Craig Conway Sells 250 Shares of Salesforce.com Inc (NYSE:CRM) Stock

Salesforce.com Inc (NYSE:CRM) Director Craig Conway sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $105.90, for a total value of $26,475.00. Following the completion of the sale, the director now directly owns 9,408 shares in the company, valued at approximately $996,307.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Monday, October 16th, Craig Conway sold 250 shares of Salesforce.com stock. The stock was sold at an average price of $97.00, for a total value of $24,250.00.
  • On Monday, September 25th, Craig Conway sold 602 shares of Salesforce.com stock. The stock was sold at an average price of $94.76, for a total transaction of $57,045.52.

Salesforce.com Inc (NYSE:CRM) traded down $3.98 on Monday, hitting $99.85. 9,115,783 shares of the stock traded hands, compared to its average volume of 4,453,994. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $72,120.00, a P/E ratio of 324.47, a P/E/G ratio of 9.75 and a beta of 1.24. Salesforce.com Inc has a one year low of $68.23 and a one year high of $109.19.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.65 billion. Salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. Salesforce.com’s revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. sell-side analysts expect that Salesforce.com Inc will post 0.43 earnings per share for the current year.

A number of brokerages recently commented on CRM. Vetr downgraded shares of Salesforce.com from a “hold” rating to a “sell” rating and set a $104.56 target price for the company. in a research note on Tuesday, November 21st. BMO Capital Markets upped their price objective on shares of Salesforce.com from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Piper Jaffray Companies restated an “overweight” rating and issued a $135.00 price objective on shares of Salesforce.com in a research note on Wednesday, November 22nd. KeyCorp restated an “overweight” rating and issued a $124.00 price objective (up previously from $108.00) on shares of Salesforce.com in a research note on Wednesday, November 22nd. Finally, Royal Bank Of Canada increased their target price on shares of Salesforce.com from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and forty-four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $112.48.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Salesforce.com by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after purchasing an additional 2,268,623 shares in the last quarter. Jennison Associates LLC grew its position in Salesforce.com by 17.0% during the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after purchasing an additional 2,740,329 shares in the last quarter. Janus Henderson Group PLC grew its position in Salesforce.com by 5.3% during the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after purchasing an additional 675,471 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Salesforce.com by 6.8% during the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock valued at $809,259,000 after purchasing an additional 592,409 shares in the last quarter. Finally, Winslow Capital Management LLC grew its position in Salesforce.com by 12.0% in the second quarter. Winslow Capital Management LLC now owns 6,266,919 shares of the CRM provider’s stock worth $542,715,000 after acquiring an additional 670,197 shares in the last quarter. 85.75% of the stock is owned by hedge funds and other institutional investors.

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About Salesforce.com

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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