salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 114 shares of salesforce.com stock in a transaction dated Thursday, January 10th. The stock was sold at an average price of $143.98, for a total value of $16,413.72. Following the sale, the director now directly owns 11,841 shares of the company’s stock, valued at $1,704,867.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
John Victor Roos also recently made the following trade(s):
- On Thursday, January 3rd, John Victor Roos sold 114 shares of salesforce.com stock. The stock was sold at an average price of $133.48, for a total value of $15,216.72.
- On Thursday, December 27th, John Victor Roos sold 114 shares of salesforce.com stock. The stock was sold at an average price of $128.80, for a total value of $14,683.20.
CRM stock opened at $147.55 on Friday. salesforce.com, inc. has a 1 year low of $102.37 and a 1 year high of $161.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $111.68 billion, a P/E ratio of 327.89, a P/E/G ratio of 4.59 and a beta of 1.28.
salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $3.37 billion. During the same quarter in the prior year, the company earned $0.39 EPS. salesforce.com’s revenue was up 25.6% on a year-over-year basis. Analysts expect that salesforce.com, inc. will post 1.32 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of CRM. FMR LLC lifted its stake in salesforce.com by 3.5% in the 2nd quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after buying an additional 3,066,099 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in shares of salesforce.com by 6.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 7,015 shares of the CRM provider’s stock worth $955,000 after purchasing an additional 437 shares during the period. BB&T Securities LLC lifted its stake in shares of salesforce.com by 13.2% during the 2nd quarter. BB&T Securities LLC now owns 22,420 shares of the CRM provider’s stock worth $3,058,000 after purchasing an additional 2,621 shares during the period. OLD Mission Capital LLC purchased a new position in shares of salesforce.com during the 2nd quarter worth $300,000. Finally, Flagship Harbor Advisors LLC lifted its stake in shares of salesforce.com by 51.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 3,462 shares of the CRM provider’s stock worth $472,000 after purchasing an additional 1,174 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on CRM shares. Royal Bank of Canada boosted their target price on salesforce.com to $182.00 in a report on Thursday, September 27th. They noted that the move was a valuation call. Wedbush boosted their target price on salesforce.com from $160.00 to $166.00 in a report on Sunday, December 2nd. Rosenblatt Securities reissued a “buy” rating and issued a $178.00 target price on shares of salesforce.com in a report on Tuesday, October 2nd. Deutsche Bank boosted their target price on salesforce.com from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, September 28th. Finally, Credit Suisse Group set a $175.00 target price on salesforce.com and gave the company a “buy” rating in a report on Thursday, September 27th. Three investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com has a consensus rating of “Buy” and a consensus target price of $170.05.
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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.
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