salesforce.com, inc. (NYSE:CRM) CRO Sells $203,333.40 in Stock

salesforce.com, inc. (NYSE:CRM) CRO Gavin Patterson sold 747 shares of salesforce.com stock in a transaction that occurred on Thursday, September 23rd. The shares were sold at an average price of $272.20, for a total value of $203,333.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gavin Patterson also recently made the following trade(s):

  • On Friday, July 23rd, Gavin Patterson sold 517 shares of salesforce.com stock. The stock was sold at an average price of $248.21, for a total value of $128,324.57.

Shares of CRM stock opened at $285.63 on Friday. The stock has a market capitalization of $279.63 billion, a PE ratio of 114.71, a P/E/G ratio of 7.35 and a beta of 1.09. salesforce.com, inc. has a 1-year low of $201.51 and a 1-year high of $286.36. The business has a 50-day moving average of $254.77 and a 200 day moving average of $237.86. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.93 and a quick ratio of 0.93.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 24th. The CRM provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.56. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.25 billion. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. salesforce.com’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. Analysts anticipate that salesforce.com, inc. will post 2.09 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. MBM Wealth Consultants LLC purchased a new stake in salesforce.com during the 1st quarter valued at about $25,000. Atlas Private Wealth Advisors boosted its holdings in salesforce.com by 115.3% during the 2nd quarter. Atlas Private Wealth Advisors now owns 127 shares of the CRM provider’s stock valued at $31,000 after acquiring an additional 68 shares during the period. First PREMIER Bank purchased a new stake in salesforce.com in the 2nd quarter worth approximately $32,000. Sage Financial Management Group Inc. purchased a new stake in salesforce.com in the 1st quarter worth approximately $32,000. Finally, Providence Capital Advisors LLC lifted its holdings in salesforce.com by 87.2% in the 1st quarter. Providence Capital Advisors LLC now owns 161 shares of the CRM provider’s stock worth $34,000 after buying an additional 75 shares during the period. Institutional investors own 77.33% of the company’s stock.

Several research analysts have weighed in on the company. Wolfe Research boosted their price objective on salesforce.com from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, August 26th. Mizuho boosted their price objective on salesforce.com from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research lowered salesforce.com from a “hold” rating to a “sell” rating and set a $273.00 target price on the stock. in a research note on Wednesday, August 25th. Stifel Nicolaus boosted their target price on salesforce.com from $315.00 to $350.00 and gave the company a “buy” rating in a research note on Friday. Finally, Robert W. Baird restated a “buy” rating and issued a $295.00 target price on shares of salesforce.com in a research note on Sunday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, salesforce.com presently has an average rating of “Buy” and a consensus price target of $310.17.

About salesforce.com

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

Recommended Story: What are the advantages to having securities held in street name?

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.