Salesforce.com Inc (NYSE:CRM) EVP Cynthia G. Robbins sold 681 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $89.33, for a total transaction of $60,833.73. Following the completion of the transaction, the executive vice president now owns 1,765 shares in the company, valued at $157,667.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of Salesforce.com Inc (NYSE CRM) opened at 90.76 on Friday. The company’s 50-day moving average price is $89.63 and its 200-day moving average price is $86.11. The company has a market capitalization of $64.64 billion, a PE ratio of 480.21 and a beta of 1.29. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $92.49.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.26 by $0.02. The firm had revenue of $2.39 billion for 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%. The company’s revenue was up 24.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 EPS. On average, equities analysts expect that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Salesforce.com during the fourth quarter valued at about $16,734,000. Perigon Wealth Management LLC raised its position in Salesforce.com by 49.2% in the fourth quarter. Perigon Wealth Management LLC now owns 46,770 shares of the CRM provider’s stock valued at $3,845,000 after buying an additional 15,413 shares during the last quarter. Teachers Advisors LLC raised its position in Salesforce.com by 31.4% in the fourth quarter. Teachers Advisors LLC now owns 2,653,210 shares of the CRM provider’s stock valued at $181,639,000 after buying an additional 633,760 shares during the last quarter. Kentucky Retirement Systems bought a new position in Salesforce.com during the fourth quarter valued at about $3,171,000. Finally, Kentucky Retirement Systems Insurance Trust Fund bought a new position in Salesforce.com during the fourth quarter valued at about $1,415,000. Institutional investors and hedge funds own 86.29% of the company’s stock.
Several brokerages have recently issued reports on CRM. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Salesforce.com in a research note on Friday, May 19th. Zacks Investment Research cut shares of Salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. SunTrust Banks, Inc. began coverage on shares of Salesforce.com in a research note on Monday, June 26th. They issued a “buy” rating and a $110.00 price objective on the stock. Vetr cut shares of Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective on the stock. in a research note on Tuesday, July 11th. Finally, ValuEngine raised shares of Salesforce.com from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Two equities research 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 stock. Salesforce.com presently has an average 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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