Amy E. Weaver Sells 7,300 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CFO Amy E. Weaver sold 7,300 shares of the company’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $254.54, for a total value of $1,858,142.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Amy E. Weaver also recently made the following trade(s):

  • On Friday, July 23rd, Amy E. Weaver sold 509 shares of salesforce.com stock. The stock was sold at an average price of $248.21, for a total value of $126,338.89.

Shares of NYSE CRM opened at $260.53 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $252.10 and a 200 day simple moving average of $235.81. salesforce.com, inc. has a one year low of $201.51 and a one year high of $275.22. The firm has a market capitalization of $255.06 billion, a price-to-earnings ratio of 104.63, a PEG ratio of 7.35 and a beta of 1.09.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, August 24th. The CRM provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.56. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. The firm had revenue of $6.34 billion during the quarter, compared to analyst estimates of $6.25 billion. During the same period in the prior year, the company posted $1.44 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, research analysts anticipate that salesforce.com, inc. will post 2.09 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its stake in shares of salesforce.com by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 40,776 shares of the CRM provider’s stock valued at $9,960,000 after buying an additional 4,053 shares in the last quarter. Bfsg LLC increased its stake in shares of salesforce.com by 8.1% in the second quarter. Bfsg LLC now owns 14,740 shares of the CRM provider’s stock valued at $3,601,000 after buying an additional 1,110 shares in the last quarter. Summitry LLC acquired a new stake in shares of salesforce.com in the first quarter valued at $24,633,000. TIG Advisors LLC increased its stake in shares of salesforce.com by 221.4% in the first quarter. TIG Advisors LLC now owns 26,812 shares of the CRM provider’s stock valued at $5,681,000 after buying an additional 18,470 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of salesforce.com by 118.3% in the second quarter. Jaffetilchin Investment Partners LLC now owns 8,667 shares of the CRM provider’s stock valued at $2,016,000 after buying an additional 4,697 shares in the last quarter. Hedge funds and other institutional investors own 77.33% of the company’s stock.

A number of equities analysts recently commented on the company. Truist Securities increased their price objective on salesforce.com from $287.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, August 26th. Zacks Investment Research downgraded salesforce.com from a “hold” rating to a “sell” rating and set a $273.00 price objective on the stock. in a report on Wednesday, August 25th. Oppenheimer increased their price objective on salesforce.com from $265.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, August 26th. Roth Capital increased their price objective on salesforce.com from $200.00 to $242.00 and gave the stock a “neutral” rating in a report on Thursday, August 26th. Finally, Jefferies Financial Group assumed coverage on salesforce.com in a research report on Monday, August 23rd. They set a “buy” rating and a $300.00 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $298.58.

salesforce.com Company Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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