salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 17,787 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $151.69, for a total transaction of $2,698,110.03. Following the completion of the sale, the chief financial officer now owns 26,242 shares in the company, valued at approximately $3,980,648.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE CRM opened at $152.99 on Wednesday. The company has a market capitalization of $111.77 billion, a PE ratio of 339.98, a PEG ratio of 6.04 and a beta of 1.11. salesforce.com, inc. has a 52-week low of $92.11 and a 52-week high of $154.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.28. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.94 billion. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The business’s revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. research analysts anticipate that salesforce.com, inc. will post 1.01 earnings per share for the current year.

A number of equities research analysts have weighed in on CRM shares. Sanford C. Bernstein upgraded shares of salesforce.com from an “underperform” rating to a “market perform” rating in a report on Thursday, May 3rd. Deutsche Bank upped their price objective on shares of salesforce.com from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Canaccord Genuity upped their price objective on shares of salesforce.com from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Morgan Stanley upped their price objective on shares of salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a report on Tuesday, August 14th. Finally, Wedbush restated an “outperform” rating and issued a $150.00 price objective (up previously from $140.00) on shares of salesforce.com in a report on Wednesday, May 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirty-seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $147.65.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bain Capital Public Equity Management LLC bought a new position in salesforce.com during the second quarter valued at approximately $8,638,000. Mainstay Capital Management LLC ADV lifted its position in salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock valued at $7,081,000 after purchasing an additional 919,056 shares during the period. Advisors Asset Management Inc. lifted its position in salesforce.com by 23.6% during the second quarter. Advisors Asset Management Inc. now owns 37,842 shares of the CRM provider’s stock valued at $5,162,000 after purchasing an additional 7,228 shares during the period. Public Employees Retirement System of Ohio lifted its position in salesforce.com by 2.3% during the second quarter. Public Employees Retirement System of Ohio now owns 497,589 shares of the CRM provider’s stock valued at $67,871,000 after purchasing an additional 11,346 shares during the period. Finally, Cleararc Capital Inc. lifted its position in salesforce.com by 3.1% during the second quarter. Cleararc Capital Inc. now owns 18,052 shares of the CRM provider’s stock valued at $2,462,000 after purchasing an additional 537 shares during the period. Hedge funds and other institutional investors own 85.25% of the company’s stock.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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