Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,027 shares of the stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $92.75, for a total value of $744,504.25. Following the completion of the transaction, the insider now owns 49,913 shares in the company, valued at $4,629,430.75. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Parker Harris also recently made the following trade(s):

  • On Tuesday, August 15th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.76, for a total value of $728,530.52.
  • On Tuesday, August 8th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.29, for a total value of $724,757.83.
  • On Tuesday, August 1st, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $91.30, for a total value of $732,865.10.
  • On Tuesday, July 25th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.38, for a total value of $725,480.26.
  • On Tuesday, July 18th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $89.17, for a total value of $715,767.59.
  • On Tuesday, July 11th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $88.22, for a total value of $708,141.94.
  • On Wednesday, July 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.12, for a total value of $699,312.24.
  • On Tuesday, June 20th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.27, for a total value of $700,516.29.
  • On Tuesday, June 13th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.31, for a total value of $700,837.37.
  • On Tuesday, May 30th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.82, for a total value of $729,012.14.

Salesforce.com Inc (NYSE:CRM) opened at 93.07 on Thursday. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $94.63. The firm has a market capitalization of $66.28 billion, a P/E ratio of 492.43 and a beta of 1.29. The firm’s 50-day moving average is $90.06 and its 200 day moving average is $86.44. Salesforce.com also was the target of some unusual options trading activity on Tuesday. Investors bought 23,180 put options on the company. This is an increase of 439% compared to the typical volume of 4,300 put options.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis. On average, analysts expect that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in CRM. Appropriate Balance Financial Services Inc. boosted its stake in shares of Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after buying an additional 33 shares in the last quarter. Capital Analysts LLC boosted its stake in shares of Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares in the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after buying an additional 1,350 shares in the last quarter. People s United Financial Inc. boosted its stake in shares of Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after buying an additional 550 shares in the last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new stake in shares of Salesforce.com during the second quarter worth approximately $130,000. 86.29% of the stock is owned by institutional investors and hedge funds.

CRM has been the topic of several recent research reports. Credit Suisse Group initiated coverage on Salesforce.com in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price target on the stock. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Monday. JMP Securities restated a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and issued a $102.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Friday, May 19th. Finally, Canaccord Genuity restated a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Salesforce.com in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and forty-four have given a buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $102.53.

Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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