salesforce.com, inc. (NYSE:CRM) General Counsel Amy E. Weaver sold 501 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $153.54, for a total value of $76,923.54. Following the completion of the sale, the general counsel now directly owns 26,396 shares of the company’s stock, valued at $4,052,841.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NYSE:CRM opened at $154.51 on Friday. 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 firm has a market capitalization of $119.09 billion, a price-to-earnings ratio of 106.56, 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 quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.14. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter in the prior year, the company earned $0.35 EPS. On average, equities analysts forecast that salesforce.com, inc. will post 1.18 EPS for the current fiscal year.

A number of research firms recently commented on CRM. BMO Capital Markets reissued an “outperform” rating and issued a $185.00 price target (up from $175.00) on shares of salesforce.com in a research report on Tuesday, March 5th. Canaccord Genuity reissued a “buy” rating and issued a $175.00 price target (up from $165.00) on shares of salesforce.com in a research report on Wednesday, March 6th. Exane BNP Paribas began coverage on salesforce.com in a research report on Friday, March 29th. They issued an “outperform” rating for the company. Barclays increased their price target on salesforce.com to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, March 5th. Finally, TheStreet raised salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Three research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $177.82.

Several hedge funds have recently bought and sold shares of CRM. Vanguard Group Inc grew its stake in shares of salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after acquiring an additional 2,398,648 shares during the period. Mycio Wealth Partners LLC grew its stake in shares of salesforce.com by 2.5% during the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock worth $388,000 after acquiring an additional 70 shares during the period. BB&T Corp grew its stake in shares of salesforce.com by 5.6% during the 4th quarter. BB&T Corp now owns 30,916 shares of the CRM provider’s stock worth $4,235,000 after acquiring an additional 1,639 shares during the period. IFP Advisors Inc grew its stake in shares of salesforce.com by 96.7% during the 4th quarter. IFP Advisors Inc now owns 4,972 shares of the CRM provider’s stock worth $670,000 after acquiring an additional 2,444 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in shares of salesforce.com during the 4th quarter worth $15,211,000. Institutional investors own 82.97% of the company’s stock.

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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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