salesforce.com, inc. (CRM) CFO Sells $69,982.00 in Stock

salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 440 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $159.05, for a total transaction of $69,982.00. Following the completion of the sale, the chief financial officer now owns 21,162 shares of the company’s stock, valued at $3,365,816.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of CRM opened at $155.99 on Friday. The stock has a market cap of $120.23 billion, a PE ratio of 103.99, a P/E/G ratio of 5.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $166.99.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 in the prior year, the business earned $0.35 earnings per share. Equities analysts predict that salesforce.com, inc. will post 1.2 EPS for the current year.

A number of large investors have recently bought and sold shares of CRM. Bank of New York Mellon Corp raised its position in salesforce.com by 0.9% in the third quarter. Bank of New York Mellon Corp now owns 8,205,516 shares of the CRM provider’s stock worth $1,304,923,000 after purchasing an additional 75,769 shares in the last quarter. Martingale Asset Management L P raised its position in salesforce.com by 32.1% in the third quarter. Martingale Asset Management L P now owns 7,413 shares of the CRM provider’s stock worth $1,179,000 after purchasing an additional 1,801 shares in the last quarter. Man Group plc raised its position in salesforce.com by 10.8% in the third quarter. Man Group plc now owns 70,634 shares of the CRM provider’s stock worth $11,233,000 after purchasing an additional 6,894 shares in the last quarter. Mackenzie Financial Corp raised its position in salesforce.com by 381.0% in the third quarter. Mackenzie Financial Corp now owns 31,956 shares of the CRM provider’s stock worth $5,082,000 after purchasing an additional 25,313 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in salesforce.com by 51.7% in the third quarter. AQR Capital Management LLC now owns 289,217 shares of the CRM provider’s stock worth $45,994,000 after purchasing an additional 98,565 shares in the last quarter. 83.02% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on CRM shares. Atlantic Securities started coverage on shares of salesforce.com in a report on Wednesday, January 9th. They set an “overweight” rating and a $179.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set a $185.00 price target (up from $175.00) on shares of salesforce.com in a report on Tuesday, March 5th. Canaccord Genuity restated a “buy” rating and set a $175.00 price target (up from $165.00) on shares of salesforce.com in a report on Wednesday, March 6th. Exane BNP Paribas started coverage on shares of salesforce.com in a report on Friday, March 29th. They set an “outperform” rating for the company. Finally, Barclays upped their price target on shares of salesforce.com to $180.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $177.82.

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salesforce.com Company Profile

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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