Salesforce.com Inc. (CRM) Director Purchases $99,944.00 in Stock
Salesforce.com Inc. (NYSE:CRM) Director Susan Wojcicki bought 1,300 shares of the firm’s stock in a transaction dated Monday, November 7th. The shares were acquired at an average price of $76.88 per share, for a total transaction of $99,944.00. Following the acquisition, the director now directly owns 16,850 shares of the company’s stock, valued at approximately $1,295,428. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Susan Wojcicki also recently made the following trade(s):
- On Monday, October 3rd, Susan Wojcicki purchased 1,403 shares of Salesforce.com stock. The stock was purchased at an average price of $71.26 per share, for a total transaction of $99,977.78.
- On Monday, September 19th, Susan Wojcicki purchased 1,356 shares of Salesforce.com stock. The stock was purchased at an average price of $73.71 per share, for a total transaction of $99,950.76.
Salesforce.com Inc. (NYSE:CRM) opened at 73.63 on Friday. The stock has a 50 day moving average price of $73.17 and a 200 day moving average price of $77.57. Salesforce.com Inc. has a 12-month low of $52.60 and a 12-month high of $84.48. The company has a market capitalization of $50.44 billion, a price-to-earnings ratio of 227.25 and a beta of 1.55.
Salesforce.com (NYSE:CRM) last posted 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. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations 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 period in the previous year, the firm posted $0.19 EPS. On average, analysts expect that Salesforce.com Inc. will post $0.95 EPS for the current year.
Several equities analysts recently issued reports on CRM shares. Citigroup Inc. decreased their price target on Salesforce.com from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Wednesday, July 20th. Morgan Stanley decreased their price target on Salesforce.com from $110.00 to $94.00 and set an “overweight” rating on the stock in a report on Monday, July 25th. Stephens assumed coverage on Salesforce.com in a report on Tuesday, August 2nd. They issued an “overweight” rating on the stock. MKM Partners reissued a “buy” rating and issued a $96.00 target price on shares of Salesforce.com in a research note on Friday, August 5th. Finally, Vetr raised Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 target price on the stock in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.19.
A number of hedge funds have recently bought and sold shares of the stock. Espalier Global Management LLC purchased a new stake in Salesforce.com during the third quarter valued at $7,133,000. Nomura Asset Management Co. Ltd. boosted its stake in Salesforce.com by 5.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 74,970 shares of the CRM provider’s stock valued at $5,348,000 after buying an additional 3,670 shares during the last quarter. Profund Advisors LLC boosted its stake in Salesforce.com by 23.9% in the third quarter. Profund Advisors LLC now owns 66,445 shares of the CRM provider’s stock valued at $4,740,000 after buying an additional 12,829 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in Salesforce.com during the third quarter valued at $233,000. Finally, Lincoln National Corp boosted its stake in Salesforce.com by 2.1% in the third quarter. Lincoln National Corp now owns 3,771 shares of the CRM provider’s stock valued at $269,000 after buying an additional 76 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
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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