salesforce.com, inc. (NYSE:CRM) Insider Sells $318,461.22 in Stock

salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 2,277 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $139.86, for a total value of $318,461.22. Following the transaction, the insider now directly owns 32,235 shares of the company’s stock, valued at $4,508,387.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

CRM opened at $147.06 on Thursday. The business has a fifty day simple moving average of $169.75 and a 200 day simple moving average of $163.37. The company has a market capitalization of $125.77 billion, a PE ratio of 735.34, a price-to-earnings-growth 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 posted its quarterly earnings data on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.10. salesforce.com had a return on equity of 3.61% and a net margin of 0.74%. The firm had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter last year, the business earned $0.70 EPS. Equities analysts anticipate that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on CRM shares. Credit Suisse Group reiterated a “buy” rating and set a $215.00 price objective on shares of salesforce.com in a research note on Wednesday, February 26th. Goldman Sachs Group raised their target price on shares of salesforce.com from $191.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th. Mizuho raised their target price on shares of salesforce.com from $195.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Cfra upgraded shares of salesforce.com from a “buy” rating to a “strong-buy” rating and boosted their target price for the stock from $195.00 to $222.00 in a report on Friday, February 28th. Finally, Wedbush upped their price target on shares of salesforce.com from $192.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, forty have issued a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $200.71.

Hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew 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 worth $25,000 after purchasing an additional 75 shares in the last quarter. OLD Second National Bank of Aurora raised its position in shares of salesforce.com by 115.6% in the fourth quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock valued at $27,000 after buying an additional 89 shares in the last quarter. NWK Group Inc. acquired a new stake in shares of salesforce.com in the fourth quarter valued at approximately $28,000. Engrave Wealth Partners LLC acquired a new stake in shares of salesforce.com in the fourth quarter valued at approximately $32,000. Finally, Asset Dedication LLC boosted its stake in shares of salesforce.com by 270.5% in the fourth quarter. Asset Dedication LLC now owns 226 shares of the CRM provider’s stock valued at $37,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 82.25% of the company’s stock.

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

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