Salesforce.com Inc. (NYSE:CRM) insider Alexandre Dayon sold 2,628 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $74.12, for a total transaction of $194,787.36. Following the transaction, the insider now owns 20,235 shares of the company’s stock, valued at approximately $1,499,818.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alexandre Dayon also recently made the following trade(s):

  • On Friday, November 18th, Alexandre Dayon sold 33,408 shares of Salesforce.com stock. The stock was sold at an average price of $77.97, for a total transaction of $2,604,821.76.
  • On Monday, September 12th, Alexandre Dayon sold 2,158 shares of Salesforce.com stock. The shares were sold at an average price of $73.82, for a total transaction of $159,303.56.

Salesforce.com Inc. (NYSE:CRM) traded down 2.14% during midday trading on Thursday, reaching $73.95. 8,516,012 shares of the company were exchanged. The stock has a market capitalization of $51.06 billion, a price-to-earnings ratio of 250.68 and a beta of 1.55. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The firm’s 50-day moving average price is $74.03 and its 200 day moving average price is $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 for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The company earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the company earned $0.21 EPS. Salesforce.com’s revenue was up 25.3% on a year-over-year basis. Equities analysts predict that Salesforce.com Inc. will post $0.98 earnings per share for the current year.

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

A number of large investors have recently modified their holdings of CRM. Signaturefd LLC increased 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 worth $107,000 after buying an additional 693 shares during the last quarter. M&R Capital Management Inc. acquired a new stake in shares of Salesforce.com during the second quarter worth $119,000. NEXT Financial Group Inc increased 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 worth $125,000 after buying an additional 39 shares during the last quarter. Ropes Wealth Advisors LLC increased 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 worth $143,000 after buying an additional 1,009 shares during the last quarter. Finally, Global X Management Co. LLC increased 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 worth $147,000 after buying an additional 1,520 shares during the last quarter. 87.22% of the stock is owned by institutional investors.

Several brokerages recently issued reports on CRM. Raymond James Financial Inc. set a $105.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research note on Sunday, September 4th. FBN Securities set a $90.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research note on Sunday, September 4th. DA Davidson set a $86.00 price objective on shares of Salesforce.com and gave the company a “hold” rating in a research note on Sunday, September 11th. Rosenblatt Securities set a $90.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research note on Saturday, November 19th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Sunday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $92.05.

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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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