Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,027 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $96.57, for a total value of $775,167.39. Following the sale, the insider now directly owns 51,572 shares in the company, valued at approximately $4,980,308.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Tuesday, September 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $96.01, for a total value of $770,672.27.
  • On Tuesday, August 22nd, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $92.75, for a total value of $744,504.25.
  • On Tuesday, August 15th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.76, for a total value of $728,530.52.
  • On Tuesday, August 8th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.29, for a total value of $724,757.83.
  • On Tuesday, August 1st, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $91.30, for a total value of $732,865.10.
  • On Tuesday, July 25th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $90.38, for a total value of $725,480.26.
  • On Tuesday, July 18th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $89.17, for a total value of $715,767.59.
  • On Tuesday, July 11th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $88.22, for a total value of $708,141.94.
  • On Wednesday, July 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.12, for a total value of $699,312.24.
  • On Tuesday, June 20th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $87.27, for a total value of $700,516.29.

Salesforce.com Inc (NYSE:CRM) traded down 0.26% during trading on Thursday, hitting $95.36. 5,054,565 shares of the company traded hands. The firm has a 50 day moving average of $92.74 and a 200 day moving average of $87.94. Salesforce.com Inc has a one year low of $66.43 and a one year high of $98.22. The firm’s market cap is $68.54 billion.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business posted $0.24 EPS. Salesforce.com’s quarterly revenue was up 25.7% on a year-over-year basis. On average, analysts expect that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Perigon Wealth Management LLC increased its stake in shares of Salesforce.com by 6.9% during the 2nd quarter. Perigon Wealth Management LLC now owns 46,557 shares of the CRM provider’s stock worth $4,032,000 after purchasing an additional 3,002 shares during the last quarter. Sentry Investment Management LLC increased its stake in shares of Salesforce.com by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 51,926 shares of the CRM provider’s stock worth $4,497,000 after purchasing an additional 543 shares during the last quarter. WFG Advisors LP increased its stake in shares of Salesforce.com by 130.2% during the 2nd quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after purchasing an additional 1,039 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Salesforce.com by 28.2% during the 2nd quarter. Toronto Dominion Bank now owns 226,456 shares of the CRM provider’s stock worth $19,607,000 after purchasing an additional 49,835 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of Salesforce.com during the 2nd quarter worth $257,000. Institutional investors own 86.98% of the company’s stock.

Several equities analysts recently commented on CRM shares. Zacks Investment Research lowered Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Stephens reissued an “overweight” rating and issued a $107.00 target price (up previously from $100.00) on shares of Salesforce.com in a report on Thursday, August 31st. Vetr raised Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 target price on the stock in a report on Monday, June 12th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $102.00 target price (up previously from $100.00) on shares of Salesforce.com in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have given a hold rating and forty-seven have assigned a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and a consensus target price of $102.28.

About Salesforce.com

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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