salesforce.com, inc. (NYSE:CRM) Insider Parker Harris Sells 620 Shares

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salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 620 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $151.38, for a total value of $93,855.60. Following the transaction, the insider now owns 29,438 shares in the company, valued at $4,456,324.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Tuesday, June 4th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $147.30, for a total value of $91,326.00.
  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $156.09, for a total value of $96,775.80.
  • On Tuesday, May 14th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $156.39, for a total value of $989,948.70.
  • On Tuesday, May 7th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $157.43, for a total value of $996,531.90.
  • On Tuesday, April 16th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $159.46, for a total value of $1,009,541.26.
  • On Tuesday, April 9th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $157.36, for a total value of $996,246.16.

Shares of CRM stock opened at $150.55 on Friday. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $167.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm has a market cap of $117.39 billion, a P/E ratio of 103.83, a price-to-earnings-growth ratio of 5.21 and a beta of 1.39.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the previous year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. On average, equities research analysts forecast that salesforce.com, inc. will post 1.34 earnings per share for the current fiscal year.

Several research analysts have commented on the company. Bank of America restated a “buy” rating and set a $200.00 price objective on shares of salesforce.com in a report on Monday, May 20th. Nomura reiterated a “buy” rating on shares of salesforce.com in a report on Tuesday, May 28th. UBS Group set a $190.00 price target on salesforce.com and gave the company a “buy” rating in a report on Tuesday. Exane BNP Paribas began coverage on salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating on the stock. Finally, Wedbush reiterated an “outperform” rating and issued a $192.00 price target on shares of salesforce.com in a report on Friday, May 31st. Four equities research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $180.03.

A number of institutional investors and hedge funds have recently modified their holdings of CRM. Hellman Jordan Management Co. Inc. MA acquired a new position in shares of salesforce.com in the 1st quarter valued at about $7,933,000. KCL Capital L.P. acquired a new position in shares of salesforce.com in the 1st quarter valued at about $7,127,000. Meridian Wealth Management LLC lifted its holdings in shares of salesforce.com by 32.1% in the 1st quarter. Meridian Wealth Management LLC now owns 5,611 shares of the CRM provider’s stock valued at $889,000 after buying an additional 1,363 shares during the period. Marshall Wace North America L.P. lifted its holdings in shares of salesforce.com by 576.2% in the 1st quarter. Marshall Wace North America L.P. now owns 68,861 shares of the CRM provider’s stock valued at $10,907,000 after buying an additional 58,678 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of salesforce.com by 9.0% in the 1st quarter. Clearbridge Investments LLC now owns 205,464 shares of the CRM provider’s stock valued at $32,539,000 after buying an additional 16,970 shares during the period. 82.14% of the stock is owned by institutional investors.

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About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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