salesforce.com, inc. (NYSE:CRM) Insider Parker Harris Sells 4,300 Shares

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 4,300 shares of the firm’s stock in a transaction on Tuesday, October 12th. The shares were sold at an average price of $278.76, for a total transaction of $1,198,668.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Tuesday, October 5th, Parker Harris sold 4,300 shares of salesforce.com stock. The shares were sold at an average price of $272.51, for a total transaction of $1,171,793.00.
  • On Tuesday, September 28th, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $273.24, for a total transaction of $1,174,932.00.
  • On Thursday, September 23rd, Parker Harris sold 1,200 shares of salesforce.com stock. The stock was sold at an average price of $272.20, for a total transaction of $326,640.00.
  • On Tuesday, September 21st, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $259.60, for a total transaction of $1,116,280.00.
  • On Tuesday, September 14th, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $254.00, for a total transaction of $1,092,200.00.
  • On Tuesday, September 7th, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $265.45, for a total transaction of $1,141,435.00.
  • On Tuesday, August 24th, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $260.76, for a total transaction of $1,121,268.00.
  • On Tuesday, August 3rd, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $240.62, for a total transaction of $1,034,666.00.
  • On Friday, July 23rd, Parker Harris sold 560 shares of salesforce.com stock. The stock was sold at an average price of $248.21, for a total transaction of $138,997.60.
  • On Tuesday, July 20th, Parker Harris sold 4,300 shares of salesforce.com stock. The stock was sold at an average price of $240.56, for a total transaction of $1,034,408.00.

CRM opened at $284.41 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $278.44 billion, a price-to-earnings ratio of 114.22, a price-to-earnings-growth ratio of 7.35 and a beta of 1.09. The firm has a 50 day simple moving average of $262.92 and a 200 day simple moving average of $243.74. salesforce.com, inc. has a fifty-two week low of $201.51 and a fifty-two week high of $286.36.

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

A number of large investors have recently modified their holdings of CRM. Principal Financial Group Inc. increased its stake in salesforce.com by 1.6% in the first quarter. Principal Financial Group Inc. now owns 3,630,358 shares of the CRM provider’s stock valued at $769,163,000 after purchasing an additional 58,096 shares in the last quarter. E Fund Management Co. Ltd. bought a new stake in salesforce.com in the first quarter valued at approximately $7,309,000. Quilter Plc increased its stake in salesforce.com by 7.6% in the first quarter. Quilter Plc now owns 58,102 shares of the CRM provider’s stock valued at $12,310,000 after purchasing an additional 4,127 shares in the last quarter. FineMark National Bank & Trust increased its stake in salesforce.com by 20.5% in the first quarter. FineMark National Bank & Trust now owns 2,817 shares of the CRM provider’s stock valued at $597,000 after purchasing an additional 480 shares in the last quarter. Finally, Texas Yale Capital Corp. increased its stake in salesforce.com by 2.8% in the first quarter. Texas Yale Capital Corp. now owns 2,224 shares of the CRM provider’s stock valued at $471,000 after purchasing an additional 60 shares in the last quarter. 77.33% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on the stock. Piper Sandler upgraded shares of salesforce.com from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $280.00 to $365.00 in a research report on Friday, September 24th. Monness Crespi & Hardt lifted their target price on shares of salesforce.com from $300.00 to $328.00 and gave the company a “buy” rating in a research report on Friday, September 24th. JMP Securities lifted their target price on shares of salesforce.com from $320.00 to $325.00 and gave the company a “buy” rating in a research report on Friday, September 24th. Cowen reiterated a “buy” rating and set a $325.00 target price on shares of salesforce.com in a research report on Friday, September 24th. Finally, Wells Fargo & Company started coverage on shares of salesforce.com in a research report on Monday, September 20th. They set an “overweight” rating and a $325.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, salesforce.com has a consensus rating of “Buy” and an average target price of $311.27.

About salesforce.com

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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