Salesforce.com Inc (NYSE:CRM) Director Craig Conway sold 250 shares of Salesforce.com stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $90.17, for a total value of $22,542.50. Following the sale, the director now directly owns 9,352 shares of the company’s stock, valued at approximately $843,269.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Craig Conway also recently made the following trade(s):

  • On Monday, May 15th, Craig Conway sold 250 shares of Salesforce.com stock. The shares were sold at an average price of $89.06, for a total value of $22,265.00.

Salesforce.com Inc (CRM) traded down 0.02% on Tuesday, reaching $89.27. 3,813,143 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $88.71 and a 200-day moving average of $82.11. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $91.99. The firm has a market capitalization of $63.58 billion, a price-to-earnings ratio of 472.33 and a beta of 1.28.

Salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $0.24 EPS. On average, equities analysts expect that Salesforce.com Inc will post $1.30 earnings per share for the current year.

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A number of equities analysts have weighed in on the company. Northland Securities set a $105.00 price objective on Salesforce.com and gave the company a “buy” rating in a research note on Saturday, June 24th. MKM Partners reiterated a “buy” rating and set a $104.00 price objective (up previously from $98.00) on shares of Salesforce.com in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. Finally, Mizuho reiterated a “buy” rating and set a $100.00 price objective (up previously from $95.00) on shares of Salesforce.com in a research note on Friday, May 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and an average price target of $97.41.

Several large investors have recently made changes to their positions in CRM. Vanguard Group Inc. boosted its stake in Salesforce.com by 4.7% in the first quarter. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider’s stock valued at $3,619,736,000 after buying an additional 1,956,427 shares during the last quarter. Janus Capital Management LLC boosted its stake in Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock valued at $927,363,000 after buying an additional 1,910,921 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Salesforce.com by 34.8% in the first quarter. Alliancebernstein L.P. now owns 2,530,351 shares of the CRM provider’s stock valued at $208,729,000 after buying an additional 653,152 shares during the last quarter. Teachers Advisors LLC boosted its stake in Salesforce.com by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 2,653,210 shares of the CRM provider’s stock valued at $181,639,000 after buying an additional 633,760 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Salesforce.com by 11.2% in the first quarter. Geode Capital Management LLC now owns 5,793,802 shares of the CRM provider’s stock valued at $477,183,000 after buying an additional 583,131 shares during the last quarter. Institutional investors and hedge funds own 85.62% of the company’s stock.

Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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