salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 87,774 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $160.14, for a total transaction of $14,056,128.36. Following the completion of the sale, the chief financial officer now owns 42,780 shares in the company, valued at $6,850,789.20. The transaction was disclosed in a filing with the SEC, which is available through this link.

Shares of CRM opened at $158.22 on Friday. salesforce.com, inc. has a fifty-two week low of $120.16 and a fifty-two week high of $167.56. The firm has a market cap of $142.85 billion, a price-to-earnings ratio of 109.12, a PEG ratio of 7.00 and a beta of 1.24. The firm has a 50 day moving average price of $157.37 and a 200-day moving average price of $153.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities research analysts predict that salesforce.com, inc. will post 1.24 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Massey Quick Simon & CO. LLC purchased a new position in salesforce.com in the 2nd quarter worth approximately $26,000. Investors Research Corp lifted its position in salesforce.com by 159.1% in the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 105 shares during the last quarter. Personal Wealth Partners purchased a new stake in shares of salesforce.com during the second quarter valued at approximately $28,000. Acima Private Wealth LLC boosted its stake in shares of salesforce.com by 250.0% during the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 135 shares during the period. Finally, Strategic Blueprint LLC bought a new position in shares of salesforce.com in the third quarter worth approximately $30,000. 81.32% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on CRM shares. Credit Suisse Group restated an “outperform” rating and set a $185.00 price target (up from $175.00) on shares of salesforce.com in a research report on Wednesday. KeyCorp set a $180.00 price objective on salesforce.com and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Barclays reissued a “buy” rating and set a $189.00 price objective on shares of salesforce.com in a research note on Wednesday. Evercore ISI restated a “buy” rating and set a $190.00 target price on shares of salesforce.com in a research report on Tuesday, November 12th. Finally, Wedbush restated an “outperform” rating and issued a $192.00 target price on shares of salesforce.com in a research note on Thursday, November 21st. Five investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $189.68.

About salesforce.com

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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