Salesforce.com Inc. (NYSE:CRM) insider Parker Harris sold 5,000 shares of the stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $71.29, for a total value of $356,450.00. Following the completion of the sale, the insider now directly owns 39,467 shares of the company’s stock, valued at $2,813,602.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, September 27th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $70.13, for a total value of $350,650.00.
  • On Tuesday, September 20th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.08, for a total value of $365,400.00.
  • On Tuesday, September 13th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.21, for a total value of $366,050.00.
  • On Tuesday, September 6th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $75.26, for a total value of $376,300.00.
  • On Tuesday, August 30th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $79.68, for a total value of $398,400.00.
  • On Tuesday, August 23rd, Parker Harris sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $78.01, for a total value of $390,050.00.
  • On Tuesday, August 16th, Parker Harris sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $78.33, for a total value of $391,650.00.
  • On Tuesday, August 9th, Parker Harris sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $81.31, for a total value of $406,550.00.
  • On Tuesday, August 2nd, Parker Harris sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $80.19, for a total value of $400,950.00.
  • On Tuesday, July 26th, Parker Harris sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $81.73, for a total value of $408,650.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 68.42 on Thursday. The company’s 50 day moving average price is $74.66 and its 200 day moving average price is $77.76. The company has a market cap of $46.87 billion, a price-to-earnings ratio of 211.17 and a beta of 1.59. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company earned $2.04 billion during the quarter, compared to analyst estimates of $2.02 billion. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the company earned $0.19 earnings per share. On average, equities analysts expect that Salesforce.com Inc. will post $0.95 EPS for the current fiscal year.

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

Several research analysts have issued reports on CRM shares. DA Davidson set a $86.00 price objective on Salesforce.com and gave the stock a “hold” rating in a research note on Sunday, September 11th. FBN Securities set a $90.00 price objective on Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 price objective on Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. Morgan Stanley reiterated a “buy” rating on shares of Salesforce.com in a research note on Tuesday, June 28th. Finally, BNP Paribas reiterated a “buy” rating and set a $95.00 price objective on shares of Salesforce.com in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $92.56.

Large investors have recently bought and sold shares of the stock. New England Research & Management Inc. acquired a new stake in Salesforce.com during the third quarter valued at about $449,000. Boltwood Capital Management raised its stake in Salesforce.com by 4.2% in the third quarter. Boltwood Capital Management now owns 11,345 shares of the CRM provider’s stock valued at $809,000 after buying an additional 460 shares in the last quarter. Fulton Bank N.A. raised its stake in Salesforce.com by 44.0% in the third quarter. Fulton Bank N.A. now owns 18,383 shares of the CRM provider’s stock valued at $1,311,000 after buying an additional 5,620 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Salesforce.com by 4.4% in the third quarter. BNP Paribas Arbitrage SA now owns 3,330,380 shares of the CRM provider’s stock valued at $237,556,000 after buying an additional 139,700 shares in the last quarter. Finally, Cullinan Associates Inc. raised its stake in Salesforce.com by 0.4% in the third quarter. Cullinan Associates Inc. now owns 25,790 shares of the CRM provider’s stock valued at $1,840,000 after buying an additional 100 shares in the last quarter. 87.23% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:CRM

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