Trade Report: The 5,000 Shares of Stock are sold by Salesforce.com Inc. (CRM) Insider Parker Harris

The 5,000 Shares of Stock are sold by Salesforce.com Inc. (CRM) Insider Parker Harris

Salesforce.com Inc. (NYSE:CRM) insider Parker Harris sold 5,000 shares of Salesforce.com stock in a transaction dated Tuesday, October 11th. The shares were sold at an average price of $72.45, for a total transaction of $362,250.00. Following the sale, the insider now owns 39,467 shares of the company’s stock, valued at approximately $2,859,384.15. The sale was disclosed in a document filed with the SEC, which is available through this link.

Parker Harris also recently made the following trade(s): On Tuesday, October 4th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $71.29, for a total transaction of $356,450.00. On Tuesday, September 27th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $70.13, for a total transaction of $350,650.00. On Tuesday, September 20th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.08, for a total transaction of $365,400.00. On Tuesday, September 13th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $73.21, for a total transaction of $366,050.00. On Tuesday, September 6th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $75.26, for a total transaction of $376,300.00. On Tuesday, August 30th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $79.68, for a total transaction of $398,400.00. On Tuesday, August 23rd, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $78.01, for a total transaction of $390,050.00. On Tuesday, August 16th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $78.33, for a total transaction of $391,650.00. On Tuesday, August 9th, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $81.31, for a total transaction of $406,550.00. On Tuesday, August 2nd, Parker Harris sold 5,000 shares of Salesforce.com stock. The shares were sold at an average price of $80.19, for a total transaction of $400,950.00.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 72.23 on Thursday. The firm’s 50 day moving average is $73.98 and its 200 day moving average is $77.72. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The stock has a market capitalization of $49.48 billion, a price-to-earnings ratio of 222.93 and a beta of 1.59.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The company earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the prior year, the business posted $0.19 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. On average, equities analysts predict that Salesforce.com Inc. will post $0.95 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ngam Advisors L.P. boosted its position in Salesforce.com by 37.2% in the first quarter. Ngam Advisors L.P. now owns 29,442 shares of the CRM provider’s stock valued at $2,174,000 after buying an additional 7,986 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in Salesforce.com during the first quarter valued at about $3,993,000. Bessemer Group Inc. boosted its position in Salesforce.com by 65.3% in the first quarter. Bessemer Group Inc. now owns 5,997 shares of the CRM provider’s stock valued at $442,000 after buying an additional 2,370 shares during the last quarter. AMF Pensionsforsakring AB boosted its position in Salesforce.com by 488.5% in the first quarter. AMF Pensionsforsakring AB now owns 602,629 shares of the CRM provider’s stock valued at $44,492,000 after buying an additional 500,229 shares during the last quarter. Finally, Ithaka Group LLC boosted its position in Salesforce.com by 1.4% in the first quarter. Ithaka Group LLC now owns 521,540 shares of the CRM provider’s stock valued at $38,505,000 after buying an additional 7,275 shares during the last quarter. 87.23% of the stock is owned by institutional investors.

Several research firms recently commented on CRM. DA Davidson set a $86.00 price objective on shares of Salesforce.com and gave the stock a “hold” rating in a research note on Sunday, September 11th. FBN Securities set a $90.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Sunday, September 4th. Morgan Stanley reiterated a “buy” rating on shares of Salesforce.com in a research note on Tuesday, June 28th. Finally, Citigroup Inc. reduced their price objective on shares of Salesforce.com from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $92.51.

About Salesforce.com

Related posts

Leave a Comment