salesforce.com, inc. (NYSE:CRM) Insider Sells $793,969.70 in Stock

salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $141.10, for a total transaction of $793,969.70. Following the transaction, the insider now directly owns 33,316 shares of the company’s stock, valued at $4,700,887.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of CRM stock traded up $2.41 during trading hours on Thursday, reaching $142.13. The company had a trading volume of 6,544,630 shares, compared to its average volume of 5,936,539. The business has a fifty day moving average price of $152.52 and a 200-day moving average price of $156.59. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56. The firm has a market cap of $109.20 billion, a PE ratio of 98.02, a price-to-earnings-growth ratio of 5.17 and a beta of 1.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the business posted $0.74 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. Equities research analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current year.



A number of brokerages recently issued reports on CRM. 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. Morgan Stanley set a $178.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Monday. ValuEngine cut shares of salesforce.com from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Nomura reissued a “buy” rating and set a $180.00 price target on shares of salesforce.com in a research report on Tuesday. Finally, OTR Global raised shares of salesforce.com to a “positive” rating in a research report on Thursday. Four analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $180.00.

Several hedge funds have recently made changes to their positions in CRM. Avondale Wealth Management grew its stake in shares of salesforce.com by 100.0% in the first quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 80 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in salesforce.com during the second quarter valued at approximately $26,000. Citizens Financial Group Inc RI bought a new stake in salesforce.com during the first quarter valued at approximately $27,000. Arcadia Investment Management Corp MI grew its position in salesforce.com by 63.0% during the first quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after buying an additional 68 shares during the period. Finally, Avestar Capital LLC grew its position in salesforce.com by 108.7% during the first quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock valued at $28,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 82.05% of the company’s stock.

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

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