Salesforce.com Inc. (NYSE:CRM) EVP Burke F. Norton sold 180,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $74.15, for a total value of $13,347,000.00. Following the completion of the sale, the executive vice president now owns 253,923 shares in the company, valued at $18,828,390.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Salesforce.com Inc. (NYSE:CRM) opened at 74.02 on Wednesday. The firm has a market cap of $50.70 billion, a price-to-earnings ratio of 228.46 and a beta of 1.55. The company’s 50 day moving average is $73.34 and its 200-day moving average is $77.55. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48.

Salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share for the quarter, beating the 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 previous year, the business earned $0.19 EPS. The firm’s revenue was up 25.0% on a year-over-year basis. 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)

Several hedge funds have recently modified their holdings of the stock. Signaturefd LLC raised its stake in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares during the period. M&R Capital Management Inc. acquired a new stake in shares of Salesforce.com during the second quarter valued at $119,000. NEXT Financial Group Inc raised its stake in shares of Salesforce.com by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock valued at $125,000 after buying an additional 39 shares during the period. Ropes Wealth Advisors LLC raised its stake in shares of Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock valued at $143,000 after buying an additional 1,009 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of Salesforce.com by 278.4% in the third quarter. Global X Management Co. LLC now owns 2,066 shares of the CRM provider’s stock valued at $147,000 after buying an additional 1,520 shares during the period. Institutional investors and hedge funds own 86.97% of the company’s stock.

A number of analysts have weighed in on the company. OTR Global upgraded Salesforce.com from a “mixed” rating to a “positive” rating in a research note on Tuesday. Cowen and Company set a $95.00 target price on Salesforce.com and gave the stock a “buy” rating in a research report on Monday. Barclays PLC reiterated an “overweight” rating and set a $89.00 target price on shares of Salesforce.com in a research report on Sunday. Morgan Stanley reiterated an “overweight” rating and set a $107.00 target price on shares of Salesforce.com in a research report on Wednesday, November 2nd. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $95.00 target price on shares of Salesforce.com in a research report on Sunday, October 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and forty-six have assigned a buy rating to the company’s stock. Salesforce.com has an average rating of “Buy” and a consensus price target of $92.02.

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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