Parker Harris Sells 6,330 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 6,330 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $157.43, for a total transaction of $996,531.90. Following the sale, the insider now owns 33,882 shares in the company, valued at $5,334,043.26. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Parker Harris also recently made the following trade(s):

  • On Tuesday, May 28th, Parker Harris sold 620 shares of salesforce.com stock. The stock was sold at an average price of $156.09, for a total transaction of $96,775.80.
  • On Tuesday, May 14th, Parker Harris sold 6,330 shares of salesforce.com stock. The stock was sold at an average price of $156.39, for a total transaction of $989,948.70.
  • On Tuesday, April 16th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $159.46, for a total transaction of $1,009,541.26.
  • On Tuesday, April 9th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $157.36, for a total transaction of $996,246.16.
  • On Tuesday, March 12th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $158.33, for a total transaction of $1,002,387.23.
  • On Tuesday, February 19th, Parker Harris sold 6,331 shares of salesforce.com stock. The stock was sold at an average price of $160.72, for a total transaction of $1,017,518.32.
  • On Tuesday, February 12th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $162.35, for a total transaction of $927,180.85.

NYSE CRM traded down $4.25 during trading on Friday, reaching $151.41. The company’s stock had a trading volume of 5,216,492 shares, compared to its average volume of 5,101,517. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $167.56. The stock has a market capitalization of $117.84 billion, a PE ratio of 104.42, a price-to-earnings-growth ratio of 5.64 and a beta of 1.37.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. During the same period in the previous year, the company earned $0.35 earnings per share. As a group, equities analysts anticipate that salesforce.com, inc. will post 1.18 EPS for the current year.

Several brokerages have recently issued reports on CRM. Bank of America reaffirmed a “buy” rating and issued a $200.00 price objective on shares of salesforce.com in a research note on Monday, May 20th. Nomura reaffirmed a “buy” rating on shares of salesforce.com in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and issued a $192.00 price objective on shares of salesforce.com in a research note on Friday. Exane BNP Paribas began coverage on shares of salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating on the stock. Finally, BNP Paribas initiated coverage on shares of salesforce.com in a research note on Friday, March 29th. They issued an “outperform” rating on the stock. Three analysts have rated the stock with a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $178.57.

Institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. increased its position in salesforce.com by 576.2% during the first quarter. Marshall Wace North America L.P. now owns 68,861 shares of the CRM provider’s stock worth $10,907,000 after acquiring an additional 58,678 shares during the period. Clearbridge Investments LLC increased its holdings in salesforce.com by 9.0% in the 1st quarter. Clearbridge Investments LLC now owns 205,464 shares of the CRM provider’s stock valued at $32,539,000 after buying an additional 16,970 shares during the period. Ocean Capital Management LLC increased its holdings in salesforce.com by 11.0% in the 1st quarter. Ocean Capital Management LLC now owns 18,417 shares of the CRM provider’s stock valued at $2,917,000 after buying an additional 1,827 shares during the period. Rehmann Capital Advisory Group increased its holdings in salesforce.com by 8.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 2,556 shares of the CRM provider’s stock valued at $405,000 after buying an additional 202 shares during the period. Finally, Trust Co. of Toledo NA OH increased its holdings in salesforce.com by 2.2% in the 1st quarter. Trust Co. of Toledo NA OH now owns 12,633 shares of the CRM provider’s stock valued at $2,001,000 after buying an additional 275 shares during the period. Institutional investors and hedge funds own 82.14% of the company’s stock.

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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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