salesforce.com, inc. (CRM) Insider Joe Allanson Sells 22,606 Shares

salesforce.com, inc. (NYSE:CRM) insider Joe Allanson sold 22,606 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $110.00, for a total value of $2,486,660.00. Following the completion of the sale, the insider now owns 52,916 shares in the company, valued at approximately $5,820,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Joe Allanson also recently made the following trade(s):

  • On Monday, November 27th, Joe Allanson sold 446 shares of salesforce.com stock. The stock was sold at an average price of $106.63, for a total value of $47,556.98.
  • On Friday, November 24th, Joe Allanson sold 622 shares of salesforce.com stock. The stock was sold at an average price of $106.77, for a total value of $66,410.94.

salesforce.com, inc. (CRM) opened at $110.78 on Monday. The stock has a market capitalization of $80,020.00, a price-to-earnings ratio of 11,078.00, a P/E/G ratio of 6.14 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a 12-month low of $79.35 and a 12-month high of $114.52.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $0.24 EPS. The business’s quarterly revenue was up 25.0% on a year-over-year basis. equities research analysts anticipate that salesforce.com, inc. will post 0.43 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. raised its position in shares of salesforce.com by 10.2% in the 4th quarter. Raymond James Trust N.A. now owns 8,117 shares of the CRM provider’s stock worth $829,000 after acquiring an additional 751 shares in the last quarter. Bray Capital Advisors raised its position in shares of salesforce.com by 3.5% in the 4th quarter. Bray Capital Advisors now owns 23,206 shares of the CRM provider’s stock worth $2,372,000 after acquiring an additional 775 shares in the last quarter. RKL Wealth Management LLC bought a new position in shares of salesforce.com in the 4th quarter worth about $223,000. Sandy Spring Bank raised its position in shares of salesforce.com by 1.7% in the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock worth $2,799,000 after acquiring an additional 470 shares in the last quarter. Finally, Texan Capital Management bought a new position in shares of salesforce.com in the 4th quarter worth about $1,439,000. 85.60% of the stock is owned by hedge funds and other institutional investors.

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

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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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