salesforce.com, inc. (CRM) Insider Sells $770,813.67 in Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 5,711 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $134.97, for a total transaction of $770,813.67. Following the transaction, the insider now owns 27,938 shares of the company’s stock, valued at approximately $3,770,791.86. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Tuesday, October 30th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $130.92, for a total transaction of $747,684.12.
  • On Tuesday, October 23rd, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $140.14, for a total transaction of $800,339.54.
  • On Tuesday, October 9th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $148.72, for a total transaction of $849,339.92.
  • On Tuesday, September 25th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $158.48, for a total transaction of $905,079.28.
  • On Tuesday, September 11th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $152.69, for a total transaction of $872,012.59.
  • On Tuesday, September 4th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $152.54, for a total transaction of $871,155.94.
  • On Tuesday, August 21st, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $146.90, for a total transaction of $838,945.90.
  • On Tuesday, August 14th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $145.91, for a total transaction of $833,292.01.

NYSE:CRM traded down $1.49 during mid-day trading on Tuesday, reaching $133.95. The stock had a trading volume of 4,665,743 shares, compared to its average volume of 5,473,180. salesforce.com, inc. has a fifty-two week low of $98.68 and a fifty-two week high of $161.19. The company has a market capitalization of $103.51 billion, a P/E ratio of 297.67, a P/E/G ratio of 4.50 and a beta of 1.38. 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 (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s revenue was up 27.3% on a year-over-year basis. As a group, sell-side analysts forecast that salesforce.com, inc. will post 1.22 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Allen Investment Management LLC increased its holdings in salesforce.com by 35.9% in the third quarter. Allen Investment Management LLC now owns 18,240 shares of the CRM provider’s stock worth $2,901,000 after buying an additional 4,818 shares during the last quarter. Advisor Partners LLC increased its holdings in salesforce.com by 8.6% in the third quarter. Advisor Partners LLC now owns 11,660 shares of the CRM provider’s stock worth $1,854,000 after buying an additional 920 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in salesforce.com by 19.5% in the third quarter. Motley Fool Asset Management LLC now owns 9,443 shares of the CRM provider’s stock worth $1,502,000 after buying an additional 1,540 shares during the last quarter. Bessemer Group Inc. grew its holdings in salesforce.com by 1.0% during the third quarter. Bessemer Group Inc. now owns 1,280,582 shares of the CRM provider’s stock valued at $203,651,000 after purchasing an additional 12,589 shares during the last quarter. Finally, Trust Co. of Toledo NA OH grew its holdings in salesforce.com by 37.0% during the third quarter. Trust Co. of Toledo NA OH now owns 11,747 shares of the CRM provider’s stock valued at $1,868,000 after purchasing an additional 3,170 shares during the last quarter. Hedge funds and other institutional investors own 83.01% of the company’s stock.

A number of analysts have commented on CRM shares. JMP Securities upped their price objective on shares of salesforce.com from $140.00 to $163.00 and gave the company an “outperform” rating in a research note on Tuesday, July 10th. Robert W. Baird upped their price objective on shares of salesforce.com from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, July 11th. Oppenheimer upped their price objective on shares of salesforce.com from $152.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, July 11th. Stifel Nicolaus upped their price objective on shares of salesforce.com from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Finally, Zacks Investment Research lowered shares of salesforce.com from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Six investment analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $165.25.

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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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