Parker Harris Sells 1,877 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,877 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $107.70, for a total transaction of $202,152.90. Following the transaction, the insider now directly owns 15,502 shares of the company’s stock, valued at approximately $1,669,565.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Tuesday, February 6th, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $105.01, for a total transaction of $194,268.50.
  • On Tuesday, January 30th, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $112.40, for a total transaction of $207,940.00.
  • On Tuesday, January 23rd, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $113.18, for a total transaction of $209,383.00.
  • On Tuesday, January 16th, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $110.85, for a total transaction of $205,072.50.
  • On Tuesday, January 9th, Parker Harris sold 1,850 shares of salesforce.com stock. The stock was sold at an average price of $109.00, for a total transaction of $201,650.00.

salesforce.com, inc. (NYSE CRM) opened at $109.02 on Thursday. The firm has a market cap of $77,784.49, a price-to-earnings ratio of 10,902.00, a P/E/G ratio of 5.97 and a beta of 1.32. salesforce.com, inc. has a 12-month low of $80.25 and a 12-month high of $114.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. equities analysts forecast that salesforce.com, inc. will post 0.43 EPS for the current year.

Several research analysts have recently issued reports on CRM shares. Vetr downgraded shares of salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a report on Monday, December 11th. Piper Jaffray Companies restated a “buy” rating and set a $115.00 price objective on shares of salesforce.com in a report on Wednesday, November 1st. Cowen restated a “buy” rating and set a $118.00 price objective on shares of salesforce.com in a report on Tuesday, November 21st. Oppenheimer reissued a “buy” rating and issued a $125.00 target price (up previously from $100.00) on shares of salesforce.com in a research note on Wednesday, November 22nd. Finally, UBS Group set a $135.00 target price on shares of salesforce.com and gave the company a “buy” rating in a research note on Tuesday, February 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $113.62.

A number of institutional investors have recently added to or reduced their stakes in CRM. Glenmede Trust Co. NA lifted its stake in salesforce.com by 12.5% in the fourth quarter. Glenmede Trust Co. NA now owns 11,778 shares of the CRM provider’s stock valued at $1,203,000 after acquiring an additional 1,313 shares during the last quarter. All Terrain Financial Advisors LLC acquired a new stake in salesforce.com in the fourth quarter valued at $256,000. Financial Advocates Investment Management acquired a new stake in salesforce.com in the fourth quarter valued at $226,000. Hoylecohen LLC acquired a new stake in salesforce.com in the fourth quarter valued at $499,000. Finally, Verition Fund Management LLC lifted its stake in salesforce.com by 155.2% in the fourth quarter. Verition Fund Management LLC now owns 4,964 shares of the CRM provider’s stock valued at $507,000 after acquiring an additional 13,964 shares during the last quarter. 85.33% of the stock is owned by institutional investors and hedge funds.

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salesforce.com Company Profile

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.

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

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