Insider Selling: salesforce.com, inc. (CRM) Director Sells 129 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 129 shares of the business’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $106.00, for a total transaction of $13,674.00. Following the transaction, the director now directly owns 14,980 shares in the company, valued at $1,587,880. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

John Victor Roos also recently made the following trade(s):

  • On Thursday, January 11th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $108.92, for a total transaction of $14,050.68.
  • On Thursday, December 28th, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $102.64, for a total transaction of $13,240.56.
  • On Thursday, December 21st, John Victor Roos sold 129 shares of salesforce.com stock. The stock was sold at an average price of $103.85, for a total transaction of $13,396.65.

Shares of salesforce.com, inc. (CRM) traded up $1.14 on Friday, reaching $110.24. 5,750,000 shares of the company’s stock were exchanged, compared to its average volume of 4,150,000. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. salesforce.com, inc. has a twelve month low of $74.00 and a twelve month high of $110.71. The stock has a market cap of $79,630.00, a price-to-earnings ratio of 11,024.00, a P/E/G ratio of 10.19 and a beta of 1.24.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data 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. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the firm posted $0.24 EPS. The company’s revenue was up 25.0% on a year-over-year basis. equities research analysts expect that salesforce.com, inc. will post 0.43 EPS for the current year.

A number of equities analysts recently issued reports on CRM shares. Piper Jaffray Companies reiterated 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 stock a “buy” rating in a research note on Sunday, October 1st. Cowen restated an “outperform” rating and set a $105.00 target price (up previously 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 target price 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 given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $112.66.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dai Ichi Life Insurance Company Ltd grew its holdings in salesforce.com by 142.5% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after buying an additional 73,271 shares in the last quarter. Cypress Capital Group boosted its position in shares of salesforce.com by 80.1% during the 3rd quarter. Cypress Capital Group now owns 29,439 shares of the CRM provider’s stock valued at $2,750,000 after acquiring an additional 13,090 shares during the last quarter. Summit Global Investments boosted its position in shares of salesforce.com by 85.3% during the 2nd quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after acquiring an additional 10,768 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of salesforce.com by 23.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,228,004 shares of the CRM provider’s stock valued at $114,720,000 after acquiring an additional 235,869 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of salesforce.com by 16.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,489,884 shares of the CRM provider’s stock valued at $139,185,000 after acquiring an additional 209,184 shares during the last quarter. 85.57% of the stock is owned by institutional investors and hedge funds.

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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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