Salesforce.com Inc (NYSE:CRM) insider Maria Martinez sold 940 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $92.77, for a total transaction of $87,203.80. Following the sale, the insider now directly owns 18,950 shares in the company, valued at $1,757,991.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Maria Martinez also recently made the following trade(s):

  • On Tuesday, August 29th, Maria Martinez sold 940 shares of Salesforce.com stock. The stock was sold at an average price of $92.75, for a total transaction of $87,185.00.
  • On Monday, August 28th, Maria Martinez sold 726 shares of Salesforce.com stock. The shares were sold at an average price of $93.38, for a total transaction of $67,793.88.
  • On Friday, July 28th, Maria Martinez sold 940 shares of Salesforce.com stock. The shares were sold at an average price of $90.14, for a total transaction of $84,731.60.
  • On Thursday, July 27th, Maria Martinez sold 10,000 shares of Salesforce.com stock. The shares were sold at an average price of $92.00, for a total transaction of $920,000.00.

Salesforce.com Inc (NYSE:CRM) opened at 95.52 on Thursday. The company’s market capitalization is $68.65 billion. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $98.22. The firm’s 50-day moving average price is $94.40 and its 200 day moving average price is $89.12.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. Equities research analysts expect that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Neville Rodie & Shaw Inc. grew its stake in shares of Salesforce.com by 19.6% in the third quarter. Neville Rodie & Shaw Inc. now owns 23,999 shares of the CRM provider’s stock worth $2,242,000 after acquiring an additional 3,926 shares during the last quarter. Ardsley Advisory Partners purchased a new stake in shares of Salesforce.com in the second quarter worth $779,000. Perigon Wealth Management LLC grew its stake in shares of Salesforce.com by 6.9% in the second quarter. Perigon Wealth Management LLC now owns 46,557 shares of the CRM provider’s stock worth $4,032,000 after acquiring an additional 3,002 shares during the last quarter. Sentry Investment Management LLC grew its stake in shares of Salesforce.com by 1.1% in the second quarter. Sentry Investment Management LLC now owns 51,926 shares of the CRM provider’s stock worth $4,497,000 after acquiring an additional 543 shares during the last quarter. Finally, WFG Advisors LP grew its stake in shares of Salesforce.com by 130.2% in the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after acquiring an additional 1,039 shares during the last quarter. 86.06% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 price objective on the stock in a report on Monday, August 21st. Credit Suisse Group assumed coverage on shares of Salesforce.com in a report on Tuesday, August 1st. They issued an “outperform” rating and a $110.00 price objective on the stock. Wells Fargo & Company reiterated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a report on Thursday, August 24th. BNP Paribas reiterated a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a report on Friday, August 25th. Finally, JMP Securities reiterated a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $102.62.

Salesforce.com Company Profile

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.

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

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