Salesforce.com Inc (NYSE:CRM) Director Craig Conway sold 250 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $97.00, for a total value of $24,250.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Craig Conway also recently made the following trade(s):
- On Monday, September 25th, Craig Conway sold 602 shares of Salesforce.com stock. The shares were sold at an average price of $94.76, for a total value of $57,045.52.
- On Tuesday, August 15th, Craig Conway sold 250 shares of Salesforce.com stock. The shares were sold at an average price of $90.60, for a total value of $22,650.00.
Salesforce.com Inc (NYSE:CRM) opened at 100.70 on Friday. The firm’s market cap is $72.37 billion. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $101.98. The firm’s 50 day moving average price is $95.85 and its 200 day moving average price is $90.67.
Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. Equities research analysts anticipate that Salesforce.com Inc will post $1.32 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on CRM shares. Zacks Investment Research cut Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Vetr cut Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective for the company. in a research report on Tuesday, July 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $102.00 price objective on shares of Salesforce.com in a research report on Monday, July 31st. Credit Suisse Group started coverage on Salesforce.com in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price objective for the company. Finally, Roth Capital reissued a “buy” rating and issued a $112.00 price objective (up from $103.00) on shares of Salesforce.com in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $102.75.
Hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC lifted its holdings in Salesforce.com by 3.2% during the first 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 period. Stephens Investment Management Group LLC lifted its holdings in Salesforce.com by 2.8% during the first quarter. Stephens Investment Management Group LLC now owns 30,848 shares of the CRM provider’s stock worth $2,545,000 after acquiring an additional 827 shares during the period. Partnervest Advisory Services LLC bought a new stake in Salesforce.com during the first quarter worth $218,000. Stephens Inc. AR lifted its holdings in Salesforce.com by 4.1% during the first quarter. Stephens Inc. AR now owns 100,934 shares of the CRM provider’s stock worth $8,326,000 after acquiring an additional 4,010 shares during the period. Finally, Israel Discount Bank of New York bought a new stake in Salesforce.com during the first quarter worth $745,000. Institutional investors own 86.12% of the company’s stock.
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.
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