Trade Report: Today, 3,335 Shares of Salesforce.com Inc. (CRM) Stock are sold by Maria Martinez

Today, 3,335 Shares of Salesforce.com Inc. (CRM) Stock are sold by Maria Martinez

Salesforce.com Inc. (NYSE:CRM) insider Maria Martinez sold 3,335 shares of Salesforce.com stock in a transaction on Monday, November 28th. The shares were sold at an average price of $73.03, for a total transaction of $243,555.05. Following the completion of the sale, the insider now owns 32,168 shares in the company, valued at $2,349,229.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 72.93 on Tuesday. The company has a 50 day moving average of $74.32 and a 200-day moving average of $77.55. The stock has a market cap of $50.36 billion, a price-to-earnings ratio of 247.22 and a beta of 1.55. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48.

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

A number of equities analysts have commented on the stock. 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. 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. Rosenblatt Securities set a $90.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, November 19th. Finally, Cowen and Company reissued a “buy” rating on shares of Salesforce.com in a research note on Sunday, November 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company. Salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $92.05.

Large investors have recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares during the last quarter. M&R Capital Management Inc. bought a new stake in shares of Salesforce.com during the second quarter valued at approximately $119,000. NEXT Financial Group Inc raised its stake in shares of Salesforce.com by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock valued at $125,000 after buying an additional 39 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock valued at $143,000 after buying an additional 1,009 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in shares of Salesforce.com by 278.4% in the third quarter. Global X Management Co. LLC now owns 2,066 shares of the CRM provider’s stock valued at $147,000 after buying an additional 1,520 shares during the last quarter. Institutional investors own 85.24% of the company’s stock.

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