Insider Buying: Salesforce.com Inc. (CRM) Director Acquires 1,403 Shares of Stock
Salesforce.com Inc. (NYSE:CRM) Director Susan Wojcicki acquired 1,403 shares of the stock in a transaction dated Monday, October 3rd. The stock was acquired at an average cost of $71.26 per share, for a total transaction of $99,977.78. Following the purchase, the director now directly owns 15,550 shares in the company, valued at $1,108,093. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Susan Wojcicki also recently made the following trade(s):
- On Monday, September 19th, Susan Wojcicki acquired 1,356 shares of Salesforce.com stock. The stock was acquired at an average cost of $73.71 per share, for a total transaction of $99,950.76.
Shares of Salesforce.com Inc. (NYSE:CRM) traded up 2.99% on Tuesday, hitting $72.63. The company had a trading volume of 11,238,162 shares. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The company has a 50 day moving average price of $74.94 and a 200 day moving average price of $77.82. The firm has a market capitalization of $49.75 billion, a price-to-earnings ratio of 224.17 and a beta of 1.59.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The business earned $2.04 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the prior year, the company posted $0.19 earnings per share. Salesforce.com’s revenue was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that Salesforce.com Inc. will post $0.95 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Signaturefd LLC boosted its position in Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares in the last quarter. M&R Capital Management Inc. acquired a new position in Salesforce.com during the second quarter valued at $119,000. Ropes Wealth Advisors LLC boosted its position in Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock valued at $143,000 after buying an additional 1,009 shares in the last quarter. Mycio Wealth Partners LLC boosted its position in Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock valued at $149,000 after buying an additional 44 shares in the last quarter. Finally, Trust Co. of Vermont boosted its position in Salesforce.com by 123.8% in the second quarter. Trust Co. of Vermont now owns 1,936 shares of the CRM provider’s stock valued at $154,000 after buying an additional 1,071 shares in the last quarter. Institutional investors and hedge funds own 87.23% of the company’s stock.
Several equities analysts have recently issued reports on CRM shares. Bank of America Corp. reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Wednesday, June 8th. Brean Capital reissued a “buy” rating and issued a $110.00 target price on shares of Salesforce.com in a research report on Thursday, June 9th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Salesforce.com in a research report on Monday, June 13th. SunTrust Banks Inc. reissued a “buy” rating and issued a $98.00 target price on shares of Salesforce.com in a research report on Tuesday, June 14th. Finally, BMO Capital Markets started coverage on shares of Salesforce.com in a research report on Tuesday, June 14th. They issued an “outperform” rating and a $98.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $92.49.
Salesforce.com Company Profile
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.
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