salesforce.com, inc. (CRM) Insider Sells $1,125,290.48 in Stock

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salesforce.com, inc. (NYSE:CRM) insider Mark J. Hawkins sold 8,221 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $136.88, for a total transaction of $1,125,290.48. Following the transaction, the insider now directly owns 28,277 shares in the company, valued at $3,870,555.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NYSE CRM opened at $137.24 on Thursday. The firm has a market cap of $102.55 billion, a price-to-earnings ratio of 304.98, a P/E/G ratio of 4.31 and a beta of 1.27. salesforce.com, inc. has a fifty-two week low of $98.68 and a fifty-two week high of $161.19. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23.

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

Several brokerages have recently commented on CRM. TheStreet cut shares of salesforce.com from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Nomura began coverage on shares of salesforce.com in a report on Monday. They set a “buy” rating and a $181.00 target price on the stock. JMP Securities raised their target price on shares of salesforce.com from $140.00 to $163.00 and gave the stock an “outperform” rating in a report on Tuesday, July 10th. Jefferies Financial Group raised their target price on shares of salesforce.com to $168.00 and gave the stock a “buy” rating in a report on Wednesday, August 22nd. Finally, UBS Group lifted their price objective on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Six research analysts have rated the stock with a hold rating, thirty-five have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $165.25.

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in shares of salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after purchasing an additional 3,066,099 shares during the period. BlackRock Inc. lifted its holdings in shares of salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock worth $6,091,032,000 after purchasing an additional 2,212,408 shares during the period. OppenheimerFunds Inc. lifted its holdings in shares of salesforce.com by 13,746.1% during the second quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock worth $141,154,000 after purchasing an additional 1,027,382 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock worth $1,027,545,000 after purchasing an additional 961,104 shares during the period. Finally, Mainstay Capital Management LLC ADV lifted its holdings in shares of salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock worth $7,081,000 after purchasing an additional 919,056 shares during the period. 83.01% of the stock is currently owned by hedge funds and other institutional investors.

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

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