Insider Selling: salesforce.com, inc. (CRM) Director Sells 194 Shares of Stock

salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 194 shares of the business’s stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $85.35, for a total transaction of $16,557.90. Following the transaction, the director now owns 17,811 shares in the company, valued at approximately $1,520,168.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

John Victor Roos also recently made the following trade(s):

  • On Thursday, April 20th, John Victor Roos sold 194 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.99, for a total transaction of $16,294.06.
  • On Thursday, April 13th, John Victor Roos sold 194 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.20, for a total transaction of $16,140.80.
  • On Thursday, March 30th, John Victor Roos sold 194 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.25, for a total transaction of $15,956.50.
  • On Thursday, March 23rd, John Victor Roos sold 194 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.00, for a total transaction of $15,908.00.
  • On Thursday, March 16th, John Victor Roos sold 194 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.88, for a total transaction of $16,272.72.
  • On Thursday, March 9th, John Victor Roos sold 194 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.19, for a total transaction of $16,138.86.
  • On Thursday, March 2nd, John Victor Roos sold 141 shares of salesforce.com, inc. stock. The shares were sold at an average price of $83.56, for a total transaction of $11,781.96.
  • On Thursday, February 23rd, John Victor Roos sold 144 shares of salesforce.com, inc. stock. The shares were sold at an average price of $82.24, for a total transaction of $11,842.56.
  • On Thursday, February 16th, John Victor Roos sold 144 shares of salesforce.com, inc. stock. The shares were sold at an average price of $81.68, for a total transaction of $11,761.92.
  • On Thursday, February 9th, John Victor Roos sold 144 shares of salesforce.com, inc. stock. The shares were sold at an average price of $80.75, for a total transaction of $11,628.00.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.31% on Friday, reaching $83.79. The company had a trading volume of 2,942,489 shares. salesforce.com, inc. has a 12 month low of $66.43 and a 12 month high of $86.42. The stock has a 50 day moving average price of $83.10 and a 200-day moving average price of $76.92. The company has a market capitalization of $59.28 billion, a price-to-earnings ratio of 322.27 and a beta of 1.42.

salesforce.com, inc. (NYSE:CRM) last issued its earnings results on Tuesday, February 28th. The CRM provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.23. The business earned $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The business’s quarterly revenue was up 26.8% on a year-over-year basis. During the same period last year, the business earned $0.19 EPS. Analysts forecast that salesforce.com, inc. will post $1.29 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for salesforce.com, inc. (NYSE:CRM)

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Several hedge funds have recently modified their holdings of CRM. State Street Corp boosted its position in salesforce.com, inc. by 7.0% in the fourth quarter. State Street Corp now owns 26,765,636 shares of the CRM provider’s stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the period. Jennison Associates LLC boosted its position in salesforce.com, inc. by 3.2% in the third quarter. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider’s stock worth $1,480,724,000 after buying an additional 649,445 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in salesforce.com, inc. by 3.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,980,055 shares of the CRM provider’s stock worth $1,211,187,000 after buying an additional 585,931 shares during the period. Janus Capital Management LLC boosted its position in salesforce.com, inc. by 24.3% in the fourth quarter. Janus Capital Management LLC now owns 8,844,260 shares of the CRM provider’s stock worth $605,886,000 after buying an additional 1,727,696 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in salesforce.com, inc. by 5.1% in the third quarter. Ameriprise Financial Inc. now owns 8,648,009 shares of the CRM provider’s stock worth $616,865,000 after buying an additional 420,944 shares during the period. 83.13% of the stock is owned by institutional investors and hedge funds.

CRM has been the subject of several analyst reports. Vetr lowered shares of salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 price target for the company. in a research report on Wednesday, March 1st. Cowen and Company reissued an “outperform” rating and set a $95.00 price target on shares of salesforce.com, inc. in a research report on Thursday, February 16th. Morgan Stanley restated an “overweight” rating and set a $107.00 price objective on shares of salesforce.com, inc. in a report on Wednesday, March 8th. Pacific Crest restated an “overweight” rating on shares of salesforce.com, inc. in a report on Saturday, January 7th. Finally, William Blair restated an “outperform” rating on shares of salesforce.com, inc. in a report on Wednesday, February 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target 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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