salesforce.com, inc. (CRM) Director Craig Conway Sells 200 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director Craig Conway sold 200 shares of salesforce.com stock in a transaction on Monday, April 15th. The stock was sold at an average price of $161.00, for a total transaction of $32,200.00. Following the transaction, the director now directly owns 9,310 shares of the company’s stock, valued at $1,498,910. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Craig Conway also recently made the following trade(s):

  • On Friday, February 15th, Craig Conway sold 200 shares of salesforce.com stock. The stock was sold at an average price of $161.08, for a total transaction of $32,216.00.

CRM stock opened at $158.69 on Wednesday. The stock has a market capitalization of $123.39 billion, a P/E ratio of 109.44, a P/E/G ratio of 5.34 and a beta of 1.39. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $166.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, sell-side analysts predict that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.

CRM has been the subject of a number of research analyst reports. Goldman Sachs Group reaffirmed a “buy” rating and set a $178.00 price objective on shares of salesforce.com in a research report on Monday, March 4th. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Wedbush reaffirmed an “outperform” rating and set a $166.00 price objective on shares of salesforce.com in a research report on Monday, January 7th. Pivotal Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $140.00 to $164.00 in a research report on Monday, January 7th. Finally, Macquarie lifted their price objective on shares of salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $177.82.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in salesforce.com by 4.6% in the third quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after purchasing an additional 2,398,648 shares in the last quarter. Vanguard Group Inc raised its stake in salesforce.com by 4.6% in the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock valued at $8,662,570,000 after purchasing an additional 2,398,648 shares in the last quarter. BlackRock Inc. raised its stake in salesforce.com by 9.2% in the fourth quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock valued at $7,022,474,000 after purchasing an additional 4,321,630 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in salesforce.com by 29,364.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock valued at $159,000 after purchasing an additional 21,642,889 shares in the last quarter. Finally, Jennison Associates LLC raised its stake in salesforce.com by 18.3% in the fourth quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock valued at $2,694,432,000 after purchasing an additional 3,041,293 shares in the last quarter. 83.02% of the stock is owned by institutional investors and hedge funds.

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About salesforce.com

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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