Parker Harris Sells 8,026 Shares of Salesforce.com Inc (CRM) Stock

Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,026 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $105.96, for a total value of $850,434.96. Following the completion of the transaction, the insider now owns 19,261 shares in the company, valued at $2,040,895.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, November 7th, Parker Harris sold 8,026 shares of Salesforce.com stock. The shares were sold at an average price of $102.58, for a total value of $823,307.08.
  • On Tuesday, October 31st, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $102.13, for a total value of $819,695.38.
  • On Tuesday, October 17th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $96.44, for a total value of $774,027.44.
  • On Tuesday, October 10th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $95.55, for a total value of $766,884.30.
  • On Tuesday, October 3rd, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $94.92, for a total value of $761,827.92.
  • On Tuesday, September 26th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $92.61, for a total value of $743,287.86.
  • On Tuesday, September 19th, Parker Harris sold 8,026 shares of Salesforce.com stock. The stock was sold at an average price of $95.60, for a total value of $767,285.60.
  • On Tuesday, September 12th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $96.57, for a total value of $775,167.39.
  • On Tuesday, September 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $96.01, for a total value of $770,672.27.
  • On Tuesday, August 22nd, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $92.75, for a total value of $744,504.25.

Shares of Salesforce.com Inc (CRM) opened at $105.43 on Thursday. The company has a market cap of $76,347.51, a P/E ratio of 531.15, a price-to-earnings-growth ratio of 10.54 and a beta of 1.24. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $107.00. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. Salesforce.com’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter last year, the business earned $0.24 EPS. equities analysts anticipate that Salesforce.com Inc will post 0.4 earnings per share for the current fiscal year.

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A number of research firms have commented on CRM. Societe Generale set a $130.00 price target on Salesforce.com and gave the stock a “buy” rating in a research note on Wednesday. Mizuho restated a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Salesforce.com in a research note on Monday. Zacks Investment Research cut Salesforce.com from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating on shares of Salesforce.com in a research note on Thursday, November 9th. Finally, UBS AG began coverage on Salesforce.com in a research note on Thursday, November 9th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-six have assigned a buy rating to the company. Salesforce.com has a consensus rating of “Buy” and an average target price of $107.77.

Institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp boosted its holdings in shares of Salesforce.com by 10.7% in the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock valued at $1,927,000 after purchasing an additional 2,144 shares during the last quarter. Dai Ichi Life Insurance Company Ltd boosted its holdings in shares of Salesforce.com by 142.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after purchasing an additional 73,271 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA boosted its holdings in shares of Salesforce.com by 15.6% in the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock valued at $5,249,000 after purchasing an additional 8,181 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of Salesforce.com by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock valued at $78,914,000 after purchasing an additional 12,516 shares during the last quarter. Finally, Summit Global Investments boosted its holdings in shares of Salesforce.com by 85.3% in the 2nd quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after purchasing an additional 10,768 shares during the last quarter. Institutional investors own 86.14% of the company’s stock.

Salesforce.com Company Profile

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.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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