Parker Harris Sells 1,877 Shares of salesforce.com, inc. (CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 1,877 shares of salesforce.com stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $107.70, for a total transaction of $202,152.90. Following the completion of the sale, the insider now owns 15,502 shares of the company’s stock, valued at approximately $1,669,565.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, February 6th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $105.01, for a total transaction of $194,268.50.
  • On Tuesday, January 30th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $112.40, for a total transaction of $207,940.00.
  • On Tuesday, January 23rd, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $113.18, for a total transaction of $209,383.00.
  • On Tuesday, January 16th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $110.85, for a total transaction of $205,072.50.
  • On Tuesday, January 9th, Parker Harris sold 1,850 shares of salesforce.com stock. The shares were sold at an average price of $109.00, for a total transaction of $201,650.00.

Shares of salesforce.com, inc. (NYSE CRM) traded down $0.86 during trading hours on Tuesday, hitting $107.69. 7,529,404 shares of the company were exchanged, compared to its average volume of 4,290,000. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The stock has a market cap of $77,780.00, a P/E ratio of 10,769.00, a P/E/G ratio of 5.93 and a beta of 1.32. salesforce.com, inc. has a 52 week low of $80.25 and a 52 week high of $114.52.

salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. analysts predict that salesforce.com, inc. will post 0.43 EPS for the current year.

A number of analysts have commented on CRM shares. Royal Bank of Canada restated a “buy” rating and set a $109.00 price target on shares of salesforce.com in a research note on Friday, October 20th. BTIG Research boosted their price target on shares of salesforce.com to $120.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks restated a “buy” rating and set a $114.00 price target on shares of salesforce.com in a research note on Friday, November 3rd. KeyCorp restated a “buy” rating and set a $108.00 price target on shares of salesforce.com in a research note on Wednesday, November 8th. Finally, Citigroup boosted their price target on shares of salesforce.com to $124.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Two 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. The company has a consensus rating of “Buy” and an average target price of $113.62.

Several large investors have recently modified their holdings of the stock. Moors & Cabot Inc. boosted its holdings in shares of salesforce.com by 34.5% in the 4th quarter. Moors & Cabot Inc. now owns 13,926 shares of the CRM provider’s stock worth $1,428,000 after buying an additional 3,571 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of salesforce.com by 2.6% in the 4th quarter. Scotia Capital Inc. now owns 40,178 shares of the CRM provider’s stock worth $4,108,000 after buying an additional 1,022 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in shares of salesforce.com in the 4th quarter worth about $225,000. Pitcairn Co. boosted its holdings in shares of salesforce.com by 5.6% in the 4th quarter. Pitcairn Co. now owns 51,158 shares of the CRM provider’s stock worth $5,230,000 after buying an additional 2,716 shares during the last quarter. Finally, Columbus Hill Capital Management L.P. purchased a new position in shares of salesforce.com in the 4th quarter worth about $1,125,000. 85.33% of the stock is currently owned by institutional investors.

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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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