salesforce.com, inc. (CRM) Director Susan Wojcicki Buys 6,000 Shares

salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki purchased 6,000 shares of salesforce.com stock in a transaction that occurred on Monday, September 17th. The stock was purchased at an average cost of $157.57 per share, for a total transaction of $945,420.00. Following the completion of the purchase, the director now owns 90,320 shares of the company’s stock, valued at $14,231,722.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Susan Wojcicki also recently made the following trade(s):

  • On Tuesday, August 14th, Susan Wojcicki purchased 6,000 shares of salesforce.com stock. The stock was purchased at an average cost of $146.38 per share, for a total transaction of $878,280.00.
  • On Wednesday, July 25th, Susan Wojcicki purchased 6,000 shares of salesforce.com stock. The stock was purchased at an average cost of $146.22 per share, for a total transaction of $877,320.00.
  • On Tuesday, June 19th, Susan Wojcicki purchased 6,000 shares of salesforce.com stock. The stock was purchased at an average cost of $138.11 per share, for a total transaction of $828,660.00.

salesforce.com stock opened at $154.92 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. salesforce.com, inc. has a one year low of $92.11 and a one year high of $158.79. The firm has a market cap of $117.57 billion, a P/E ratio of 344.27, a price-to-earnings-growth ratio of 5.11 and a beta of 1.27.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the firm posted $0.33 earnings per share. salesforce.com’s revenue was up 27.3% compared to the same quarter last year. equities analysts anticipate that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CRM. TLP Group LLC lifted its holdings in salesforce.com by 353.9% in the first quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock valued at $128,000 after acquiring an additional 860 shares during the period. Private Capital Group LLC lifted its holdings in salesforce.com by 91.9% in the first quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock valued at $132,000 after acquiring an additional 543 shares during the period. Resources Investment Advisors Inc. lifted its holdings in salesforce.com by 328.2% in the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock valued at $172,000 after acquiring an additional 965 shares during the period. CWM LLC lifted its holdings in salesforce.com by 95.8% in the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock valued at $180,000 after acquiring an additional 645 shares during the period. Finally, Harvest Management LLC bought a new position in salesforce.com in the second quarter valued at about $205,000. 82.74% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on the company. Piper Jaffray Companies reaffirmed a “buy” rating on shares of salesforce.com in a research note on Thursday, August 30th. Wells Fargo & Co reaffirmed a “buy” rating and issued a $175.00 price target (up from $155.00) on shares of salesforce.com in a research note on Thursday, August 30th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $170.00 price target (up from $158.00) on shares of salesforce.com in a research note on Thursday, August 30th. Canaccord Genuity upped their price target on salesforce.com from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Finally, UBS Group upped their price target on salesforce.com from $168.00 to $180.00 and gave the stock a “buy” rating in a research note on Thursday, August 30th. Five analysts have rated the stock with a hold rating, thirty-four have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $159.97.

About salesforce.com

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.

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