Salesforce.com Inc. (NYSE:CRM) Director Craig Conway sold 250 shares of the business’s stock in a transaction on Monday, October 17th. The stock was sold at an average price of $74.10, for a total value of $18,525.00. Following the transaction, the director now directly owns 9,138 shares of the company’s stock, valued at $677,125.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Craig Conway also recently made the following trade(s):

  • On Tuesday, September 6th, Craig Conway sold 1,020 shares of Salesforce.com stock. The stock was sold at an average price of $75.10, for a total value of $76,602.00.
  • On Monday, August 15th, Craig Conway sold 400 shares of Salesforce.com stock. The stock was sold at an average price of $79.33, for a total value of $31,732.00.

Salesforce.com Inc. (NYSE:CRM) traded down 1.94% on Monday, reaching $72.83. 8,777,211 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $73.40 and its 200 day moving average price is $77.74. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The firm has a market capitalization of $49.89 billion, a PE ratio of 224.78 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 the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the prior year, the business posted $0.19 earnings per share. Salesforce.com’s revenue was up 25.0% compared to the same quarter last year. On average, analysts predict 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)

A number of institutional investors have recently made changes to their positions in the stock. Soroban Capital Partners LP acquired a new position in shares of Salesforce.com during the first quarter valued at $290,380,000. Vanguard Group Inc. raised its position 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 valued at $3,130,829,000 after buying an additional 1,181,756 shares in the last quarter. American Century Companies Inc. raised its position 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 valued at $261,858,000 after buying an additional 1,161,596 shares in the last quarter. Waddell & Reed Financial Inc. raised its position 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 valued at $109,908,000 after buying an additional 1,149,275 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. acquired a new position in shares of Salesforce.com during the first quarter valued at $72,518,000. Institutional investors and hedge funds own 87.03% of the company’s stock.

CRM has been the subject of a number of recent analyst reports. Cowen and Company initiated coverage on Salesforce.com in a report on Friday, June 24th. They set an “outperform” rating and a $79.39 price target for the company. Brean Capital reaffirmed a “buy” rating and set a $110.00 price target on shares of Salesforce.com in a report on Saturday, June 25th. JMP Securities reaffirmed an “outperform” rating and set a $92.00 price target on shares of Salesforce.com in a report on Sunday, June 26th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.23.

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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