Salesforce.com (CRM) Insider Sells $208,110.00 in Stock

Salesforce.com (NYSE:CRM) insider Parker Harris sold 1,750 shares of the stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $118.92, for a total transaction of $208,110.00. Following the sale, the insider now directly owns 18,157 shares of the company’s stock, valued at approximately $2,159,230.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, April 3rd, Parker Harris sold 1,750 shares of Salesforce.com stock. The shares were sold at an average price of $117.10, for a total transaction of $204,925.00.
  • On Tuesday, March 20th, Parker Harris sold 1,750 shares of Salesforce.com stock. The shares were sold at an average price of $124.45, for a total transaction of $217,787.50.
  • On Tuesday, March 13th, Parker Harris sold 1,750 shares of Salesforce.com stock. The shares were sold at an average price of $127.80, for a total transaction of $223,650.00.
  • On Tuesday, March 6th, Parker Harris sold 1,750 shares of Salesforce.com stock. The shares were sold at an average price of $123.00, for a total transaction of $215,250.00.
  • On Tuesday, February 20th, Parker Harris sold 1,750 shares of Salesforce.com stock. The shares were sold at an average price of $112.45, for a total transaction of $196,787.50.
  • On Tuesday, February 13th, Parker Harris sold 1,877 shares of Salesforce.com stock. The shares were sold at an average price of $107.70, for a total transaction of $202,152.90.
  • On Tuesday, February 6th, Parker Harris sold 1,850 shares of Salesforce.com stock. The shares were sold at an average price of $105.01, for a total transaction of $194,268.50.
  • On Tuesday, January 30th, Parker Harris sold 1,850 shares of Salesforce.com stock. The shares were sold at an average price of $112.40, for a total transaction of $207,940.00.
  • On Tuesday, January 23rd, Parker Harris sold 1,850 shares of Salesforce.com stock. The shares were sold at an average price of $113.18, for a total transaction of $209,383.00.
  • On Tuesday, January 16th, Parker Harris sold 1,850 shares of Salesforce.com stock. The shares were sold at an average price of $110.85, for a total transaction of $205,072.50.

NYSE CRM opened at $121.40 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The stock has a market cap of $86,069.27, a PE ratio of 264.80, a P/E/G ratio of 5.07 and a beta of 1.23. Salesforce.com has a 52-week low of $83.00 and a 52-week high of $128.87.



Salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. Salesforce.com’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. equities research analysts expect that Salesforce.com will post 0.97 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in Salesforce.com by 196.4% in the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares in the last quarter. First Mercantile Trust Co. acquired a new stake in Salesforce.com in the 4th quarter worth about $123,000. Cerebellum GP LLC acquired a new stake in Salesforce.com in the 4th quarter worth about $125,000. Icon Wealth Partners LLC acquired a new stake in Salesforce.com in the 4th quarter worth about $131,000. Finally, Truewealth LLC acquired a new stake in Salesforce.com in the 4th quarter worth about $133,000. Institutional investors own 86.69% of the company’s stock.

CRM has been the subject of a number of analyst reports. Royal Bank of Canada set a $120.00 target price on shares of Salesforce.com and gave the company a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley raised their target price on shares of Salesforce.com from $134.00 to $140.00 and gave the company an “overweight” rating in a research report on Friday, March 2nd. Vetr downgraded shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $113.54 target price for the company. in a research report on Monday, February 19th. Cleveland Research initiated coverage on shares of Salesforce.com in a research report on Wednesday, January 31st. They issued a “buy” rating for the company. Finally, Barclays reaffirmed an “overweight” rating and issued a $127.00 target price (up previously from $117.00) on shares of Salesforce.com in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-six have given a buy rating to the company. Salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $124.85.

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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.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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