Salesforce.com (NYSE:CRM) Director Sells $18,314.01 in Stock

Salesforce.com (NYSE:CRM) Director John Victor Roos sold 143 shares of the stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $128.07, for a total value of $18,314.01. Following the completion of the transaction, the director now owns 9,286 shares in the company, valued at approximately $1,189,258.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

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  • On Thursday, April 5th, John Victor Roos sold 143 shares of Salesforce.com stock. The stock was sold at an average price of $120.45, for a total value of $17,224.35.
  • On Thursday, March 29th, John Victor Roos sold 143 shares of Salesforce.com stock. The shares were sold at an average price of $113.91, for a total value of $16,289.13.
  • On Thursday, March 22nd, John Victor Roos sold 143 shares of Salesforce.com stock. The shares were sold at an average price of $119.89, for a total value of $17,144.27.
  • On Thursday, March 8th, John Victor Roos sold 143 shares of Salesforce.com stock. The shares were sold at an average price of $125.76, for a total value of $17,983.68.
  • On Thursday, March 1st, John Victor Roos sold 121 shares of Salesforce.com stock. The shares were sold at an average price of $120.90, for a total value of $14,628.90.
  • On Thursday, February 22nd, John Victor Roos sold 129 shares of Salesforce.com stock. The shares were sold at an average price of $114.52, for a total value of $14,773.08.
  • On Thursday, February 15th, John Victor Roos sold 129 shares of Salesforce.com stock. The shares were sold at an average price of $112.11, for a total value of $14,462.19.
  • On Thursday, February 8th, John Victor Roos sold 129 shares of Salesforce.com stock. The shares were sold at an average price of $110.10, for a total value of $14,202.90.
  • On Thursday, February 1st, John Victor Roos sold 129 shares of Salesforce.com stock. The shares were sold at an average price of $113.30, for a total value of $14,615.70.
  • On Thursday, January 25th, John Victor Roos sold 129 shares of Salesforce.com stock. The shares were sold at an average price of $113.23, for a total value of $14,606.67.

Shares of NYSE CRM traded down $2.94 during midday trading on Friday, hitting $116.10. 5,384,291 shares of the company’s stock were exchanged, compared to its average volume of 7,101,740. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. Salesforce.com has a 12 month low of $83.00 and a 12 month high of $128.87. The company has a market capitalization of $85,982.60, a P/E ratio of 258.00, a P/E/G ratio of 5.07 and a beta of 1.23.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.01. The business had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.81 billion. Salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. analysts predict that Salesforce.com will post 0.97 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sandy Spring Bank lifted its position in shares of Salesforce.com by 1.7% during the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock valued at $2,799,000 after acquiring an additional 470 shares during the period. King Luther Capital Management Corp lifted its position in shares of Salesforce.com by 16.3% during the 3rd quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock valued at $319,000 after acquiring an additional 479 shares during the period. Cetera Advisors LLC lifted its position in shares of Salesforce.com by 17.5% during the 4th quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock valued at $334,000 after acquiring an additional 485 shares during the period. BB&T Corp raised its holdings in shares of Salesforce.com by 2.6% during the 4th quarter. BB&T Corp now owns 20,751 shares of the CRM provider’s stock worth $2,121,000 after buying an additional 533 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in shares of Salesforce.com by 23.6% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 2,826 shares of the CRM provider’s stock worth $289,000 after buying an additional 540 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

CRM has been the subject of several recent analyst reports. TheStreet upgraded Salesforce.com from a “c” rating to a “b-” rating in a research note on Wednesday, February 28th. Jefferies Group upgraded Salesforce.com from a “hold” rating to a “buy” rating and lowered their target price for the company from $97.00 to $84.00 in a research note on Thursday, February 15th. Vetr upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $113.54 target price for the company in a research note on Monday, February 12th. UBS set a $135.00 target price on Salesforce.com and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, Cleveland Research started coverage on Salesforce.com in a research note on Wednesday, January 31st. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and forty-five have given a buy rating to the company. Salesforce.com has an average rating of “Buy” and a consensus target price of $124.28.

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Salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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

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