salesforce.com, inc. (NYSE:CRM) Director Maynard G. Webb, Jr. sold 2,345 shares of the business’s stock in a transaction dated Wednesday, April 5th. The stock was sold at an average price of $85.00, for a total value of $199,325.00. Following the transaction, the director now directly owns 34,063 shares of the company’s stock, valued at $2,895,355. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
salesforce.com, inc. (NYSE:CRM) traded down 0.31% during trading on Friday, hitting $83.79. The stock had a trading volume of 2,946,068 shares. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $86.42. The firm has a market cap of $59.28 billion, a price-to-earnings ratio of 322.27 and a beta of 1.42. The firm’s 50 day moving average is $83.10 and its 200 day moving average is $76.92.
salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings data on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.23. The business earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The company’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. On average, analysts anticipate that salesforce.com, inc. will post $1.29 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of CRM. JNBA Financial Advisors raised its position in salesforce.com, inc. by 9.3% in the fourth quarter. JNBA Financial Advisors now owns 1,828 shares of the CRM provider’s stock worth $125,000 after buying an additional 155 shares during the last quarter. Hemenway Trust Co LLC acquired a new position in salesforce.com, inc. during the fourth quarter worth approximately $137,000. Global X Management Co. LLC raised its position in salesforce.com, inc. 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. Alpha Omega Wealth Management LLC acquired a new position in salesforce.com, inc. during the third quarter worth approximately $150,000. Finally, Pinnacle Bank purchased a new position in shares of salesforce.com, inc. during the first quarter valued at about $181,000. Institutional investors and hedge funds own 83.13% of the company’s stock.
Several equities research analysts recently weighed in on the company. DA Davidson restated a “neutral” rating and set a $80.00 target price on shares of salesforce.com, inc. in a research note on Wednesday, December 28th. Vetr cut salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 target price for the company. in a research note on Wednesday, March 8th. Cowen and Company restated an “outperform” rating and set a $100.00 target price on shares of salesforce.com, inc. in a research note on Wednesday, March 8th. Barclays PLC restated an “overweight” rating and set a $89.00 target price on shares of salesforce.com, inc. in a research note on Friday, March 3rd. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $95.00 target price on shares of salesforce.com, inc. in a research note on Friday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.02.
About salesforce.com, inc.
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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