Alexandre Dayon Sells 33,408 Shares of Salesforce.com Inc. (CRM) Stock
Salesforce.com Inc. (NYSE:CRM) insider Alexandre Dayon sold 33,408 shares of the company’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $77.97, for a total value of $2,604,821.76. Following the completion of the sale, the insider now directly owns 48,704 shares in the company, valued at $3,797,450.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alexandre Dayon also recently made the following trade(s):
- On Monday, September 12th, Alexandre Dayon sold 2,158 shares of Salesforce.com stock. The stock was sold at an average price of $73.82, for a total value of $159,303.56.
Salesforce.com Inc. (NYSE:CRM) opened at 75.57 on Wednesday. The company has a 50-day moving average price of $73.99 and a 200-day moving average price of $77.58. The firm has a market cap of $52.18 billion, a PE ratio of 256.17 and a beta of 1.55. Salesforce.com Inc. has a 12-month low of $52.60 and a 12-month high of $84.48.
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 Zacks’ consensus estimate of $0.21 by $0.03. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same period last year, the firm earned $0.21 earnings per share. Salesforce.com’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities analysts predict that Salesforce.com Inc. will post $0.95 earnings per share for the current year.
A number of hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its stake in 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 during the period. M&R Capital Management Inc. purchased a new stake in Salesforce.com during the second quarter worth approximately $119,000. NEXT Financial Group Inc boosted its stake in 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 during the period. Ropes Wealth Advisors LLC boosted its stake in 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 during the period. Finally, Mycio Wealth Partners LLC boosted its stake in 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 during the period. Institutional investors own 87.22% of the company’s stock.
Several equities research analysts recently commented on CRM shares. Cowen and Company reaffirmed a “buy” rating on shares of Salesforce.com in a research report on Sunday. DA Davidson set a $86.00 price objective on Salesforce.com and gave the company a “hold” rating in a research report on Sunday, September 11th. FBN Securities set a $90.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Sunday, September 4th. Rosenblatt Securities set a $90.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Saturday. Finally, Raymond James Financial Inc. set a $105.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Sunday, September 4th. 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. Salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $92.05.
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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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