salesforce.com, inc. (NYSE:CRM) COO Sells $254,405.34 in Stock

salesforce.com, inc. (NYSE:CRM) COO Bret Steven Taylor sold 1,819 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $139.86, for a total transaction of $254,405.34. Following the sale, the chief operating officer now directly owns 1,088,288 shares of the company’s stock, valued at $152,207,959.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of CRM stock opened at $147.06 on Thursday. The firm has a fifty day moving average of $169.75 and a two-hundred day moving average of $163.37. The firm has a market cap of $125.77 billion, a P/E ratio of 735.34, a P/E/G ratio of 5.97 and a beta of 1.07. salesforce.com, inc. has a 1-year low of $115.29 and a 1-year high of $195.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 1.08.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.10. salesforce.com had a net margin of 0.74% and a return on equity of 3.61%. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.75 billion. During the same quarter in the prior year, the business posted $0.70 EPS. On average, sell-side analysts expect that salesforce.com, inc. will post 1.28 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Sound Income Strategies LLC raised its position in shares of salesforce.com by 93.8% during the 4th quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. OLD Second National Bank of Aurora lifted its stake in salesforce.com by 115.6% during the fourth quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. NWK Group Inc. acquired a new position in salesforce.com in the fourth quarter worth $28,000. Engrave Wealth Partners LLC acquired a new position in salesforce.com in the fourth quarter worth $32,000. Finally, Asset Dedication LLC boosted its holdings in salesforce.com by 270.5% in the fourth quarter. Asset Dedication LLC now owns 226 shares of the CRM provider’s stock worth $37,000 after purchasing an additional 165 shares during the period. 82.25% of the stock is owned by hedge funds and other institutional investors.

CRM has been the topic of several research reports. Cross Research reissued an “outperform” rating on shares of salesforce.com in a research report on Thursday, December 5th. Cowen restated a “buy” rating and set a $220.00 price objective on shares of salesforce.com in a research note on Friday, March 20th. Wells Fargo & Co reaffirmed a “buy” rating on shares of salesforce.com in a research report on Tuesday. Needham & Company LLC reiterated a “hold” rating on shares of salesforce.com in a research note on Wednesday, December 4th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $215.00 target price on shares of salesforce.com in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $200.71.

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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