salesforce.com, inc. (NYSE:CRM) CAO Joe Allanson sold 168 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $153.88, for a total value of $25,851.84. Following the completion of the sale, the chief accounting officer now owns 30,641 shares in the company, valued at $4,715,037.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Joe Allanson also recently made the following trade(s):
- On Thursday, May 23rd, Joe Allanson sold 327 shares of salesforce.com stock. The shares were sold at an average price of $153.55, for a total value of $50,210.85.
- On Wednesday, March 27th, Joe Allanson sold 656 shares of salesforce.com stock. The shares were sold at an average price of $158.67, for a total value of $104,087.52.
NYSE CRM opened at $149.04 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. salesforce.com, inc. has a 52-week low of $113.60 and a 52-week high of $167.56. The business’s 50-day moving average is $154.54. The stock has a market capitalization of $115.89 billion, a price-to-earnings ratio of 102.79, a P/E/G ratio of 5.53 and a beta of 1.39.
salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ 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 analyst estimates of $3.68 billion. During the same quarter last year, the company posted $0.74 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. On average, equities analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Avondale Wealth Management boosted its holdings in salesforce.com by 100.0% in the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 80 shares in the last quarter. Citizens Financial Group Inc RI purchased a new stake in salesforce.com in the 1st quarter valued at approximately $27,000. Arcadia Investment Management Corp MI boosted its holdings in salesforce.com by 63.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 68 shares in the last quarter. CX Institutional boosted its holdings in salesforce.com by 426.5% in the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 145 shares in the last quarter. Finally, Brand Asset Management Group Inc. purchased a new stake in salesforce.com in the 1st quarter valued at approximately $30,000. 81.53% of the stock is currently owned by hedge funds and other institutional investors.
CRM has been the topic of a number of analyst reports. Nomura set a $184.00 price target on salesforce.com and gave the company a “buy” rating in a research note on Tuesday, March 5th. Societe Generale set a $186.00 price objective on salesforce.com and gave the stock a “buy” rating in a report on Tuesday, March 5th. SunTrust Banks raised their price objective on salesforce.com to $183.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Credit Suisse Group reaffirmed a “buy” rating and set a $175.00 price objective on shares of salesforce.com in a report on Tuesday, March 5th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of salesforce.com in a report on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $179.97.
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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