salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $151.38, for a total value of $93,855.60. Following the completion of the sale, the insider now directly owns 29,438 shares of the company’s stock, valued at $4,456,324.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, June 4th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $147.30, for a total value of $91,326.00.
  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $156.09, for a total value of $96,775.80.
  • On Tuesday, May 14th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $156.39, for a total value of $989,948.70.
  • On Tuesday, May 7th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $157.43, for a total value of $996,531.90.
  • On Tuesday, April 16th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $159.46, for a total value of $1,009,541.26.
  • On Tuesday, April 9th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $157.36, for a total value of $996,246.16.

Shares of NYSE CRM traded up $1.45 during trading on Wednesday, reaching $151.60. 3,001,616 shares of the stock traded hands, compared to its average volume of 5,600,219. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $167.56. The stock has a market capitalization of $116.52 billion, a PE ratio of 104.55, a P/E/G ratio of 5.13 and a beta of 1.38.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the company posted $0.74 EPS. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. As a group, equities analysts expect that salesforce.com, inc. will post 1.45 EPS for the current fiscal year.

A number of analysts recently issued reports on CRM shares. OTR Global cut salesforce.com to a “positive” rating in a research note on Wednesday, May 15th. Bank of America reissued a “buy” rating and set a $200.00 target price (up from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Barclays increased their target price on salesforce.com to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets reissued an “outperform” rating and set a $185.00 target price (up from $175.00) on shares of salesforce.com in a research note on Tuesday, March 5th. Finally, Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $180.03.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its position in salesforce.com by 4.6% in the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. Buckingham Capital Management Inc. lifted its stake in shares of salesforce.com by 8.1% in the 4th quarter. Buckingham Capital Management Inc. now owns 32,519 shares of the CRM provider’s stock valued at $4,454,000 after purchasing an additional 2,439 shares during the period. BB&T Securities LLC lifted its stake in shares of salesforce.com by 5.4% in the 4th quarter. BB&T Securities LLC now owns 29,703 shares of the CRM provider’s stock valued at $4,068,000 after purchasing an additional 1,520 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of salesforce.com in the 4th quarter valued at approximately $28,000. Finally, Alps Advisors Inc. lifted its stake in shares of salesforce.com by 158.0% in the 4th quarter. Alps Advisors Inc. now owns 13,818 shares of the CRM provider’s stock valued at $1,893,000 after purchasing an additional 8,462 shares during the period. Institutional investors own 82.14% of the company’s stock.

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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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