Investors sold shares of Salesforce.com Inc. (NYSE:CRM) on strength during trading on Friday after an insider sold shares in the company. $332.06 million flowed into the stock on the tick-up and $368.95 million flowed out of the stock on the tick-down, for a money net flow of $36.89 million out of the stock. Of all companies tracked, Salesforce.com had the 0th highest net out-flow for the day. Salesforce.com traded up $2.58 for the day and closed at $77.77Specifically, EVP Burke F. Norton sold 180,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was 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 of the company’s stock, valued at $18,828,390.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Cynthia G. Robbins sold 681 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $74.88, for a total value of $50,993.28. Following the completion of the sale, the executive vice president now directly owns 2,666 shares of the company’s stock, valued at approximately $199,630.08. The disclosure for this sale can be found here. Insiders own 6.70% of the company’s stock.

Several analysts have recently commented on CRM shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $107.00 target price on shares of Salesforce.com in a research report on Monday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $86.00 target price on shares of Salesforce.com in a research report on Wednesday, August 31st. Royal Bank Of Canada decreased their target price on Salesforce.com from $91.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, September 1st. JMP Securities reiterated a “buy” rating on shares of Salesforce.com in a report on Friday. Finally, Wedbush reiterated an “outperform” rating and set a $96.00 price objective (down from $98.00) on shares of Salesforce.com in a report on Thursday, September 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.05.

The company has a market cap of $53.27 billion, a PE ratio of 240.03 and a beta of 1.55. The firm’s 50-day moving average is $73.17 and its 200-day moving average is $77.56.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.03. Salesforce.com had a net margin of 2.60% and a return on equity of 2.53%. The firm earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Salesforce.com Inc. will post $0.95 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Signaturefd LLC boosted its position 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 worth $107,000 after buying an additional 693 shares in the last quarter. M&R Capital Management Inc. acquired a new position in shares of Salesforce.com during the second quarter worth about $119,000. NEXT Financial Group Inc boosted its position 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 worth $125,000 after buying an additional 39 shares in the last quarter. Ropes Wealth Advisors LLC boosted its position 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 worth $143,000 after buying an additional 1,009 shares in the last quarter. Finally, Mycio Wealth Partners LLC boosted its position in shares of Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock worth $149,000 after buying an additional 44 shares in the last quarter. 86.97% of the stock is owned by hedge funds and other 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

Receive News & Stock Ratings for Salesforce.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc. and related stocks with our FREE daily email newsletter.