Parker Harris Sells 5,711 Shares of salesforce.com, inc. (CRM) Stock

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salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 5,711 shares of the stock in a transaction that occurred on Tuesday, October 30th. The stock was sold at an average price of $130.92, for a total value of $747,684.12. Following the completion of the transaction, the insider now owns 27,938 shares of the company’s stock, valued at $3,657,642.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, October 23rd, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $140.14, for a total value of $800,339.54.
  • On Tuesday, October 9th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $148.72, for a total value of $849,339.92.
  • On Tuesday, September 25th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $158.48, for a total value of $905,079.28.
  • On Tuesday, September 11th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $152.69, for a total value of $872,012.59.
  • On Tuesday, September 4th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $152.54, for a total value of $871,155.94.
  • On Tuesday, August 21st, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $146.90, for a total value of $838,945.90.
  • On Tuesday, August 14th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $145.91, for a total value of $833,292.01.
  • On Tuesday, August 7th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $144.11, for a total value of $823,012.21.

CRM opened at $137.24 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80. salesforce.com, inc. has a one year low of $98.68 and a one year high of $161.19. The stock has a market cap of $102.55 billion, a PE ratio of 304.98, a PEG ratio of 4.31 and a beta of 1.27.

salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 27.3% compared to the same quarter last year. As a group, equities research analysts anticipate that salesforce.com, inc. will post 1.22 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Botty Investors LLC purchased a new position in shares of salesforce.com during the third quarter worth about $123,000. Resources Investment Advisors Inc. grew its holdings in shares of salesforce.com by 328.2% during the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after buying an additional 965 shares during the last quarter. CWM LLC grew its holdings in shares of salesforce.com by 95.8% during the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after buying an additional 645 shares during the last quarter. United Capital Management of KS Inc. purchased a new position in shares of salesforce.com during the third quarter worth about $193,000. Finally, Sky Investment Group LLC purchased a new position in shares of salesforce.com during the third quarter worth about $204,000. Institutional investors and hedge funds own 83.01% of the company’s stock.

CRM has been the subject of several analyst reports. Zacks Investment Research lowered salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. KeyCorp raised their price target on salesforce.com from $147.00 to $180.00 and gave the stock an “overweight” rating in a research report on Thursday, August 30th. Oppenheimer raised their price target on salesforce.com from $152.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 11th. UBS Group raised their price target on salesforce.com from $168.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. Finally, Piper Jaffray Companies restated a “buy” rating on shares of salesforce.com in a research report on Thursday, August 30th. Six equities research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. salesforce.com has an average rating of “Buy” and an average target price of $165.25.

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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