Insider Selling: salesforce.com, inc. (CRM) Director Sells 114 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 114 shares of the firm’s stock in a transaction that occurred on Thursday, January 10th. The stock was sold at an average price of $143.98, for a total transaction of $16,413.72. Following the completion of the transaction, the director now directly owns 11,841 shares of the company’s stock, valued at $1,704,867.18. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

John Victor Roos also recently made the following trade(s):

  • On Thursday, January 3rd, John Victor Roos sold 114 shares of salesforce.com stock. The stock was sold at an average price of $133.48, for a total transaction of $15,216.72.
  • On Thursday, December 27th, John Victor Roos sold 114 shares of salesforce.com stock. The stock was sold at an average price of $128.80, for a total transaction of $14,683.20.

Shares of NYSE CRM traded up $1.05 during mid-day trading on Thursday, reaching $147.04. 5,067,740 shares of the company were exchanged, compared to its average volume of 6,633,378. salesforce.com, inc. has a 52 week low of $102.37 and a 52 week high of $161.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $105.54 billion, a P/E ratio of 326.76, a P/E/G ratio of 4.34 and a beta of 1.28.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same period in the previous year, the firm posted $0.39 EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, analysts forecast that salesforce.com, inc. will post 1.32 EPS for the current fiscal year.

Several research analysts recently commented on CRM shares. Wedbush reaffirmed an “outperform” rating and issued a $170.00 price objective on shares of salesforce.com in a report on Wednesday, September 26th. Jefferies Financial Group raised their price objective on shares of salesforce.com from $172.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Royal Bank of Canada raised their price objective on shares of salesforce.com to $182.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. Credit Suisse Group set a $175.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a report on Thursday, September 27th. Finally, Oppenheimer raised their price objective on shares of salesforce.com from $160.00 to $180.00 and gave the stock an “outperform” rating in a report on Thursday, September 27th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $168.97.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Botty Investors LLC bought a new stake in shares of salesforce.com during the 3rd quarter worth $123,000. Psagot Investment House Ltd. purchased a new position in salesforce.com in the 3rd quarter worth $134,000. Resources Investment Advisors Inc. raised its position in salesforce.com by 328.2% in the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares during the period. United Capital Management of KS Inc. purchased a new position in salesforce.com in the 3rd quarter worth $193,000. Finally, Sky Investment Group LLC purchased a new position in salesforce.com in the 3rd quarter worth $204,000. 81.76% of the stock is owned by institutional investors.

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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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