Mark J. Hawkins Sells 536 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 536 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $153.88, for a total value of $82,479.68. Following the sale, the chief financial officer now owns 20,744 shares in the company, valued at approximately $3,192,086.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

salesforce.com stock opened at $149.34 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The stock has a 50 day moving average of $154.65. The stock has a market cap of $121.71 billion, a price-to-earnings ratio of 102.99, a PEG ratio of 5.81 and a beta of 1.38.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.32. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. As a group, sell-side analysts forecast that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Bank of America restated a “buy” rating and set a $200.00 price target (up previously from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Mizuho assumed coverage on salesforce.com in a research note on Wednesday, March 13th. They set a “buy” rating and a $185.00 price target on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $180.00 price target on shares of salesforce.com in a research note on Wednesday, April 17th. Robert W. Baird upped their target price on salesforce.com from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, Macquarie upped their target price on salesforce.com from $174.00 to $188.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Four investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $179.97.

A number of institutional investors have recently added to or reduced their stakes in CRM. Avondale Wealth Management raised its stake in shares of salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after buying an additional 80 shares during the period. Citizens Financial Group Inc RI acquired a new position in shares of salesforce.com during the 1st quarter worth approximately $27,000. Arcadia Investment Management Corp MI raised its stake in shares of salesforce.com by 63.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after buying an additional 68 shares during the period. CX Institutional raised its stake in shares of salesforce.com by 426.5% during the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after buying an additional 145 shares during the period. Finally, Brand Asset Management Group Inc. acquired a new position in shares of salesforce.com during the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 81.53% of the company’s stock.

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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