salesforce.com, inc. (NYSE:CRM) Insider Sells $1,713,877.00 in Stock

salesforce.com, inc. (NYSE:CRM) insider Mark J. Hawkins sold 16,844 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $101.75, for a total value of $1,713,877.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of salesforce.com, inc. (NYSE:CRM) opened at $110.24 on Friday. The stock has a market capitalization of $79,630.00, a PE ratio of 11,024.00, a PEG ratio of 10.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. salesforce.com, inc. has a 1-year low of $74.00 and a 1-year high of $110.71.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital Analysts LLC lifted its holdings in salesforce.com by 14.1% in the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares during the last quarter. People s United Financial Inc. lifted its holdings in salesforce.com by 60.1% in the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after purchasing an additional 550 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in salesforce.com by 204.3% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares during the last quarter. WFG Advisors LP lifted its holdings in salesforce.com by 130.2% in the 2nd quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Harfst & Associates Inc. lifted its holdings in salesforce.com by 10.5% in the 2nd quarter. Harfst & Associates Inc. now owns 1,894 shares of the CRM provider’s stock worth $164,000 after purchasing an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 85.57% of the company’s stock.

A number of research analysts have recently commented on the company. Credit Suisse Group raised their price target on salesforce.com from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 17th. Piper Jaffray Companies reissued a “buy” rating on shares of salesforce.com in a report on Tuesday, September 26th. Needham & Company LLC reissued a “hold” rating on shares of salesforce.com in a report on Wednesday, November 22nd. BMO Capital Markets raised their price target on salesforce.com from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Finally, Goldman Sachs Group set a $122.00 price target on salesforce.com and gave the company a “buy” rating in a report on Thursday, November 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $112.66.

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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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