salesforce.com, inc. (NYSE:CRM) CAO Joe Allanson sold 327 shares of salesforce.com stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $153.55, for a total transaction of $50,210.85. Following the completion of the transaction, the chief accounting officer now directly owns 30,619 shares in the company, valued at $4,701,547.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Joe Allanson also recently made the following trade(s):

  • On Wednesday, March 27th, Joe Allanson sold 656 shares of salesforce.com stock. The stock was sold at an average price of $158.67, for a total transaction of $104,087.52.
  • On Monday, March 25th, Joe Allanson sold 667 shares of salesforce.com stock. The stock was sold at an average price of $159.60, for a total transaction of $106,453.20.
  • On Monday, February 25th, Joe Allanson sold 322 shares of salesforce.com stock. The stock was sold at an average price of $162.13, for a total transaction of $52,205.86.

NYSE CRM traded down $3.93 during trading on Thursday, reaching $153.71. The company’s stock had a trading volume of 4,332,319 shares, compared to its average volume of 4,538,486. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $120.07 billion, a PE ratio of 106.01, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $167.56.

salesforce.com (NYSE:CRM) last posted its earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same period in the previous year, the company earned $0.35 earnings per share. As a group, equities analysts anticipate that salesforce.com, inc. will post 1.18 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ocean Capital Management LLC lifted its stake in salesforce.com by 11.0% in the first quarter. Ocean Capital Management LLC now owns 18,417 shares of the CRM provider’s stock valued at $2,917,000 after acquiring an additional 1,827 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in salesforce.com by 8.6% in the first quarter. Rehmann Capital Advisory Group now owns 2,556 shares of the CRM provider’s stock valued at $405,000 after acquiring an additional 202 shares during the last quarter. Trust Co. of Toledo NA OH lifted its stake in salesforce.com by 2.2% in the first quarter. Trust Co. of Toledo NA OH now owns 12,633 shares of the CRM provider’s stock valued at $2,001,000 after acquiring an additional 275 shares during the last quarter. Cerebellum GP LLC lifted its stake in salesforce.com by 61.7% in the first quarter. Cerebellum GP LLC now owns 2,086 shares of the CRM provider’s stock valued at $330,000 after acquiring an additional 796 shares during the last quarter. Finally, Holderness Investments Co. acquired a new stake in salesforce.com in the first quarter valued at approximately $216,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Several research analysts have recently weighed in on CRM shares. TheStreet raised shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Goldman Sachs Group reissued a “buy” rating and issued a $178.00 target price on shares of salesforce.com in a research report on Monday, March 4th. Macquarie lifted their target price on shares of salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Wells Fargo & Co lifted their target price on shares of salesforce.com from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Finally, Raymond James lifted their target price on shares of salesforce.com from $165.00 to $200.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus price target of $177.82.

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salesforce.com Company Profile

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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