salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 5,325 shares of salesforce.com stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $138.61, for a total value of $738,098.25. Following the completion of the transaction, the insider now owns 27,432 shares of the company’s stock, valued at approximately $3,802,349.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
CRM opened at $140.50 on Friday. The firm has a market capitalization of $100.01 billion, a PE ratio of 312.22, a P/E/G ratio of 4.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a 12 month low of $98.68 and a 12 month high of $161.19.
salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. The firm had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.33 EPS. Research analysts expect that salesforce.com, inc. will post 1.22 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CRM. FMR LLC raised its position in shares of salesforce.com by 3.5% in the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after acquiring an additional 3,066,099 shares in the last quarter. BlackRock Inc. increased its position in salesforce.com by 5.2% during the 2nd quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock valued at $6,091,032,000 after buying an additional 2,212,408 shares in the last quarter. OppenheimerFunds Inc. increased its position in salesforce.com by 13,746.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock valued at $141,154,000 after buying an additional 1,027,382 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in salesforce.com by 14.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock valued at $1,027,545,000 after buying an additional 961,104 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV increased its position in salesforce.com by 7,692.8% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock valued at $7,081,000 after buying an additional 919,056 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on CRM. Nomura began coverage on salesforce.com in a report on Monday. They set a “buy” rating and a $181.00 price objective for the company. TheStreet cut salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. JMP Securities boosted their price objective on salesforce.com from $140.00 to $163.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Jefferies Financial Group boosted their price objective on salesforce.com to $168.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Finally, UBS Group boosted their price objective on salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Six research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and two have assigned a strong buy rating to the stock. salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $165.25.
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.
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