Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,026 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $94.92, for a total value of $761,827.92. Following the completion of the sale, the insider now owns 19,261 shares in the company, valued at approximately $1,828,254.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, September 26th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $92.61, for a total value of $743,287.86.
  • On Tuesday, September 19th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $95.60, for a total value of $767,285.60.
  • On Tuesday, September 12th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $96.57, for a total transaction of $775,167.39.
  • On Tuesday, September 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $96.01, for a total transaction of $770,672.27.
  • On Tuesday, August 22nd, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $92.75, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $715,767.59.

Salesforce.com Inc (CRM) traded up 1.51% during midday trading on Tuesday, reaching $95.36. 4,996,792 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $94.26 and its 200 day moving average is $89.07. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $98.22. The firm’s market capitalization is $68.54 billion.

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

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A number of hedge funds have recently made changes to their positions in CRM. Neville Rodie & Shaw Inc. lifted its holdings in Salesforce.com by 19.6% in the third quarter. Neville Rodie & Shaw Inc. now owns 23,999 shares of the CRM provider’s stock valued at $2,242,000 after acquiring an additional 3,926 shares during the period. Ardsley Advisory Partners purchased a new stake in Salesforce.com in the 2nd quarter worth approximately $779,000. Perigon Wealth Management LLC boosted its position in Salesforce.com by 6.9% in 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 in the last quarter. Sentry Investment Management LLC boosted its position in Salesforce.com by 1.1% in 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 in the last quarter. Finally, WFG Advisors LP boosted its position in Salesforce.com by 130.2% in 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 in the last quarter. Institutional investors own 86.06% of the company’s stock.

Several research analysts recently issued reports on the stock. Northland Securities set a $105.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Saturday, June 24th. Cowen and Company reissued an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of Salesforce.com in a research note on Tuesday. Robert W. Baird restated a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and set a $111.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Finally, Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a research note on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $102.62.

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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