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

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,850 shares of the stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $109.00, for a total value of $201,650.00. Following the sale, the insider now owns 16,014 shares in the company, valued at $1,745,526. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, January 30th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $112.40, for a total value of $207,940.00.
  • On Tuesday, January 23rd, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $113.18, for a total value of $209,383.00.
  • On Tuesday, January 16th, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $110.85, for a total value of $205,072.50.
  • 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 value 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 value 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 value 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 value of $774,027.44.

Shares of salesforce.com, inc. (NYSE:CRM) opened at $110.78 on Friday. The company has a market cap of $80,020.00, a price-to-earnings ratio of 11,078.00, a price-to-earnings-growth ratio of 10.63 and a beta of 1.32. salesforce.com, inc. has a 1-year low of $77.89 and a 1-year high of $114.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 earnings per share. equities research analysts anticipate that salesforce.com, inc. will post 0.43 EPS for the current year.

A number of research analysts have recently weighed in on CRM shares. BMO Capital Markets raised their price objective on salesforce.com from $112.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada reiterated a “buy” rating on shares of salesforce.com in a research report on Thursday, November 9th. Vetr lowered salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price target for the company. in a research report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and issued a $108.00 price objective on shares of salesforce.com in a research note on Wednesday, November 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $127.00 price objective (up previously from $107.00) on shares of salesforce.com in a research note on Thursday, November 16th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-four have assigned a buy rating to the company. salesforce.com presently has an average rating of “Buy” and a consensus target price of $112.86.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC raised its position in shares of salesforce.com by 0.3% during the 2nd quarter. Stephens Investment Management Group LLC now owns 30,933 shares of the CRM provider’s stock worth $2,679,000 after purchasing an additional 85 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in shares of salesforce.com by 0.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after purchasing an additional 93 shares during the last quarter. Linscomb & Williams Inc. raised its position in shares of salesforce.com by 2.5% during the 2nd quarter. Linscomb & Williams Inc. now owns 4,187 shares of the CRM provider’s stock worth $363,000 after purchasing an additional 104 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of salesforce.com by 2.4% during the 2nd quarter. D.A. Davidson & CO. now owns 6,807 shares of the CRM provider’s stock worth $589,000 after purchasing an additional 160 shares during the last quarter. Finally, Ropes Wealth Advisors LLC raised its position in shares of salesforce.com by 4.8% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 3,697 shares of the CRM provider’s stock worth $320,000 after purchasing an additional 169 shares during the last quarter. Hedge funds and other institutional investors own 85.60% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/03/salesforce-com-inc-crm-insider-parker-harris-sells-1850-shares-of-stock.html.

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)

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply