Salesforce.com Inc (NYSE:CRM) insider Joe Allanson sold 191 shares of Salesforce.com stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $93.70, for a total transaction of $17,896.70. Following the completion of the sale, the insider now owns 28,753 shares of the company’s stock, valued at approximately $2,694,156.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Joe Allanson also recently made the following trade(s):

  • On Wednesday, May 31st, Joe Allanson sold 279 shares of Salesforce.com stock. The stock was sold at an average price of $90.77, for a total transaction of $25,324.83.

Salesforce.com Inc (NYSE CRM) traded down 0.05% during trading on Friday, reaching $94.10. 5,310,995 shares of the company traded hands. The firm’s market capitalization is $67.00 billion. The company’s 50-day moving average price is $90.44 and its 200 day moving average price is $86.60. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $95.23.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities research analysts expect that Salesforce.com Inc will post $1.31 EPS for the current year.

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A number of large investors have recently modified their holdings of the company. Capital Analysts LLC boosted its position 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 valued at $110,000 after buying an additional 156 shares during the last quarter. Peddock Capital Advisors LLC boosted its position 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 valued at $121,000 after buying an additional 1,350 shares during the last quarter. People s United Financial Inc. boosted its position 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 valued at $127,000 after buying an additional 550 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Salesforce.com during the second quarter valued at about $130,000. Finally, First Personal Financial Services boosted its position in shares of Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares during the last quarter. 86.29% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on CRM shares. Mizuho restated a “buy” rating and issued a $100.00 target price (up from $95.00) on shares of Salesforce.com in a research report on Friday, May 19th. Stifel Nicolaus restated a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Salesforce.com in a research report on Friday, May 19th. Vetr upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 target price for the company in a research report on Monday, May 15th. Drexel Hamilton restated a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a research report on Monday, May 15th. Finally, Benchmark Co. boosted their target price on shares of Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and forty-five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $101.72.

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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