Parker Harris Sells 1,808 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,808 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $134.96, for a total transaction of $244,007.68. Following the completion of the transaction, the insider now directly owns 20,192 shares in the company, valued at approximately $2,725,112.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Tuesday, June 5th, Parker Harris sold 1,700 shares of salesforce.com stock. The shares were sold at an average price of $133.00, for a total transaction of $226,100.00.
  • On Tuesday, May 22nd, Parker Harris sold 1,700 shares of salesforce.com stock. The shares were sold at an average price of $126.66, for a total transaction of $215,322.00.
  • On Tuesday, May 15th, Parker Harris sold 1,700 shares of salesforce.com stock. The shares were sold at an average price of $126.93, for a total transaction of $215,781.00.
  • On Tuesday, May 8th, Parker Harris sold 1,700 shares of salesforce.com stock. The shares were sold at an average price of $126.59, for a total transaction of $215,203.00.
  • On Tuesday, May 1st, Parker Harris sold 1,934 shares of salesforce.com stock. The stock was sold at an average price of $120.70, for a total transaction of $233,433.80.
  • On Tuesday, April 17th, Parker Harris sold 1,750 shares of salesforce.com stock. The stock was sold at an average price of $120.40, for a total transaction of $210,700.00.
  • On Tuesday, April 10th, Parker Harris sold 1,750 shares of salesforce.com stock. The stock was sold at an average price of $118.92, for a total transaction of $208,110.00.
  • On Tuesday, April 3rd, Parker Harris sold 1,750 shares of salesforce.com stock. The stock was 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 stock was sold at an average price of $124.45, for a total transaction of $217,787.50.

CRM traded up $1.91 on Thursday, hitting $138.41. 6,467,246 shares of the stock were exchanged, compared to its average volume of 5,469,455. salesforce.com, inc. has a 12 month low of $84.89 and a 12 month high of $139.75. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $98.33 billion, a price-to-earnings ratio of 307.58, a P/E/G ratio of 5.35 and a beta of 1.26.



salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.28. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The business had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business posted $0.28 earnings per share. salesforce.com’s revenue was up 25.4% compared to the same quarter last year. sell-side analysts anticipate that salesforce.com, inc. will post 1 EPS for the current fiscal year.

Several research analysts recently weighed in on the stock. Credit Suisse Group lifted their price objective on shares of salesforce.com from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. SunTrust Banks lifted their price objective on shares of salesforce.com to $133.00 and gave the stock a “buy” rating in a research note on Thursday, March 1st. Wedbush reissued an “outperform” rating and set a $140.00 price objective on shares of salesforce.com in a research note on Thursday, April 5th. Zacks Investment Research raised shares of salesforce.com from a “hold” rating to a “strong-buy” rating and set a $145.00 price objective on the stock in a research note on Tuesday, May 22nd. Finally, Sanford C. Bernstein lifted their price objective on shares of salesforce.com from $125.00 to $135.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 30th. Six analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $133.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd lifted its position in salesforce.com by 64.1% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 409 shares during the period. Altium Wealth Management LLC raised its stake in salesforce.com by 15.8% during the first quarter. Altium Wealth Management LLC now owns 3,271 shares of the CRM provider’s stock worth $381,000 after acquiring an additional 446 shares in the last quarter. Mogy Joel R Investment Counsel Inc. raised its stake in salesforce.com by 0.3% during the first quarter. Mogy Joel R Investment Counsel Inc. now owns 187,886 shares of the CRM provider’s stock worth $21,851,000 after acquiring an additional 475 shares in the last quarter. Cetera Advisors LLC raised its stake in salesforce.com by 17.5% during the fourth quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock worth $334,000 after acquiring an additional 485 shares in the last quarter. Finally, Zeke Capital Advisors LLC raised its stake in salesforce.com by 3.1% during the first quarter. Zeke Capital Advisors LLC now owns 15,968 shares of the CRM provider’s stock worth $1,857,000 after acquiring an additional 487 shares in the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

About salesforce.com

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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