Insider Selling: salesforce.com, inc. (CRM) General Counsel Sells 494 Shares of Stock

salesforce.com, inc. (NYSE:CRM) General Counsel Amy E. Weaver sold 494 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $122.60, for a total transaction of $60,564.40. Following the completion of the transaction, the general counsel now directly owns 22,262 shares in the company, valued at $2,729,321.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of salesforce.com stock traded up $4.38 on Monday, hitting $126.41. The company’s stock had a trading volume of 8,385,324 shares, compared to its average volume of 5,569,261. salesforce.com, inc. has a 52-week low of $98.68 and a 52-week high of $161.19. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $92.34 billion, a PE ratio of 280.91, a P/E/G ratio of 4.01 and a beta of 1.38.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The business had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. On average, research analysts expect that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CRM. Botty Investors LLC purchased a new stake in shares of salesforce.com in the 3rd quarter worth about $123,000. Psagot Investment House Ltd. purchased a new stake in shares of salesforce.com in the 3rd quarter worth about $134,000. Resources Investment Advisors Inc. boosted its position in shares of salesforce.com by 328.2% in the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after buying an additional 965 shares in the last quarter. CWM LLC boosted its position in shares of salesforce.com by 95.8% in the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after buying an additional 645 shares in the last quarter. Finally, United Capital Management of KS Inc. purchased a new stake in shares of salesforce.com in the 3rd quarter worth about $193,000. Institutional investors and hedge funds own 83.59% of the company’s stock.

Several equities analysts have issued reports on CRM shares. Zacks Investment Research cut shares of salesforce.com from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Societe Generale set a $170.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research note on Tuesday, August 14th. Morgan Stanley boosted their price objective on shares of salesforce.com from $153.00 to $178.00 and gave the company an “overweight” rating in a research note on Tuesday, August 14th. Piper Jaffray Companies boosted their price objective on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, August 15th. Finally, UBS Group boosted their price objective on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Six analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $167.11.

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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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