Insider Selling: salesforce.com, inc. (NYSE:CRM) Insider Sells 620 Shares of Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $143.64, for a total value of $89,056.80. Following the transaction, the insider now directly owns 30,092 shares in the company, valued at $4,322,414.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, August 6th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $143.18, for a total value of $88,771.60.
  • On Tuesday, July 30th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $157.06, for a total value of $97,377.20.
  • On Tuesday, July 9th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $153.35, for a total value of $95,077.00.
  • On Tuesday, June 11th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $151.38, for a total value of $93,855.60.
  • On Tuesday, June 4th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $147.30, for a total value of $91,326.00.
  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $156.09, for a total value of $96,775.80.

Shares of NYSE CRM traded up $3.16 during mid-day trading on Tuesday, reaching $143.88. 4,827,218 shares of the company traded hands, compared to its average volume of 5,914,693. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a market cap of $111.26 billion, a PE ratio of 99.23, a PEG ratio of 5.27 and a beta of 1.27. The company’s fifty day moving average is $152.88. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56.



salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.32. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 EPS. As a group, sell-side analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current year.

Several research analysts recently weighed in on CRM shares. Royal Bank of Canada reissued a “buy” rating and set a $181.00 price target on shares of salesforce.com in a research report on Monday, June 17th. UBS Group set a $190.00 price target on salesforce.com and gave the company a “buy” rating in a research report on Tuesday, June 11th. ValuEngine lowered salesforce.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barclays reissued a “buy” rating and set a $182.00 price target on shares of salesforce.com in a research report on Tuesday, June 11th. Finally, OTR Global lowered salesforce.com to a “positive” rating in a research report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $180.00.

Several hedge funds and other institutional investors have recently modified their holdings of CRM. Avondale Wealth Management increased its holdings in shares of salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of salesforce.com during the 2nd quarter valued at about $26,000. Citizens Financial Group Inc RI acquired a new position in shares of salesforce.com during the 1st quarter valued at about $27,000. Arcadia Investment Management Corp MI increased its holdings in shares of salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 68 shares during the last quarter. Finally, Avestar Capital LLC increased its holdings in shares of salesforce.com by 108.7% during the 1st quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. 82.05% of the stock is currently 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.

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