Parker Harris Sells 620 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $149.85, for a total transaction of $92,907.00. Following the sale, the insider now owns 31,375 shares of the company’s stock, valued at approximately $4,701,543.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, August 27th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $153.90, for a total transaction of $95,418.00.
  • On Tuesday, August 20th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $145.50, for a total transaction of $90,210.00.
  • On Tuesday, August 13th, Parker Harris sold 620 shares of salesforce.com stock. The shares were sold at an average price of $143.64, for a total transaction of $89,056.80.
  • On Tuesday, August 6th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $143.18, for a total transaction of $88,771.60.
  • On Tuesday, July 30th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $157.06, for a total transaction of $97,377.20.
  • On Tuesday, July 9th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $153.35, for a total transaction of $95,077.00.

NYSE CRM traded up $0.11 during trading on Tuesday, reaching $149.65. The company’s stock had a trading volume of 5,728,549 shares, compared to its average volume of 6,081,173. The stock has a market capitalization of $132.49 billion, a PE ratio of 103.21, a P/E/G ratio of 5.57 and a beta of 1.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a fifty day moving average of $150.09 and a 200 day moving average of $155.68. salesforce.com, inc. has a one year low of $113.60 and a one year high of $167.56.



salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.57. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts expect that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in CRM. Chemung Canal Trust Co. lifted its holdings in shares of salesforce.com by 1.2% during the 2nd quarter. Chemung Canal Trust Co. now owns 44,078 shares of the CRM provider’s stock worth $6,688,000 after acquiring an additional 505 shares during the last quarter. Hills Bank & Trust Co. raised its stake in shares of salesforce.com by 5.3% during the second quarter. Hills Bank & Trust Co. now owns 9,480 shares of the CRM provider’s stock worth $1,438,000 after acquiring an additional 473 shares in the last quarter. Chicago Capital LLC lifted its holdings in shares of salesforce.com by 3.1% in the 2nd quarter. Chicago Capital LLC now owns 209,748 shares of the CRM provider’s stock worth $31,825,000 after acquiring an additional 6,237 shares during the last quarter. Ibex Wealth Advisors bought a new stake in shares of salesforce.com in the 2nd quarter worth approximately $63,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of salesforce.com by 1.0% in the 2nd quarter. Retirement Systems of Alabama now owns 612,105 shares of the CRM provider’s stock worth $92,875,000 after acquiring an additional 5,888 shares during the last quarter. 73.81% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have issued reports on CRM shares. FBN Securities set a $200.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Friday, August 23rd. KeyCorp set a $180.00 price target on salesforce.com and gave the company a “buy” rating in a research report on Thursday, August 22nd. Canaccord Genuity increased their price target on salesforce.com from $175.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. They noted that the move was a valuation call. OTR Global raised salesforce.com to a “positive” rating in a report on Thursday, August 15th. Finally, Wedbush restated an “outperform” rating and issued a $184.00 price objective (down from $192.00) on shares of salesforce.com in a research note on Tuesday, August 20th. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and an average price target of $183.82.

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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