salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 4,000 shares of the company’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $146.90, for a total value of $587,600.00. Following the completion of the transaction, the insider now owns 26,971 shares in the company, valued at $3,962,039.90. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:CRM opened at $139.24 on Thursday. salesforce.com, inc. has a 52-week low of $98.68 and a 52-week high of $161.19. The company has a market capitalization of $106.52 billion, a PE ratio of 309.42, a PEG ratio of 4.23 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86.
salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.11. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The firm had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the company earned $0.39 EPS. The business’s revenue was up 25.6% compared to the same quarter last year. Equities research analysts forecast that salesforce.com, inc. will post 1.32 EPS for the current year.
A number of equities analysts have weighed in on the company. Wedbush upped their target price on salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 22nd. Barclays upped their target price on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 15th. Piper Jaffray Companies upped their target price on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 15th. Morgan Stanley upped their target price on salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 14th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $168.00 target price on shares of salesforce.com in a research note on Wednesday, November 28th. Four equities research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $168.08.
Several large investors have recently made changes to their positions in the company. Newport Wealth Strategies Inc. boosted its stake in salesforce.com by 17.7% during the 2nd quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock valued at $320,000 after purchasing an additional 353 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its stake in salesforce.com by 4.5% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock valued at $1,366,000 after purchasing an additional 370 shares during the last quarter. Aspiriant LLC boosted its stake in shares of salesforce.com by 11.8% in the 3rd quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock worth $587,000 after buying an additional 389 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of salesforce.com by 6.9% in the 2nd quarter. ProVise Management Group LLC now owns 6,160 shares of the CRM provider’s stock worth $840,000 after buying an additional 400 shares during the last quarter. Finally, Lido Advisors LLC boosted its stake in shares of salesforce.com by 8.9% in the 3rd quarter. Lido Advisors LLC now owns 5,061 shares of the CRM provider’s stock worth $804,000 after buying an additional 413 shares during the last quarter. 82.78% of the stock is owned by hedge funds and other institutional investors.
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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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