Salesforce.com Inc. (NYSE:CRM) insider Maria Martinez sold 3,335 shares of Salesforce.com stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $73.03, for a total value of $243,555.05. Following the transaction, the insider now owns 32,168 shares of the company’s stock, valued at approximately $2,349,229.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 72.93 on Wednesday. The stock has a market cap of $50.81 billion, a P/E ratio of 247.22 and a beta of 1.55. The company’s 50-day moving average is $74.32 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 quarterly earnings data on Thursday, November 17th. The CRM provider reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.03. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $0.21 EPS. The company’s revenue was up 25.3% on a year-over-year basis. Equities research analysts anticipate that Salesforce.com Inc. will post $0.98 EPS for the current year.

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

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Large investors have recently modified their holdings of the company. 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 worth $107,000 after buying an additional 693 shares in the last quarter. M&R Capital Management Inc. bought a new stake in shares of Salesforce.com during the second quarter worth approximately $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 worth $125,000 after buying an additional 39 shares in the last quarter. 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 worth $143,000 after buying an additional 1,009 shares in the last quarter. Finally, Mycio Wealth Partners LLC raised its stake 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. 85.24% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on CRM. Bank of America Corp. restated a “buy” rating and issued a $77.82 price target (down previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 25th. Piper Jaffray Cos. reiterated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Thursday, September 1st. Cowen and Company reiterated an “outperform” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Wednesday, October 12th. DA Davidson cut their price objective on Salesforce.com from $86.00 to $80.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Finally, Wedbush reiterated an “outperform” rating and set a $96.00 price objective on shares of Salesforce.com in a research note on Wednesday, October 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and forty-two have assigned a buy rating to the company. Salesforce.com presently has a consensus rating of “Buy” and an average target price of $92.05.

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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