salesforce.com, inc. (CRM) Insider Parker Harris Sells 6,331 Shares

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 6,331 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $158.33, for a total transaction of $1,002,387.23. Following the transaction, the insider now directly owns 31,257 shares in the company, valued at $4,948,920.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, February 19th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $160.72, for a total transaction of $1,017,518.32.
  • On Tuesday, February 12th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $162.35, for a total transaction of $927,180.85.
  • On Tuesday, January 29th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $145.80, for a total value of $923,059.80.
  • On Tuesday, January 8th, Parker Harris sold 6,331 shares of salesforce.com stock. The shares were sold at an average price of $144.99, for a total value of $917,931.69.

NYSE CRM opened at $160.67 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.86. salesforce.com, inc. has a twelve month low of $111.34 and a twelve month high of $166.15. The stock has a market capitalization of $122.03 billion, a P/E ratio of 110.81, a P/E/G ratio of 5.26 and a beta of 1.40.



salesforce.com (NYSE:CRM) last released its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter last year, the company earned $0.35 earnings per share. As a group, sell-side analysts anticipate that salesforce.com, inc. will post 1.31 earnings per share for the current year.

CRM has been the topic of several research analyst reports. Wedbush raised their price target on salesforce.com from $160.00 to $166.00 in a research report on Sunday, December 2nd. TheStreet raised salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Credit Suisse Group reaffirmed a “buy” rating and issued a $175.00 price target on shares of salesforce.com in a research report on Wednesday, November 28th. Citigroup raised their price target on salesforce.com from $178.00 to $183.00 and gave the company a “buy” rating in a research report on Wednesday, November 28th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $160.00 price target on shares of salesforce.com in a research report on Wednesday, November 28th. Three research analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com has a consensus rating of “Buy” and a consensus target price of $177.82.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRM. Patriot Financial Group Insurance Agency LLC bought a new position in salesforce.com during the fourth quarter worth about $28,000. Semmax Financial Advisors Inc. bought a new position in salesforce.com during the fourth quarter worth about $36,000. Aspire Private Capital LLC bought a new position in salesforce.com during the fourth quarter worth about $36,000. Intercontinental Wealth Advisors LLC bought a new position in salesforce.com during the fourth quarter worth about $36,000. Finally, Certified Advisory Corp lifted its stake in salesforce.com by 52.4% during the fourth quarter. Certified Advisory Corp now owns 291 shares of the CRM provider’s stock worth $40,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 82.84% of the company’s stock.

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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.

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