Parker Harris Sells 5,710 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 5,710 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $120.62, for a total value of $688,740.20. Following the transaction, the insider now directly owns 27,937 shares in the company, valued at $3,369,760.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, November 13th, Parker Harris sold 5,710 shares of salesforce.com stock. The stock was sold at an average price of $131.92, for a total value of $753,263.20.
  • On Tuesday, November 6th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $134.97, for a total value of $770,813.67.
  • On Tuesday, October 30th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $130.92, for a total value of $747,684.12.
  • On Tuesday, October 23rd, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $140.14, for a total value of $800,339.54.
  • On Tuesday, October 9th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $148.72, for a total value of $849,339.92.
  • On Tuesday, September 25th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $158.48, for a total value of $905,079.28.
  • On Tuesday, September 11th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $152.69, for a total value of $872,012.59.
  • On Tuesday, September 4th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $152.54, for a total value of $871,155.94.

Shares of NYSE CRM opened at $123.59 on Friday. salesforce.com, inc. has a twelve month low of $98.68 and a twelve month high of $161.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $93.52 billion, a PE ratio of 274.64, a PEG ratio of 4.06 and a beta of 1.38.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up 27.3% on a year-over-year basis. On average, equities analysts forecast that salesforce.com, inc. will post 1.22 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Botty Investors LLC acquired a new position in salesforce.com during the 3rd quarter valued at approximately $123,000. Psagot Investment House Ltd. acquired a new position in salesforce.com during the 3rd quarter valued at approximately $134,000. Resources Investment Advisors Inc. boosted its position in salesforce.com by 328.2% during the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock valued at $172,000 after purchasing an additional 965 shares during the period. United Capital Management of KS Inc. acquired a new position in salesforce.com during the 3rd quarter valued at approximately $193,000. Finally, Sky Investment Group LLC acquired a new position in salesforce.com during the 3rd quarter valued at approximately $204,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

CRM has been the topic of several recent research reports. Zacks Investment Research lowered salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Societe Generale set a $170.00 price objective on salesforce.com and gave the stock a “buy” rating in a report on Tuesday, August 14th. Morgan Stanley lifted their price objective on salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, August 14th. Piper Jaffray Companies lifted their price objective on salesforce.com from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, August 15th. Finally, UBS Group lifted their price objective on salesforce.com from $153.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. Six analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. salesforce.com currently has a consensus rating of “Buy” and an average target price of $166.84.

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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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