salesforce.com, inc. (NYSE:CRM) Insider Alexandre Dayon Sells 848 Shares

salesforce.com, inc. (NYSE:CRM) insider Alexandre Dayon sold 848 shares of salesforce.com stock in a transaction on Monday, February 24th. The shares were sold at an average price of $183.35, for a total transaction of $155,480.80. Following the completion of the sale, the insider now directly owns 73,436 shares of the company’s stock, valued at $13,464,490.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alexandre Dayon also recently made the following trade(s):

  • On Monday, December 23rd, Alexandre Dayon sold 333 shares of salesforce.com stock. The shares were sold at an average price of $164.04, for a total transaction of $54,625.32.
  • On Monday, December 16th, Alexandre Dayon sold 20,729 shares of salesforce.com stock. The shares were sold at an average price of $161.99, for a total transaction of $3,357,890.71.

salesforce.com stock opened at $178.87 on Thursday. salesforce.com, inc. has a fifty-two week low of $137.87 and a fifty-two week high of $195.72. The stock has a market cap of $160.79 billion, a PE ratio of 169.41, a price-to-earnings-growth ratio of 7.72 and a beta of 1.19. The firm’s 50-day simple moving average is $184.81 and its 200 day simple moving average is $162.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.10. salesforce.com had a net margin of 0.74% and a return on equity of 4.07%. The business had revenue of $4.85 billion for the quarter, compared to analysts’ expectations of $4.75 billion. During the same period in the previous year, the company earned $0.70 earnings per share. As a group, analysts predict that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CRM. State Street Corp boosted its holdings in salesforce.com by 12.1% during the third quarter. State Street Corp now owns 34,667,028 shares of the CRM provider’s stock worth $5,145,974,000 after purchasing an additional 3,749,613 shares during the last quarter. Polen Capital Management LLC purchased a new position in salesforce.com during the fourth quarter worth about $501,219,000. Private Advisor Group LLC boosted its holdings in salesforce.com by 100.8% during the fourth quarter. Private Advisor Group LLC now owns 22,356 shares of the CRM provider’s stock worth $3,636,000 after purchasing an additional 2,782,856 shares during the last quarter. BlackRock Inc. boosted its holdings in salesforce.com by 4.7% during the second quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock worth $8,521,967,000 after purchasing an additional 2,499,996 shares during the last quarter. Finally, Farallon Capital Management LLC purchased a new position in salesforce.com during the fourth quarter worth about $280,534,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Several equities research analysts have weighed in on the stock. Northland Securities reaffirmed a “buy” rating and issued a $185.00 price target on shares of salesforce.com in a research note on Wednesday, December 4th. Wedbush lifted their price target on shares of salesforce.com from $192.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Deutsche Bank lifted their price target on shares of salesforce.com from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $200.00 price target on shares of salesforce.com in a research note on Wednesday. Finally, Goldman Sachs Group lifted their price target on shares of salesforce.com from $191.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $203.73.

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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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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