Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,027 shares of the business’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $89.17, for a total transaction of $715,767.59. Following the completion of the sale, the insider now owns 49,913 shares in the company, valued at $4,450,742.21. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

  • On Tuesday, July 11th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $88.22, for a total transaction of $708,141.94.
  • On Wednesday, July 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $87.12, for a total transaction of $699,312.24.
  • On Tuesday, June 20th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $87.27, for a total transaction of $700,516.29.
  • On Tuesday, June 13th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $87.31, for a total transaction of $700,837.37.
  • On Tuesday, May 30th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $90.82, for a total transaction of $729,012.14.
  • On Tuesday, May 16th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $89.79, for a total transaction of $720,744.33.

Salesforce.com Inc (CRM) traded down 0.02% during midday trading on Tuesday, hitting $89.27. 3,813,143 shares of the stock traded hands. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $91.99. The stock has a market capitalization of $63.58 billion, a PE ratio of 472.33 and a beta of 1.28. The firm’s 50 day moving average is $88.71 and its 200-day moving average is $82.11.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. Salesforce.com’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share. On average, analysts anticipate that Salesforce.com Inc will post $1.30 EPS for the current fiscal year.

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A number of analysts recently commented on CRM shares. Vetr upgraded shares of Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $93.31 target price on the stock in a report on Monday, March 20th. JMP Securities reiterated an “outperform” rating and issued a $92.00 target price on shares of Salesforce.com in a report on Monday, March 20th. BMO Capital Markets reiterated a “buy” rating and issued a $92.00 target price on shares of Salesforce.com in a report on Wednesday, March 22nd. Robert W. Baird reiterated an “outperform” rating and issued a $90.00 target price on shares of Salesforce.com in a report on Saturday, March 25th. Finally, Barclays PLC boosted their target price on shares of Salesforce.com from $89.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $97.41.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Intrust Bank NA increased its position in Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock worth $731,000 after buying an additional 36 shares during the period. King Luther Capital Management Corp increased its position in Salesforce.com by 1.3% in the first quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock worth $267,000 after buying an additional 43 shares during the period. Wellington Shields Capital Management LLC increased its position in Salesforce.com by 0.3% in the first quarter. Wellington Shields Capital Management LLC now owns 15,350 shares of the CRM provider’s stock worth $1,266,000 after buying an additional 50 shares during the period. Boltwood Capital Management increased its position in Salesforce.com by 0.4% in the second quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock worth $1,182,000 after buying an additional 60 shares during the period. Finally, Guardian Life Insurance Co. of America increased its position in Salesforce.com by 3.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,529 shares of the CRM provider’s stock worth $209,000 after buying an additional 83 shares during the period. 85.62% of the stock is owned by institutional investors and hedge funds.

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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