salesforce.com by 196.4% in the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after buying an additional 762 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in salesforce.com in the fourth quarter valued at about $123,000. Cerebellum GP LLC acquired a new stake in salesforce.com in the fourth quarter valued at about $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in salesforce.com by 204.3% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after buying an additional 940 shares in the last quarter. Finally, Icon Wealth Partners LLC acquired a new stake in salesforce.com in the fourth quarter valued at about $131,000. 86.68% of the stock is currently owned by institutional investors.
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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.
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