Amy E. Weaver Sells 335 Shares of salesforce.com, inc. (NYSE:CRM) Stock

salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 335 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $153.88, for a total value of $51,549.80. Following the completion of the transaction, the insider now directly owns 27,383 shares in the company, valued at approximately $4,213,696.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of CRM stock opened at $149.04 on Thursday. The stock has a market cap of $115.89 billion, a price-to-earnings ratio of 102.79, a price-to-earnings-growth ratio of 5.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a fifty day moving average price of $154.54. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.32. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Equities analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current year.

CRM has been the topic of several research analyst reports. Bank of America reissued a “buy” rating and issued a $200.00 price objective (up previously from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Goldman Sachs Group reissued a “buy” rating and issued a $178.00 price objective on shares of salesforce.com in a research note on Monday, March 4th. JPMorgan Chase & Co. increased their price objective on salesforce.com to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price objective (up previously from $175.00) on shares of salesforce.com in a research note on Tuesday, March 5th. Finally, Wedbush upped their target price on salesforce.com from $174.00 to $192.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the stock. salesforce.com currently has a consensus rating of “Buy” and an average target price of $179.97.

A number of institutional investors and hedge funds have recently made changes to their positions in CRM. Norges Bank acquired a new stake in salesforce.com during the 4th quarter worth about $938,778,000. Lunia Capital LP acquired a new stake in salesforce.com during the 4th quarter worth about $5,811,000. BlackRock Inc. grew its position in salesforce.com by 9.2% during the 4th quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after purchasing an additional 4,321,630 shares during the period. FIL Ltd grew its position in salesforce.com by 158.1% during the 1st quarter. FIL Ltd now owns 1,901,195 shares of the CRM provider’s stock worth $301,093,000 after purchasing an additional 1,164,713 shares during the period. Finally, Coatue Management LLC grew its position in salesforce.com by 609.0% during the 4th quarter. Coatue Management LLC now owns 973,924 shares of the CRM provider’s stock worth $133,398,000 after purchasing an additional 836,563 shares during the period. 81.53% of the stock is currently owned by institutional investors.

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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