Salesforce.com Inc (NYSE:CRM) Director Craig Conway sold 250 shares of Salesforce.com stock in a transaction on Monday, July 17th. The shares were sold at an average price of $90.17, for a total transaction of $22,542.50. Following the completion of the transaction, the director now owns 9,352 shares in the company, valued at approximately $843,269.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Craig Conway also recently made the following trade(s):
- On Monday, May 15th, Craig Conway sold 250 shares of Salesforce.com stock. The shares were sold at an average price of $89.06, for a total transaction of $22,265.00.
Shares of Salesforce.com Inc (NYSE:CRM) traded up 0.75% during trading on Friday, reaching $88.29. 2,882,037 shares of the company were exchanged. Salesforce.com Inc has a one year low of $66.43 and a one year high of $92.13. The company has a market capitalization of $62.88 billion, a PE ratio of 467.14 and a beta of 1.29. The firm’s 50 day moving average price is $89.18 and its 200 day moving average price is $85.65.
Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. Salesforce.com’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 EPS. Equities research analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in CRM. Thompson Davis & CO. Inc. raised its stake in Salesforce.com by 0.6% in the second quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after buying an additional 18 shares during the last quarter. First Personal Financial Services raised its stake in shares of Salesforce.com by 1.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock valued at $142,000 after buying an additional 25 shares in the last quarter. Appropriate Balance Financial Services Inc. raised its stake in shares of Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after buying an additional 33 shares in the last quarter. Intrust Bank NA raised its stake in shares of Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock valued at $731,000 after buying an additional 36 shares in the last quarter. Finally, Boston Private Wealth LLC raised its stake in shares of Salesforce.com by 0.3% in the second quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock valued at $1,092,000 after buying an additional 38 shares in the last quarter. 85.87% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on CRM shares. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 target price for the company in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Credit Suisse Group initiated coverage on shares of Salesforce.com in a report on Thursday, April 27th. They set an “outperform” rating and a $110.00 price target on the stock. Royal Bank Of Canada restated a “buy” rating and set a $102.00 price target on shares of Salesforce.com in a report on Monday, July 31st. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $100.00 price target on shares of Salesforce.com in a report on Sunday, May 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirty-nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $97.31.
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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