The Salesforce.com Inc. (CRM) Insider Sold $194,787.36 in Stock

The Salesforce.com Inc. (CRM) Insider Sold $194,787.36 in Stock

Salesforce.com Inc. (NYSE:CRM) insider Alexandre Dayon sold 2,628 shares of Salesforce.com stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $74.12, for a total value of $194,787.36. Following the completion of the sale, the insider now directly owns 20,235 shares in the company, valued at approximately $1,499,818.20. The transaction was disclosed in a legal filing with the SEC, which is available 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 shares were sold at an average price of $77.97, for a total value of $2,604,821.76. On Monday, September 12th, Alexandre Dayon sold 2,158 shares of Salesforce.com stock. The shares were sold at an average price of $73.82, for a total value of $159,303.56.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 73.73 on Monday. Salesforce.com Inc. has a one year low of $52.60 and a one year high of $84.48. The firm’s 50-day moving average price is $74.26 and its 200-day moving average price is $77.55. The stock has a market capitalization of $50.91 billion, a P/E ratio of 249.93 and a beta of 1.55.

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

CRM has been the topic of several analyst reports. Bank of America Corp. reissued a “buy” rating and set a $70.52 target price (down previously from $100.00) on shares of Salesforce.com in a research report on Wednesday, October 5th. Vetr upgraded Salesforce.com from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Piper Jaffray Cos. restated an “overweight” rating and set a $100.00 price objective on shares of Salesforce.com in a report on Monday, August 15th. Mizuho boosted their price objective on Salesforce.com from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Finally, Wedbush restated an “outperform” rating and set a $98.00 price objective (up previously from $96.00) on shares of Salesforce.com in a report on Friday, August 26th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $92.05.

Several hedge funds have recently added to or reduced their stakes in CRM. Signaturefd LLC increased its stake in Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock worth $107,000 after buying an additional 693 shares during the last quarter. M&R Capital Management Inc. purchased a new stake in Salesforce.com during the second quarter worth approximately $119,000. NEXT Financial Group Inc increased its stake in Salesforce.com by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock worth $125,000 after buying an additional 39 shares during the last quarter. Ropes Wealth Advisors LLC increased its stake in Salesforce.com by 128.2% in the second quarter. Ropes Wealth Advisors LLC now owns 1,796 shares of the CRM provider’s stock worth $143,000 after buying an additional 1,009 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in 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 worth $147,000 after buying an additional 1,520 shares during the last quarter. Institutional investors and hedge funds own 85.24% of the company’s stock.

Salesforce.com Company Profile

Related posts

Leave a Comment