salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,850 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $110.85, for a total transaction of $205,072.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, January 9th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $109.00, for a total transaction of $201,650.00.
  • On Tuesday, November 14th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $105.96, for a total transaction of $850,434.96.
  • On Tuesday, November 7th, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.58, for a total transaction of $823,307.08.
  • On Tuesday, October 31st, Parker Harris sold 8,026 shares of salesforce.com stock. The shares were sold at an average price of $102.13, for a total transaction of $819,695.38.

salesforce.com, inc. (NYSE:CRM) traded down $1.35 during trading hours on Tuesday, reaching $108.89. 5,790,000 shares of the company traded hands, compared to its average volume of 4,120,000. The company has a market capitalization of $78,650.00, a PE ratio of 10,889.00, a P/E/G ratio of 10.29 and a beta of 1.24. salesforce.com, inc. has a twelve month low of $74.37 and a twelve month high of $111.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. analysts predict that salesforce.com, inc. will post 0.43 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $128.00 target price on shares of salesforce.com in a research note on Thursday, January 11th. Piper Jaffray Companies reiterated a “buy” rating on shares of salesforce.com in a research report on Tuesday, September 26th. Vetr cut shares of salesforce.com from a “buy” rating to a “hold” rating and set a $111.23 price target on the stock. in a research report on Monday, January 8th. Cowen reiterated an “outperform” rating and set a $105.00 price target (up from $100.00) on shares of salesforce.com in a research report on Tuesday, October 3rd. Finally, Robert W. Baird set a $110.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Sunday, October 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and forty-three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $112.66.

A number of large investors have recently added to or reduced their stakes in CRM. Commonwealth Bank of Australia boosted its holdings in salesforce.com by 386.9% in the second quarter. Commonwealth Bank of Australia now owns 8,160 shares of the CRM provider’s stock valued at $705,000 after acquiring an additional 6,484 shares in the last quarter. BT Investment Management Ltd bought a new stake in salesforce.com in the second quarter valued at $2,130,000. ProShare Advisors LLC boosted its holdings in salesforce.com by 12.5% in the second quarter. ProShare Advisors LLC now owns 75,165 shares of the CRM provider’s stock valued at $6,509,000 after acquiring an additional 8,337 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in salesforce.com by 0.6% in the second quarter. PNC Financial Services Group Inc. now owns 170,251 shares of the CRM provider’s stock valued at $14,743,000 after acquiring an additional 998 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in salesforce.com by 9.4% during the second quarter. New York State Common Retirement Fund now owns 2,155,731 shares of the CRM provider’s stock valued at $186,686,000 after buying an additional 184,442 shares during the period. Institutional investors and hedge funds own 85.64% of the company’s stock.

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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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