Parker Harris Sells 620 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.97, for a total transaction of $97,321.40. Following the completion of the transaction, the insider now directly owns 74,604 shares in the company, valued at $11,710,589.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, December 3rd, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $160.41, for a total transaction of $99,454.20.
  • On Tuesday, November 19th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $163.22, for a total transaction of $101,196.40.
  • On Tuesday, November 12th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $163.00, for a total transaction of $101,060.00.
  • On Tuesday, November 5th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $157.50, for a total transaction of $97,650.00.
  • On Tuesday, October 29th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $155.44, for a total transaction of $96,372.80.
  • On Tuesday, October 22nd, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $143.68, for a total transaction of $89,081.60.
  • On Tuesday, October 15th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $151.99, for a total transaction of $94,233.80.
  • On Tuesday, October 8th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $147.27, for a total transaction of $91,307.40.
  • On Tuesday, October 1st, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $148.21, for a total transaction of $91,890.20.
  • On Tuesday, September 17th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $152.31, for a total transaction of $94,432.20.

salesforce.com stock traded up $2.17 during trading hours on Friday, reaching $160.76. 155,328 shares of the stock were exchanged, compared to its average volume of 5,398,101. The company has a market cap of $138.72 billion, a P/E ratio of 110.60, a price-to-earnings-growth ratio of 6.53 and a beta of 1.24. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.16. salesforce.com, inc. has a twelve month low of $120.16 and a twelve month high of $167.56. The stock has a 50 day moving average of $159.17 and a two-hundred day moving average of $153.49.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period last year, the company posted $0.61 EPS. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. On average, analysts expect that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Investors Research Corp boosted its stake in shares of salesforce.com by 159.1% in the 3rd quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 105 shares in the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in shares of salesforce.com in the 2nd quarter valued at approximately $26,000. Acima Private Wealth LLC boosted its stake in shares of salesforce.com by 250.0% in the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Enterprise Trust & Investment Co boosted its stake in shares of salesforce.com by 234.4% in the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. Finally, Strategic Blueprint LLC acquired a new stake in shares of salesforce.com in the 3rd quarter valued at approximately $30,000. Institutional investors own 81.34% of the company’s stock.

CRM has been the topic of several research reports. Roth Capital restated a “neutral” rating on shares of salesforce.com in a research note on Wednesday, December 4th. Cross Research restated an “outperform” rating on shares of salesforce.com in a research note on Thursday, December 5th. ValuEngine downgraded shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upped their price target on shares of salesforce.com from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of salesforce.com from a “buy” rating to a “hold” rating and set a $166.00 price target on the stock. in a research note on Thursday, October 31st. Five investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $189.68.

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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