Todays Report: Today, 2,628 Shares of Salesforce.com Inc. (CRM) Stock are sold by Alexandre Dayon

Today, 2,628 Shares of Salesforce.com Inc. (CRM) Stock are sold by Alexandre Dayon

Salesforce.com Inc. (NYSE:CRM) insider Alexandre Dayon sold 2,628 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $74.12, for a total transaction of $194,787.36. Following the transaction, the insider now owns 20,235 shares in the company, valued at $1,499,818.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexandre Dayon also recently made the following trade(s): On Friday, November 18th, Alexandre Dayon sold 33,408 shares of Salesforce.com stock. The stock was sold at an average price of $77.97, for a total transaction of $2,604,821.76. On Monday, September 12th, Alexandre Dayon sold 2,158 shares of Salesforce.com stock. The stock was sold at an average price of $73.82, for a total transaction of $159,303.56.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 73.95 on Friday. The company has a market cap of $51.06 billion, a PE ratio of 250.68 and a beta of 1.55. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The stock’s 50 day moving average is $74.03 and its 200 day moving average is $77.55.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. Equities analysts forecast that Salesforce.com Inc. will post $0.98 EPS for the current year.

Several analysts have commented on CRM shares. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $83.92 price objective on the stock in a research report on Wednesday, August 10th. MKM Partners reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Salesforce.com in a research report on Friday, August 5th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Salesforce.com in a research report on Thursday, August 25th. Bank of America Corp. reaffirmed a “buy” rating and issued a $77.82 price objective (down previously from $100.00) on shares of Salesforce.com in a research report on Thursday, August 25th. Finally, Mizuho reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.05.

Large investors have recently modified their holdings of the stock. Brighton Jones LLC raised its stake in shares of Salesforce.com by 0.5% in the second quarter. Brighton Jones LLC now owns 4,270 shares of the CRM provider’s stock worth $339,000 after buying an additional 22 shares in the last quarter. Hollencrest Securities LLC raised its stake in shares of Salesforce.com by 0.9% in the second quarter. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock worth $256,000 after buying an additional 29 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of Salesforce.com by 1.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,552 shares of the CRM provider’s stock worth $282,000 after buying an additional 35 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock worth $225,000 after buying an additional 37 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in shares of Salesforce.com by 0.3% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider’s stock worth $1,014,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

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