Salesforce.com Inc. (NYSE:CRM) CAO Joe Allanson sold 657 shares of the company’s stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $74.12, for a total transaction of $48,696.84. Following the sale, the chief accounting officer now directly owns 30,587 shares in the company, valued at approximately $2,267,108.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Salesforce.com Inc. (NYSE:CRM) traded down 2.14% during trading on Thursday, reaching $73.95. The company had a trading volume of 8,516,012 shares. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The company has a market capitalization of $51.06 billion, a P/E ratio of 250.68 and a beta of 1.55. The firm has a 50-day moving average price of $74.03 and a 200-day moving average price of $77.55.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts predict that Salesforce.com Inc. will post $0.98 EPS for the current fiscal year.

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

Several brokerages have recently weighed in on CRM. Cowen and Company reissued a “buy” rating on shares of Salesforce.com in a research note on Sunday. Rosenblatt Securities set a $90.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, November 19th. JMP Securities reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Friday, November 18th. Pacific Crest reaffirmed a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research note on Friday, November 18th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Friday, November 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $92.05.

A number of hedge funds have recently modified their holdings of the company. Exxonmobil Investment Management Inc. TX raised its position in Salesforce.com by 7.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 164,849 shares of the CRM provider’s stock valued at $13,091,000 after buying an additional 11,302 shares in the last quarter. British Columbia Investment Management Corp raised its position in Salesforce.com by 2.4% in the second quarter. British Columbia Investment Management Corp now owns 436,116 shares of the CRM provider’s stock valued at $34,632,000 after buying an additional 10,098 shares in the last quarter. Raymond James Trust N.A. raised its position in Salesforce.com by 4.2% in the second quarter. Raymond James Trust N.A. now owns 9,297 shares of the CRM provider’s stock valued at $738,000 after buying an additional 374 shares in the last quarter. Osborn Rohs Williams & Donohoe Ltd purchased a new position in Salesforce.com during the second quarter valued at $206,000. Finally, Cullinan Associates Inc. raised its position in Salesforce.com by 6.6% in the second quarter. Cullinan Associates Inc. now owns 25,690 shares of the CRM provider’s stock valued at $2,040,000 after buying an additional 1,600 shares in the last quarter. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

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About Salesforce.com

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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