salesforce.com, inc. (NYSE:CRM) General Counsel Amy E. Weaver sold 5,325 shares of the firm’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $152.00, for a total value of $809,400.00. Following the sale, the general counsel now owns 26,798 shares in the company, valued at approximately $4,073,296. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of CRM traded down $0.43 during midday trading on Thursday, reaching $148.22. 46,180 shares of the company were exchanged, compared to its average volume of 4,684,989. The stock has a market cap of $115.53 billion, a PE ratio of 330.50, a P/E/G ratio of 4.97 and a beta of 1.27. salesforce.com, inc. has a 1-year low of $92.11 and a 1-year high of $154.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 1.29.
salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The firm’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. research analysts anticipate that salesforce.com, inc. will post 1.22 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. HRT Financial LLC purchased a new stake in shares of salesforce.com during the second quarter worth about $1,332,000. Bain Capital Public Equity Management LLC purchased a new stake in shares of salesforce.com during the second quarter worth about $8,638,000. Mainstay Capital Management LLC ADV increased its position in shares of salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock worth $7,081,000 after acquiring an additional 919,056 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of salesforce.com by 23.6% during the second quarter. Advisors Asset Management Inc. now owns 37,842 shares of the CRM provider’s stock worth $5,162,000 after acquiring an additional 7,228 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of salesforce.com by 2.3% during the second quarter. Public Employees Retirement System of Ohio now owns 497,589 shares of the CRM provider’s stock worth $67,871,000 after acquiring an additional 11,346 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors and hedge funds.
CRM has been the topic of a number of research analyst reports. Macquarie lifted their target price on salesforce.com from $157.00 to $174.00 and gave the company an “outperform” rating in a report on Thursday, August 30th. Canaccord Genuity reiterated a “buy” rating on shares of salesforce.com in a report on Thursday, June 28th. Jefferies Financial Group lifted their target price on salesforce.com to $168.00 and gave the company a “buy” rating in a report on Wednesday, August 22nd. Monness Crespi & Hardt reiterated a “buy” rating and issued a $170.00 target price (up previously from $158.00) on shares of salesforce.com in a report on Thursday, August 30th. Finally, UBS Group lifted their target price on salesforce.com from $168.00 to $180.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Five analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $157.55.
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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