salesforce.com, inc. (CRM) Insider Parker Harris Sells 1,850 Shares of Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,850 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $109.00, for a total transaction of $201,650.00. Following the completion of the transaction, the insider now owns 16,014 shares in the company, valued at $1,745,526. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Tuesday, November 14th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $105.96, for a total transaction of $850,434.96.
  • On Tuesday, November 7th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.58, for a total transaction of $823,307.08.
  • On Tuesday, October 31st, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.13, for a total transaction of $819,695.38.
  • On Tuesday, October 17th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $96.44, for a total transaction of $774,027.44.

Shares of salesforce.com, inc. (NYSE:CRM) traded up $0.40 during trading hours on Thursday, hitting $109.20. 599,761 shares of the stock were exchanged, compared to its average volume of 3,687,886. The company has a market cap of $78,850.00, a price-to-earnings ratio of 10,920.00, a price-to-earnings-growth ratio of 10.09 and a beta of 1.24. salesforce.com, inc. has a 1 year low of $74.00 and a 1 year high of $109.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion for 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%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 EPS. research analysts forecast that salesforce.com, inc. will post 0.43 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of CRM. Janus Henderson Group PLC increased its holdings in shares of salesforce.com by 911.7% in the 2nd quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after buying an additional 11,498,509 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of salesforce.com by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after purchasing an additional 2,268,623 shares during the last quarter. Tybourne Capital Management HK Ltd. grew its holdings in shares of salesforce.com by 76.5% during the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock valued at $410,323,000 after purchasing an additional 2,053,200 shares during the last quarter. Coatue Management LLC bought a new position in shares of salesforce.com during the 2nd quarter valued at $94,297,000. Finally, Matrix Capital Management Company LP bought a new position in shares of salesforce.com during the 2nd quarter valued at $86,600,000. 85.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently commented on CRM shares. Piper Jaffray Companies restated a “buy” rating on shares of salesforce.com in a research note on Tuesday, September 26th. Robert W. Baird set a $110.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research note on Sunday, October 1st. Cowen restated an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of salesforce.com in a research note on Tuesday, October 3rd. JMP Securities upgraded shares of salesforce.com to a “positive” rating in a research note on Friday, October 6th. Finally, Vetr cut shares of salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target on the stock. in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $112.66.

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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.

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

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