salesforce.com, inc. (NYSE:CRM) CFO Amy E. Weaver sold 10,000 shares of salesforce.com stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the sale, the chief financial officer now directly owns 32,296 shares of the company’s stock, valued at approximately $7,105,120. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
salesforce.com stock opened at $220.79 on Thursday. The firm has a market capitalization of $203.35 billion, a price-to-earnings ratio of 57.65, a price-to-earnings-growth ratio of 5.42 and a beta of 1.17. The firm’s fifty day moving average price is $218.94 and its two-hundred day moving average price is $233.22. salesforce.com, inc. has a 1-year low of $145.00 and a 1-year high of $284.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07.
salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Thursday, February 25th. The CRM provider reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.74. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.68 billion. On average, research analysts forecast that salesforce.com, inc. will post 2.81 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of salesforce.com during the 4th quarter valued at $2,202,604,000. Morgan Stanley boosted its position in salesforce.com by 13.8% during the fourth quarter. Morgan Stanley now owns 13,886,700 shares of the CRM provider’s stock worth $3,090,207,000 after purchasing an additional 1,680,084 shares during the period. BlackRock Inc. increased its stake in shares of salesforce.com by 1.9% in the fourth quarter. BlackRock Inc. now owns 65,415,954 shares of the CRM provider’s stock worth $14,557,012,000 after purchasing an additional 1,217,637 shares in the last quarter. Flossbach Von Storch AG raised its position in shares of salesforce.com by 333.6% in the fourth quarter. Flossbach Von Storch AG now owns 1,432,152 shares of the CRM provider’s stock valued at $318,697,000 after purchasing an additional 1,101,836 shares during the period. Finally, Harvard Management Co. Inc. purchased a new stake in shares of salesforce.com during the 4th quarter valued at approximately $206,406,000. 80.20% of the stock is owned by institutional investors and hedge funds.
CRM has been the subject of several research reports. JPMorgan Chase & Co. set a $250.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research report on Friday, February 26th. UBS Group reaffirmed a “buy” rating and issued a $280.00 price objective on shares of salesforce.com in a report on Tuesday, March 16th. Zacks Investment Research cut shares of salesforce.com from a “hold” rating to a “sell” rating and set a $232.00 target price for the company. in a research report on Monday, March 1st. Macquarie boosted their price objective on shares of salesforce.com from $252.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, February 26th. Finally, Loop Capital raised shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 target price on the stock in a report on Monday, January 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and three have assigned a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus price target of $269.03.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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