Salesforce.com Inc (NYSE:CRM) Director Craig Conway sold 602 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $94.76, for a total value of $57,045.52. Following the completion of the transaction, the director now owns 9,908 shares of the company’s stock, valued at $938,882.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Craig Conway also recently made the following trade(s):

  • On Tuesday, August 15th, Craig Conway sold 250 shares of Salesforce.com stock. The shares were sold at an average price of $90.60, for a total value of $22,650.00.
  • On Monday, July 17th, Craig Conway sold 250 shares of Salesforce.com stock. The shares were sold at an average price of $90.17, for a total value of $22,542.50.

Salesforce.com Inc (NYSE CRM) opened at 93.21 on Thursday. The company’s market capitalization is $66.99 billion. The firm’s 50-day moving average price is $93.14 and its 200 day moving average price is $88.31. Salesforce.com Inc has a one year low of $66.43 and a one year high of $98.22. Salesforce.com also was the target of unusually large options trading activity on Monday. Traders bought 10,318 call options on the company. This is an increase of approximately 102% compared to the average daily volume of 5,098 call options.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue was up 25.7% on a year-over-year basis. On average, equities research analysts expect that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the business. Synovus Financial Corp grew its position in Salesforce.com by 10.7% in the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock worth $1,927,000 after purchasing an additional 2,144 shares during the period. Dai Ichi Life Insurance Company Ltd grew its position in Salesforce.com by 142.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock worth $10,800,000 after purchasing an additional 73,271 shares during the period. Rosenblum Silverman Sutton S F Inc. CA grew its position in Salesforce.com by 15.6% in the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock worth $5,249,000 after purchasing an additional 8,181 shares during the period. Prudential Financial Inc. grew its position in Salesforce.com by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock worth $78,914,000 after purchasing an additional 12,516 shares during the period. Finally, Summit Global Investments grew its position in Salesforce.com by 85.3% in the 2nd quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock worth $2,026,000 after purchasing an additional 10,768 shares during the period. 86.06% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on CRM. ValuEngine raised Salesforce.com from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Piper Jaffray Companies reissued an “overweight” rating and set a $110.00 price target (up from $105.00) on shares of Salesforce.com in a report on Monday, June 5th. Vetr raised Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 price target for the company in a report on Monday, June 12th. BidaskClub cut Salesforce.com from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $80.00 price target on shares of Salesforce.com in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $102.52.

About Salesforce.com

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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