Salesforce.com Inc (NYSE:CRM) Insider Parker Harris Sells 8,026 Shares

Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,026 shares of Salesforce.com stock in a transaction dated Tuesday, October 17th. The stock was sold at an average price of $96.44, for a total value of $774,027.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, October 10th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $95.55, for a total value of $766,884.30.
  • On Tuesday, October 3rd, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $94.92, for a total value of $761,827.92.
  • On Tuesday, September 26th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $92.61, for a total value of $743,287.86.
  • On Tuesday, September 19th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $95.60, for a total value of $767,285.60.
  • On Tuesday, September 12th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $96.57, for a total value of $775,167.39.
  • On Tuesday, September 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $96.01, for a total value of $770,672.27.
  • On Tuesday, August 22nd, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $92.75, for a total value of $744,504.25.
  • On Tuesday, August 15th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $90.76, for a total value of $728,530.52.
  • On Tuesday, August 8th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $90.29, for a total value of $724,757.83.
  • On Tuesday, August 1st, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $91.30, for a total value of $732,865.10.

Shares of Salesforce.com Inc (NYSE:CRM) traded up 0.46% on Thursday, hitting $100.05. The stock had a trading volume of 3,863,316 shares. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $100.76. The firm’s market capitalization is $71.91 billion. The firm has a 50 day moving average of $95.85 and a 200-day moving average of $90.67.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. Salesforce.com’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the business posted $0.24 earnings per share. Equities analysts predict that Salesforce.com Inc will post $1.32 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of CRM. Teachers Advisors LLC boosted its stake in shares of Salesforce.com by 3.2% during the 1st quarter. Teachers Advisors LLC now owns 2,737,108 shares of the CRM provider’s stock worth $225,784,000 after acquiring an additional 83,898 shares during the last quarter. Legal & General Group Plc lifted its stake in Salesforce.com by 5.4% in the 1st quarter. Legal & General Group Plc now owns 2,785,765 shares of the CRM provider’s stock worth $229,798,000 after purchasing an additional 142,925 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in Salesforce.com in the 1st quarter worth $280,000. Sentry Investment Management LLC lifted its stake in Salesforce.com by 3.8% in the 1st quarter. Sentry Investment Management LLC now owns 51,383 shares of the CRM provider’s stock worth $4,239,000 after purchasing an additional 1,887 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Salesforce.com by 6,844.8% in the 1st quarter. Teacher Retirement System of Texas now owns 471,692 shares of the CRM provider’s stock worth $38,910,000 after purchasing an additional 464,900 shares in the last quarter. Institutional investors and hedge funds own 86.12% of the company’s stock.

Several research firms recently weighed in on CRM. Royal Bank Of Canada restated a “buy” rating and issued a $109.00 target price on shares of Salesforce.com in a report on Friday, October 20th. Canaccord Genuity restated a “buy” rating on shares of Salesforce.com in a report on Monday, September 11th. Vetr upgraded Salesforce.com from a “strong sell” rating to a “sell” rating and set a $90.51 target price for the company in a report on Friday, October 13th. Northland Securities reaffirmed a “buy” rating and issued a $105.00 price target on shares of Salesforce.com in a research report on Sunday, September 10th. Finally, Moffett Nathanson began coverage on Salesforce.com in a research report on Wednesday, September 6th. They issued a “buy” rating and a $125.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have given a buy rating to the stock. Salesforce.com currently has an average rating of “Buy” and a consensus price target of $102.75.

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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