salesforce.com, inc. (CRM) Director Sells $30,600.00 in Stock

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salesforce.com, inc. (NYSE:CRM) Director Craig Conway sold 200 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $153.00, for a total transaction of $30,600.00. Following the completion of the sale, the director now directly owns 9,110 shares of the company’s stock, valued at approximately $1,393,830. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Craig Conway also recently made the following trade(s):

  • On Monday, April 15th, Craig Conway sold 200 shares of salesforce.com stock. The shares were sold at an average price of $161.00, for a total transaction of $32,200.00.
  • On Friday, February 15th, Craig Conway sold 200 shares of salesforce.com stock. The shares were sold at an average price of $161.08, for a total transaction of $32,216.00.

salesforce.com stock traded down $2.92 during mid-day trading on Friday, reaching $155.56. The company’s stock had a trading volume of 98,602 shares, compared to its average volume of 4,095,998. The company has a market cap of $119.52 billion, a P/E ratio of 107.26, a price-to-earnings-growth ratio of 5.72 and a beta of 1.37. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last released its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter last year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that salesforce.com, inc. will post 1.18 EPS for the current year.

Several brokerages have commented on CRM. OTR Global downgraded shares of salesforce.com to a “positive” rating in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $180.00 target price on shares of salesforce.com in a research note on Wednesday, April 17th. Exane BNP Paribas began coverage on shares of salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating for the company. BNP Paribas began coverage on shares of salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating for the company. Finally, Mizuho began coverage on shares of salesforce.com in a research note on Wednesday, March 13th. They issued a “buy” rating and a $185.00 target price for the company. Three investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $177.82.

A number of hedge funds have recently made changes to their positions in the business. Martingale Asset Management L P lifted its stake in shares of salesforce.com by 32.1% during the 3rd quarter. Martingale Asset Management L P now owns 7,413 shares of the CRM provider’s stock worth $1,179,000 after buying an additional 1,801 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after buying an additional 2,398,648 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of salesforce.com during the 4th quarter worth about $177,000. Kistler Tiffany Companies LLC lifted its stake in shares of salesforce.com by 534.1% during the 4th quarter. Kistler Tiffany Companies LLC now owns 799 shares of the CRM provider’s stock worth $109,000 after buying an additional 673 shares during the last quarter. Finally, Endurance Wealth Management Inc. lifted its stake in shares of salesforce.com by 300.0% during the 4th quarter. Endurance Wealth Management Inc. now owns 600 shares of the CRM provider’s stock worth $82,000 after buying an additional 450 shares during the last quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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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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