Salesforce.com Inc. (NYSE:CRM) insider Parker Harris sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $73.08, for a total transaction of $365,400.00. Following the completion of the sale, the insider now directly owns 39,467 shares of the company’s stock, valued at $2,884,248.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Tuesday, September 13th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.21, for a total transaction of $366,050.00.
  • On Tuesday, September 6th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $75.26, for a total transaction of $376,300.00.
  • On Tuesday, August 30th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $79.68, for a total transaction of $398,400.00.
  • On Tuesday, August 23rd, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $78.01, for a total transaction of $390,050.00.
  • On Tuesday, August 16th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00.
  • On Tuesday, August 9th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.31, for a total transaction of $406,550.00.
  • On Tuesday, August 2nd, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $80.19, for a total transaction of $400,950.00.
  • On Tuesday, July 26th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.73, for a total transaction of $408,650.00.
  • On Tuesday, July 19th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.39, for a total transaction of $406,950.00.
  • On Tuesday, July 12th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.92, for a total transaction of $409,600.00.

Salesforce.com Inc. (NYSE:CRM) opened at 74.18 on Thursday. The company’s 50 day moving average price is $77.35 and its 200-day moving average price is $77.79. The firm has a market capitalization of $50.81 billion, a price-to-earnings ratio of 228.95 and a beta of 1.57. Salesforce.com Inc. has a 12-month low of $52.60 and a 12-month high of $84.48.

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Salesforce.com (NYSE:CRM) last released its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The business earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter last year, the firm posted $0.19 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. On average, equities analysts anticipate that Salesforce.com Inc. will post $0.95 earnings per share for the current fiscal year.

CRM has been the subject of a number of analyst reports. Vetr lowered shares of Salesforce.com from a “sell” rating to a “strong sell” rating and set a $70.42 price objective for the company. in a research note on Thursday, August 25th. Jefferies Group reiterated a “hold” rating and issued a $80.00 target price on shares of Salesforce.com in a report on Friday, August 19th. Bank of America Corp. reiterated a “buy” rating and issued a $77.82 target price (down previously from $100.00) on shares of Salesforce.com in a report on Thursday, August 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $93.00 target price on shares of Salesforce.com in a report on Thursday, August 25th. Finally, Macquarie reiterated an “outperform” rating and issued a $97.00 target price on shares of Salesforce.com in a report on Wednesday, August 31st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $92.63.

Large investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in Salesforce.com during the second quarter valued at approximately $2,042,000. Kentucky Retirement Systems acquired a new stake in Salesforce.com during the second quarter valued at approximately $4,301,000. KAMES CAPITAL plc acquired a new stake in Salesforce.com during the second quarter valued at approximately $1,790,000. Northwestern Mutual Investment Management Company LLC boosted its stake in Salesforce.com by 0.9% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 24,295 shares of the CRM provider’s stock valued at $1,929,000 after buying an additional 216 shares in the last quarter. Finally, Mason Street Advisors LLC acquired a new stake in Salesforce.com during the second quarter valued at approximately $6,812,000. 87.23% of the stock is owned by institutional investors and hedge funds.

About Salesforce.com

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

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