Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,027 shares of the business’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $89.17, for a total value of $715,767.59. Following the completion of the transaction, the insider now directly owns 49,913 shares in the company, valued at approximately $4,450,742.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Parker Harris also recently made the following trade(s):
- On Tuesday, August 1st, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $91.30, for a total value of $732,865.10.
- On Tuesday, July 25th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.38, for a total value of $725,480.26.
- On Tuesday, July 11th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $88.22, for a total value of $708,141.94.
- On Wednesday, July 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.12, for a total value of $699,312.24.
- On Tuesday, June 20th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.27, for a total value of $700,516.29.
- On Tuesday, June 13th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.31, for a total value of $700,837.37.
- On Tuesday, May 30th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.82, for a total value of $729,012.14.
- On Tuesday, May 16th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $89.79, for a total value of $720,744.33.
Shares of Salesforce.com Inc (CRM) opened at 90.50 on Tuesday. The company has a market cap of $64.45 billion, a price-to-earnings ratio of 478.84 and a beta of 1.29. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $92.13. The firm has a 50 day moving average price of $88.60 and a 200-day moving average price of $85.06.
Salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. Salesforce.com’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, equities analysts expect that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.
A number of research analysts have recently commented on the company. Northland Securities set a $105.00 price target on Salesforce.com and gave the company a “buy” rating in a research report on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $102.00 price target on shares of Salesforce.com in a research report on Monday, July 31st. Credit Suisse Group assumed coverage on Salesforce.com in a research note on Tuesday, August 1st. They set an “outperform” rating and a $110.00 price objective on the stock. BidaskClub lowered Salesforce.com from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $97.41.
A number of hedge funds have recently bought and sold shares of CRM. Dimensional Fund Advisors LP increased its position in shares of Salesforce.com by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 686,065 shares of the CRM provider’s stock worth $46,972,000 after buying an additional 12,512 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Salesforce.com during the fourth quarter worth about $16,734,000. Perigon Wealth Management LLC increased its position in shares of Salesforce.com by 49.2% in the fourth quarter. Perigon Wealth Management LLC now owns 46,770 shares of the CRM provider’s stock worth $3,845,000 after buying an additional 15,413 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Salesforce.com by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 2,653,210 shares of the CRM provider’s stock worth $181,639,000 after buying an additional 633,760 shares during the last quarter. Finally, Kentucky Retirement Systems acquired a new position in shares of Salesforce.com during the fourth quarter worth about $3,171,000. Institutional investors own 85.87% of the company’s stock.
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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