Salesforce.com Inc. (CRM) Director Sells $18,525.00 in Stock
Salesforce.com Inc. (NYSE:CRM) Director Craig Conway sold 250 shares of the stock in a transaction that occurred on Monday, October 17th. The shares were sold at an average price of $74.10, for a total transaction of $18,525.00. Following the completion of the transaction, the director now owns 9,138 shares in the company, valued at $677,125.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Craig Conway also recently made the following trade(s):
- On Tuesday, September 6th, Craig Conway sold 1,020 shares of Salesforce.com stock. The shares were sold at an average price of $75.10, for a total transaction of $76,602.00.
- On Monday, August 15th, Craig Conway sold 400 shares of Salesforce.com stock. The shares were sold at an average price of $79.33, for a total transaction of $31,732.00.
Shares of Salesforce.com Inc. (NYSE:CRM) traded down 1.94% on Monday, reaching $72.83. 8,777,211 shares of the company’s stock were exchanged. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48. The company has a 50 day moving average price of $73.40 and a 200 day moving average price of $77.74. The firm has a market cap of $49.89 billion, a PE ratio of 224.78 and a beta of 1.59.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/17/salesforce-com-inc-crm-director-sells-18525-00-in-stock.html
Salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.02. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.02 billion. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. Salesforce.com’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 EPS. Analysts expect that Salesforce.com Inc. will post $0.95 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on CRM shares. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 price objective for the company in a research report on Wednesday, August 10th. MKM Partners reissued a “buy” rating and set a $96.00 price objective on shares of Salesforce.com in a research report on Friday, August 5th. Morgan Stanley reissued a “buy” rating on shares of Salesforce.com in a research report on Tuesday, June 28th. Credit Suisse Group AG reissued a “buy” rating on shares of Salesforce.com in a research report on Tuesday, June 28th. Finally, Brean Capital reissued a “buy” rating and set a $110.00 price objective on shares of Salesforce.com in a research report on Saturday, June 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and forty-five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $92.23.
A number of institutional investors have recently made changes to their positions in the stock. Soroban Capital Partners LP acquired a new position in shares of Salesforce.com during the first quarter valued at approximately $290,380,000. Vanguard Group Inc. increased its position in shares of Salesforce.com by 3.1% in the second quarter. Vanguard Group Inc. now owns 39,426,135 shares of the CRM provider’s stock valued at $3,130,829,000 after buying an additional 1,181,756 shares during the period. American Century Companies Inc. increased its position in shares of Salesforce.com by 54.4% in the second quarter. American Century Companies Inc. now owns 3,297,549 shares of the CRM provider’s stock valued at $261,858,000 after buying an additional 1,161,596 shares during the period. Waddell & Reed Financial Inc. increased its position in shares of Salesforce.com by 489.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,384,048 shares of the CRM provider’s stock valued at $109,908,000 after buying an additional 1,149,275 shares during the period. Finally, Tybourne Capital Management HK Ltd. acquired a new position in shares of Salesforce.com during the first quarter valued at approximately $72,518,000. 87.03% of the stock is currently owned by institutional investors.
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.
Receive News & Ratings for Salesforce.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.