Salesforce.com Inc. (NYSE:CRM) insider Parker Harris sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 18th. The stock was sold at an average price of $73.00, for a total value of $219,000.00. Following the transaction, the insider now owns 37,467 shares in the company, valued at approximately $2,735,091. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Tuesday, October 11th, Parker Harris sold 5,000 shares of Salesforce.com stock. The stock was sold at an average price of $72.45, for a total value of $362,250.00.
  • 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.

Salesforce.com Inc. (NYSE:CRM) opened at 72.77 on Wednesday. The stock has a market cap of $49.85 billion, a PE ratio of 224.60 and a beta of 1.59. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The firm’s 50-day moving average price is $73.19 and its 200 day moving average price is $77.72.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $2.04 billion for 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 business’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Equities research analysts expect that Salesforce.com Inc. will post $0.95 EPS for the current year.

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

Several equities analysts have recently issued reports on CRM shares. Bank of America Corp. reiterated a “buy” rating and issued a $70.52 price target (down previously from $100.00) on shares of Salesforce.com in a research note on Wednesday, October 5th. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Morgan Stanley cut their price objective on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Piper Jaffray Cos. reissued an “overweight” rating and set a $100.00 price objective on shares of Salesforce.com in a report on Monday, August 15th. Finally, Mizuho raised their price objective on Salesforce.com from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $92.19.

A number of institutional investors have recently bought and sold shares of the company. Cleararc Capital Inc. raised its position in Salesforce.com by 0.8% in the first quarter. Cleararc Capital Inc. now owns 15,390 shares of the CRM provider’s stock worth $1,136,000 after buying an additional 116 shares in the last quarter. Riverhead Capital Management LLC raised its position in Salesforce.com by 11.1% in the first quarter. Riverhead Capital Management LLC now owns 355,340 shares of the CRM provider’s stock worth $26,235,000 after buying an additional 35,363 shares in the last quarter. Pictet Asset Management Ltd. raised its position in Salesforce.com by 2.9% in the first quarter. Pictet Asset Management Ltd. now owns 1,007,441 shares of the CRM provider’s stock worth $68,254,000 after buying an additional 27,996 shares in the last quarter. Primecap Management Co. CA raised its position in Salesforce.com by 4.9% in the first quarter. Primecap Management Co. CA now owns 332,860 shares of the CRM provider’s stock worth $24,575,000 after buying an additional 15,400 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in Salesforce.com by 29.8% in the first quarter. Scotia Capital Inc. now owns 20,516 shares of the CRM provider’s stock worth $1,515,000 after buying an additional 4,707 shares in the last quarter. 87.03% of the stock is currently 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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