Insider Buying: salesforce.com, inc. (CRM) Director Buys 6,000 Shares of Stock
salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki purchased 6,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were acquired at an average cost of $127.82 per share, for a total transaction of $766,920.00. Following the completion of the transaction, the director now owns 52,393 shares of the company’s stock, valued at approximately $6,696,873.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Susan Wojcicki also recently made the following trade(s):
- On Tuesday, January 9th, Susan Wojcicki purchased 6,000 shares of salesforce.com stock. The shares were acquired at an average cost of $109.14 per share, for a total transaction of $654,840.00.
Shares of salesforce.com, inc. (CRM) opened at $126.73 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.82 and a debt-to-equity ratio of 0.07. salesforce.com, inc. has a 1 year low of $80.50 and a 1 year high of $128.20. The company has a market cap of $91,573.20, a P/E ratio of 745.51, a P/E/G ratio of 5.83 and a beta of 1.25.
A number of large investors have recently bought and sold shares of CRM. Bessemer Group Inc. raised its holdings in salesforce.com by 196.4% during the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares during the last quarter. First Mercantile Trust Co. bought a new position in salesforce.com during the 4th quarter worth approximately $123,000. Cerebellum GP LLC bought a new position in salesforce.com during the 4th quarter worth approximately $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. raised its holdings in salesforce.com by 204.3% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares during the last quarter. Finally, Icon Wealth Partners LLC bought a new position in salesforce.com during the 4th quarter worth approximately $131,000. Institutional investors and hedge funds own 86.68% of the company’s stock.
A number of equities analysts recently commented on CRM shares. BMO Capital Markets raised their price target on shares of salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $127.00 price target (up from $107.00) on shares of salesforce.com in a research report on Thursday, November 16th. Vetr lowered shares of salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price target on the stock. in a research report on Monday, December 11th. Royal Bank of Canada set a $120.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Cowen reaffirmed a “buy” rating and set a $118.00 price target on shares of salesforce.com in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-four have given a buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $123.51.
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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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