Maria Martinez Sells 726 Shares of Salesforce.com Inc (CRM) Stock
Salesforce.com Inc (NYSE:CRM) insider Maria Martinez sold 726 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $93.38, for a total transaction of $67,793.88. Following the completion of the transaction, the insider now directly owns 20,833 shares of the company’s stock, valued at $1,945,385.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Maria Martinez also recently made the following trade(s):
- On Friday, July 28th, Maria Martinez sold 940 shares of Salesforce.com stock. The shares were sold at an average price of $90.14, for a total transaction of $84,731.60.
- On Thursday, July 27th, Maria Martinez sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00.
- On Wednesday, June 28th, Maria Martinez sold 13,700 shares of Salesforce.com stock. The shares were sold at an average price of $87.40, for a total transaction of $1,197,380.00.
Salesforce.com Inc (NYSE CRM) traded down 0.47% on Monday, hitting $93.66. 5,536,074 shares of the stock were exchanged. Salesforce.com Inc has a one year low of $66.43 and a one year high of $95.23. The company has a 50 day moving average of $90.44 and a 200 day moving average of $86.60. The stock’s market capitalization is $67.31 billion.
Salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.24. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The business’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. On average, equities research analysts forecast that Salesforce.com Inc will post $1.31 earnings per share for the current fiscal year.
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CRM has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Piper Jaffray Companies reissued an “overweight” rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Sunday, May 14th. BMO Capital Markets decreased their price objective on shares of Salesforce.com from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Wedbush reissued an “outperform” rating and issued a $102.00 price objective (down from $105.00) on shares of Salesforce.com in a research report on Monday, May 15th. Finally, Benchmark Co. upped their price objective 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 equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $101.72.
Large investors have recently added to or reduced their stakes in the company. Gilbert & Cook Inc. acquired a new stake in Salesforce.com during the second quarter worth approximately $251,000. KBC Group NV boosted its stake in Salesforce.com by 16.9% in the first quarter. KBC Group NV now owns 521,167 shares of the CRM provider’s stock worth $42,991,000 after buying an additional 75,430 shares during the last quarter. Compton Capital Management Inc. RI acquired a new stake in Salesforce.com during the first quarter worth approximately $436,000. Prudential Financial Inc. boosted its stake in Salesforce.com by 1.4% in the second quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock worth $78,914,000 after buying an additional 12,516 shares during the last quarter. Finally, 1st Global Advisors Inc. boosted its stake in Salesforce.com by 35.1% in the first quarter. 1st Global Advisors Inc. now owns 15,029 shares of the CRM provider’s stock worth $1,240,000 after buying an additional 3,903 shares during the last quarter. Institutional investors own 86.98% of the company’s stock.
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.
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