salesforce.com, inc. (NYSE:CRM) insider Amy E. Weaver sold 11,107 shares of the stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $103.29, for a total transaction of $1,147,242.03. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of salesforce.com, inc. (NYSE CRM) opened at $110.24 on Friday. The company has a market cap of $78,802.94, a P/E ratio of 11,024.00, a price-to-earnings-growth ratio of 10.19 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a 12 month low of $74.00 and a 12 month high of $110.71.
salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. salesforce.com’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. equities analysts anticipate that salesforce.com, inc. will post 0.43 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on CRM shares. Citigroup increased their target price on shares of salesforce.com to $124.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating and set a $115.00 target price on shares of salesforce.com in a research note on Wednesday, November 1st. Robert W. Baird set a $110.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Sunday, October 1st. Royal Bank of Canada restated a “buy” rating and issued a $109.00 price objective on shares of salesforce.com in a research report on Friday, October 20th. Finally, Guggenheim initiated coverage on shares of salesforce.com in a research report on Monday, October 30th. They issued a “buy” rating and a $125.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-three have given a buy rating to the company. salesforce.com presently has an average rating of “Buy” and an average price target of $112.66.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. boosted its holdings in shares of salesforce.com by 0.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after purchasing an additional 18 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of salesforce.com by 0.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 30,933 shares of the CRM provider’s stock valued at $2,679,000 after purchasing an additional 85 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of salesforce.com by 0.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock valued at $1,313,000 after purchasing an additional 93 shares during the last quarter. Homrich & Berg boosted its holdings in shares of salesforce.com by 3.7% in the 2nd quarter. Homrich & Berg now owns 2,756 shares of the CRM provider’s stock valued at $239,000 after purchasing an additional 98 shares during the last quarter. Finally, Linscomb & Williams Inc. boosted its holdings in shares of salesforce.com by 2.5% in the 2nd quarter. Linscomb & Williams Inc. now owns 4,187 shares of the CRM provider’s stock valued at $363,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 85.57% of the company’s stock.
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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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