salesforce.com, inc. (NYSE:CRM) Director Craig Conway sold 200 shares of salesforce.com stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $153.00, for a total transaction of $30,600.00. Following the completion of the transaction, the director now owns 9,110 shares of the company’s stock, valued at approximately $1,393,830. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, April 15th, Craig Conway sold 200 shares of salesforce.com stock. The shares were sold at an average price of $161.00, for a total transaction of $32,200.00.
  • On Friday, February 15th, Craig Conway sold 200 shares of salesforce.com stock. The shares were sold at an average price of $161.08, for a total transaction of $32,216.00.

Shares of salesforce.com stock traded down $3.01 during trading hours on Wednesday, hitting $155.06. The company had a trading volume of 7,637,987 shares, compared to its average volume of 5,176,204. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a market cap of $118.04 billion, a price-to-earnings ratio of 106.94, a PEG ratio of 5.65 and a beta of 1.37.

salesforce.com (NYSE:CRM) last issued its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same quarter in the prior year, the business posted $0.35 EPS. On average, analysts forecast that salesforce.com, inc. will post 1.18 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Bremer Trust National Association boosted its holdings in shares of salesforce.com by 0.4% in the 4th quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock valued at $2,455,000 after buying an additional 66 shares in the last quarter. Highland Private Wealth Management raised its position in salesforce.com by 3.3% in the 4th quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock valued at $291,000 after purchasing an additional 68 shares during the last quarter. Asset Dedication LLC raised its position in salesforce.com by 45.3% in the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock valued at $35,000 after purchasing an additional 68 shares during the last quarter. Arcadia Investment Management Corp MI raised its position in salesforce.com by 63.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 68 shares during the last quarter. Finally, Mycio Wealth Partners LLC raised its position in salesforce.com by 2.5% in the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock valued at $388,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

A number of brokerages recently weighed in on CRM. BMO Capital Markets restated an “outperform” rating and issued a $185.00 price objective (up previously from $175.00) on shares of salesforce.com in a report on Tuesday, March 5th. Canaccord Genuity restated a “buy” rating and issued a $175.00 price objective (up previously from $165.00) on shares of salesforce.com in a report on Wednesday, March 6th. Exane BNP Paribas began coverage on shares of salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. Barclays lifted their price objective on shares of salesforce.com to $180.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Finally, TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b” rating in a report on Thursday, January 31st. Three investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and an average price target of $177.82.

COPYRIGHT VIOLATION NOTICE: This story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2019/05/15/salesforce-com-inc-crm-director-sells-30600-00-in-stock.html.

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.

See Also: Bollinger Bands

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.