Salesforce.com Inc. (NYSE:CRM) insider Parker Harris sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $72.45, for a total value of $362,250.00. Following the completion of the transaction, the insider now directly owns 39,467 shares in the company, valued at approximately $2,859,384.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Tuesday, October 4th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $71.29, for a total value of $356,450.00.
  • 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 shares were 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 shares were 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 shares were 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.

Salesforce.com Inc. (NYSE:CRM) opened at 72.23 on Thursday. 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 of $73.98 and a 200-day moving average of $77.72. The company has a market capitalization of $49.48 billion, a P/E ratio of 222.93 and a beta of 1.59.

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

Large investors have recently made changes to their positions in the stock. Soroban Capital Partners LP bought a new stake in shares of Salesforce.com during the first quarter worth $290,380,000. Vanguard Group Inc. raised its stake in shares of Salesforce.com by 3.1% in the second quarter. Vanguard Group Inc. now owns 39,426,135 shares of the CRM provider’s stock worth $3,130,829,000 after buying an additional 1,181,756 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Salesforce.com by 54.4% in the second quarter. American Century Companies Inc. now owns 3,297,549 shares of the CRM provider’s stock worth $261,858,000 after buying an additional 1,161,596 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in shares of Salesforce.com by 489.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,384,048 shares of the CRM provider’s stock worth $109,908,000 after buying an additional 1,149,275 shares during the last quarter. Finally, Tybourne Capital Management HK Ltd. bought a new stake in shares of Salesforce.com during the first quarter worth $72,518,000. Institutional investors own 87.23% of the company’s stock.

A number of brokerages have weighed in on CRM. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 target price on the stock in a report on Wednesday, August 10th. MKM Partners reaffirmed a “buy” rating and issued a $96.00 target price on shares of Salesforce.com in a report on Friday, August 5th. Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Finally, Brean Capital reaffirmed a “buy” rating and issued a $110.00 target price on shares of Salesforce.com in a report on Saturday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $92.51.

About Salesforce.com

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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