salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of salesforce.com stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $157.06, for a total value of $97,377.20. Following the completion of the sale, the insider now directly owns 30,092 shares in the company, valued at $4,726,249.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Parker Harris also recently made the following trade(s):

  • On Tuesday, July 9th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $153.35, for a total value of $95,077.00.
  • On Tuesday, June 11th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $151.38, for a total value of $93,855.60.
  • On Tuesday, June 4th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $147.30, for a total value of $91,326.00.
  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $156.09, for a total value of $96,775.80.
  • On Tuesday, May 14th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $156.39, for a total value of $989,948.70.
  • On Tuesday, May 7th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $157.43, for a total value of $996,531.90.

Shares of CRM traded up $0.75 during mid-day trading on Tuesday, reaching $156.96. 3,722,640 shares of the company’s stock traded hands, compared to its average volume of 5,648,811. The stock has a market capitalization of $121.22 billion, a PE ratio of 108.25, a P/E/G ratio of 5.88 and a beta of 1.29. The firm’s 50-day moving average is $154.87. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The firm had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The company’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.74 earnings per share. As a group, equities research analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current year.

Several equities research analysts have recently issued reports on CRM shares. Wedbush set a $12.00 target price on GameStop and gave the stock a “buy” rating in a report on Friday, May 31st. Credit Suisse Group reaffirmed an “outperform” rating on shares of salesforce.com in a report on Thursday, June 6th. Jefferies Financial Group set a $189.00 target price on salesforce.com and gave the stock a “buy” rating in a report on Monday, July 15th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $200.00 target price (up from $195.00) on shares of salesforce.com in a report on Wednesday, June 5th. Finally, OTR Global cut salesforce.com to a “positive” rating in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $180.11.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRM. Comerica Securities Inc. increased its stake in shares of salesforce.com by 10.6% in the 4th quarter. Comerica Securities Inc. now owns 1,704 shares of the CRM provider’s stock valued at $233,000 after acquiring an additional 163 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of salesforce.com by 9.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 915,894 shares of the CRM provider’s stock valued at $125,446,000 after acquiring an additional 75,502 shares during the last quarter. Aspire Private Capital LLC bought a new stake in shares of salesforce.com in the 4th quarter valued at about $36,000. Actinver Wealth Management Inc. bought a new stake in shares of salesforce.com in the 4th quarter valued at about $535,000. Finally, Private Trust Co. NA increased its stake in shares of salesforce.com by 39.3% in the 1st quarter. Private Trust Co. NA now owns 6,727 shares of the CRM provider’s stock valued at $1,065,000 after acquiring an additional 1,898 shares during the last quarter. 81.61% of the stock is currently owned by hedge funds and other institutional investors.

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

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