Salesforce.com Inc (NYSE:CRM) Director John Victor Roos sold 228 shares of the business’s stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $89.69, for a total value of $20,449.32. Following the completion of the transaction, the director now owns 16,132 shares in the company, valued at $1,446,879.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
John Victor Roos also recently made the following trade(s):
- On Thursday, July 27th, John Victor Roos sold 228 shares of Salesforce.com stock. The stock was sold at an average price of $91.31, for a total value of $20,818.68.
- On Thursday, July 13th, John Victor Roos sold 228 shares of Salesforce.com stock. The stock was sold at an average price of $90.50, for a total value of $20,634.00.
- On Thursday, July 6th, John Victor Roos sold 228 shares of Salesforce.com stock. The shares were sold at an average price of $86.62, for a total value of $19,749.36.
- On Thursday, June 29th, John Victor Roos sold 228 shares of Salesforce.com stock. The shares were sold at an average price of $87.65, for a total value of $19,984.20.
- On Thursday, June 22nd, John Victor Roos sold 228 shares of Salesforce.com stock. The shares were sold at an average price of $88.03, for a total value of $20,070.84.
- On Thursday, June 15th, John Victor Roos sold 228 shares of Salesforce.com stock. The shares were sold at an average price of $85.99, for a total value of $19,605.72.
- On Thursday, June 8th, John Victor Roos sold 228 shares of Salesforce.com stock. The shares were sold at an average price of $91.39, for a total value of $20,836.92.
- On Thursday, June 1st, John Victor Roos sold 228 shares of Salesforce.com stock. The shares were sold at an average price of $90.00, for a total value of $20,520.00.
- On Thursday, May 25th, John Victor Roos sold 191 shares of Salesforce.com stock. The shares were sold at an average price of $90.04, for a total value of $17,197.64.
- On Thursday, May 18th, John Victor Roos sold 194 shares of Salesforce.com stock. The stock was sold at an average price of $87.90, for a total value of $17,052.60.
Shares of Salesforce.com Inc (NYSE CRM) traded up 0.20% during midday trading on Monday, reaching $90.80. 3,002,885 shares of the company’s stock traded hands. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $92.13. The stock has a 50 day moving average of $88.46 and a 200-day moving average of $84.94. The stock has a market cap of $64.67 billion, a price-to-earnings ratio of 480.42 and a beta of 1.28.
Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Salesforce.com’s revenue for the quarter was up 24.6% compared to the same quarter last year. On average, equities research analysts expect that Salesforce.com Inc will post $1.30 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Retirement Systems of Alabama raised its position in Salesforce.com by 52.1% in the second quarter. Retirement Systems of Alabama now owns 679,203 shares of the CRM provider’s stock worth $58,819,000 after buying an additional 232,636 shares in the last quarter. Seatown Holdings Pte. Ltd. acquired a new position in shares of Salesforce.com during the second quarter valued at about $24,248,000. Korea Investment CORP raised its position in shares of Salesforce.com by 21.4% in the second quarter. Korea Investment CORP now owns 750,459 shares of the CRM provider’s stock valued at $64,990,000 after buying an additional 132,327 shares during the period. Welch & Forbes LLC raised its position in shares of Salesforce.com by 11.5% in the second quarter. Welch & Forbes LLC now owns 2,972 shares of the CRM provider’s stock worth $257,000 after buying an additional 306 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Salesforce.com by 15.9% in the second quarter. Stratos Wealth Partners LTD. now owns 4,496 shares of the CRM provider’s stock worth $389,000 after buying an additional 617 shares during the last quarter. Institutional investors own 85.80% of the company’s stock.
Several brokerages recently issued reports on CRM. Royal Bank Of Canada reissued an “outperform” rating and issued a $102.00 price objective (up previously from $100.00) on shares of Salesforce.com in a research note on Friday, May 19th. Zacks Investment Research lowered Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price objective on shares of Salesforce.com in a report on Monday, May 22nd. Benchmark Co. increased their price objective on Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Vetr upgraded Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 price objective for the company in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $97.41.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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