Insider Selling: salesforce.com, inc. (NYSE:CRM) Insider Sells $954,700.00 in Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 5,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $190.94, for a total transaction of $954,700.00. Following the transaction, the insider now owns 66,132 shares in the company, valued at approximately $12,627,244.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, July 21st, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $191.68, for a total transaction of $958,400.00.
  • On Tuesday, July 14th, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $187.15, for a total transaction of $935,750.00.
  • On Tuesday, June 30th, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $185.97, for a total transaction of $929,850.00.
  • On Tuesday, June 16th, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $180.01, for a total transaction of $900,050.00.
  • On Wednesday, June 3rd, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $175.04, for a total transaction of $875,200.00.
  • On Tuesday, May 19th, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $175.01, for a total transaction of $875,050.00.
  • On Tuesday, May 12th, Parker Harris sold 5,000 shares of salesforce.com stock. The shares were sold at an average price of $180.04, for a total transaction of $900,200.00.

salesforce.com stock opened at $194.85 on Friday. The firm has a 50-day moving average price of $188.62 and a 200-day moving average price of $173.36. The firm has a market capitalization of $172.72 billion, a PE ratio of -1,082.50, a price-to-earnings-growth ratio of 9.46 and a beta of 1.08. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.15. salesforce.com, inc. has a 12-month low of $115.29 and a 12-month high of $202.82.

salesforce.com (NYSE:CRM) last released its earnings results on Thursday, May 28th. The CRM provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. The firm had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.85 billion. salesforce.com had a negative net margin of 0.92% and a positive return on equity of 2.45%. The business’s revenue was up 30.2% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. As a group, sell-side analysts predict that salesforce.com, inc. will post 1.13 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. AlphaCore Capital LLC bought a new stake in shares of salesforce.com in the 1st quarter worth about $28,000. Delta Asset Management LLC TN lifted its holdings in shares of salesforce.com by 166.7% in the 1st quarter. Delta Asset Management LLC TN now owns 200 shares of the CRM provider’s stock worth $29,000 after acquiring an additional 125 shares during the last quarter. Engrave Wealth Partners LLC bought a new stake in shares of salesforce.com in the 4th quarter worth about $32,000. Red Door Wealth Management LLC bought a new stake in salesforce.com during the 1st quarter valued at about $29,000. Finally, Accurate Investment Solutions Inc. lifted its holdings in salesforce.com by 632.1% during the 1st quarter. Accurate Investment Solutions Inc. now owns 205 shares of the CRM provider’s stock valued at $30,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 81.26% of the company’s stock.

A number of analysts have commented on CRM shares. Credit Suisse Group reaffirmed a “buy” rating and set a $200.00 target price on shares of salesforce.com in a report on Friday, May 29th. Oppenheimer upped their target price on shares of salesforce.com from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Monday, May 18th. JPMorgan Chase & Co. set a $200.00 target price on shares of salesforce.com and gave the company a “buy” rating in a report on Friday, May 29th. Zacks Investment Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, June 2nd. Finally, JMP Securities increased their price objective on shares of salesforce.com from $172.00 to $191.00 and gave the stock a “market outperform” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, thirty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $200.21.

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

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