Alexandre Dayon Sells 124,331 Shares of Salesforce.com Inc (CRM) Stock
Salesforce.com Inc (NYSE:CRM) insider Alexandre Dayon sold 124,331 shares of Salesforce.com stock in a transaction on Friday, October 20th. The stock was sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the transaction, the insider now directly owns 154,406 shares in the company, valued at $15,286,194. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Salesforce.com Inc (CRM) traded down 0.47% during trading on Monday, hitting $98.44. The stock had a trading volume of 4,024,937 shares. The firm’s 50-day moving average is $95.60 and its 200 day moving average is $90.32. The firm’s market cap is $70.75 billion. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $99.44.
Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the 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 firm had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts expect that Salesforce.com Inc will post $1.32 EPS for the current year.
CRM has been the topic of a number of recent analyst reports. Stephens reiterated an “overweight” rating and set a $107.00 target price (up from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. Zacks Investment Research cut Salesforce.com from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Vetr cut Salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 target price on the stock. in a research note on Wednesday, October 11th. Moffett Nathanson initiated coverage on Salesforce.com in a research note on Wednesday, September 6th. They set a “buy” rating and a $125.00 target price on the stock. Finally, BNP Paribas restated a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have assigned a buy rating to the company. Salesforce.com currently has an average rating of “Buy” and a consensus price target of $102.75.
Large investors have recently bought and sold shares of the stock. Capital Analysts LLC grew its position in Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after acquiring an additional 156 shares during the period. Peddock Capital Advisors LLC grew its position in Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after acquiring an additional 1,350 shares during the period. People s United Financial Inc. grew its position in Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after acquiring an additional 550 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in Salesforce.com in the second quarter worth approximately $130,000. Finally, Harfst & Associates Inc. purchased a new position in Salesforce.com in the first quarter worth approximately $141,000. 86.00% of the stock is owned by hedge funds and other institutional investors.
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.
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