salesforce.com, inc. (NYSE:CRM) insider Cynthia G. Robbins sold 3,242 shares of salesforce.com stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $102.70, for a total value of $332,953.40. Following the sale, the insider now directly owns 230 shares in the company, valued at approximately $23,621. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
salesforce.com, inc. (CRM) opened at $110.24 on Friday. salesforce.com, inc. has a 1-year low of $74.00 and a 1-year high of $110.71. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market capitalization 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 posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the business earned $0.24 EPS. salesforce.com’s revenue was up 25.0% compared to the same quarter last year. equities analysts expect that salesforce.com, inc. will post 0.43 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC boosted its holdings in salesforce.com by 14.1% during the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after acquiring an additional 156 shares during the period. People s United Financial Inc. boosted its holdings in salesforce.com by 60.1% during the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after acquiring an additional 550 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in salesforce.com by 204.3% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after acquiring an additional 940 shares during the period. WFG Advisors LP boosted its holdings in salesforce.com by 130.2% during the 2nd quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock valued at $159,000 after acquiring an additional 1,039 shares during the period. Finally, Harfst & Associates Inc. boosted its holdings in salesforce.com by 10.5% during the 2nd quarter. Harfst & Associates Inc. now owns 1,894 shares of the CRM provider’s stock valued at $164,000 after acquiring an additional 180 shares during the period. Institutional investors own 85.57% of the company’s stock.
CRM has been the topic of several recent analyst reports. JMP Securities raised salesforce.com to a “positive” rating in a research note on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating on shares of salesforce.com in a research note on Thursday, November 9th. BMO Capital Markets lifted their target price on salesforce.com from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Societe Generale set a $130.00 target price on salesforce.com and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Guggenheim assumed coverage on salesforce.com in a research note on Monday, October 30th. They set a “buy” rating and a $125.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $112.66.
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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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