salesforce.com, inc. (NYSE:CRM) CFO Mark J. Hawkins sold 8,727 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $138.45, for a total value of $1,208,253.15. Following the completion of the transaction, the chief financial officer now owns 18,265 shares of the company’s stock, valued at approximately $2,528,789.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NYSE CRM opened at $147.06 on Thursday. The firm has a market capitalization of $125.77 billion, a P/E ratio of 735.34, a P/E/G ratio of 5.97 and a beta of 1.07. salesforce.com, inc. has a 1-year low of $115.29 and a 1-year high of $195.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.08 and a quick ratio of 1.08. The business’s 50-day simple moving average is $169.75 and its 200-day simple moving average is $163.37.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.10. The business had revenue of $4.85 billion for the quarter, compared to analyst estimates of $4.75 billion. salesforce.com had a return on equity of 3.61% and a net margin of 0.74%. During the same period in the previous year, the company posted $0.70 EPS. On average, equities research analysts expect that salesforce.com, inc. will post 1.28 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Assetmark Inc. raised its holdings in shares of salesforce.com by 21.0% during the 4th quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock valued at $53,000 after buying an additional 57 shares during the period. Blackhawk Capital Partners LLC. raised its holdings in shares of salesforce.com by 0.4% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 14,747 shares of the CRM provider’s stock valued at $2,189,000 after buying an additional 58 shares during the period. Earnest Partners LLC raised its holdings in shares of salesforce.com by 17.0% during the 4th quarter. Earnest Partners LLC now owns 419 shares of the CRM provider’s stock valued at $68,000 after buying an additional 61 shares during the period. Ballentine Partners LLC raised its holdings in shares of salesforce.com by 0.7% during the 4th quarter. Ballentine Partners LLC now owns 9,098 shares of the CRM provider’s stock valued at $1,480,000 after buying an additional 64 shares during the period. Finally, Highland Private Wealth Management raised its holdings in shares of salesforce.com by 2.5% during the 4th quarter. Highland Private Wealth Management now owns 2,650 shares of the CRM provider’s stock valued at $431,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 82.25% of the company’s stock.

A number of brokerages have recently weighed in on CRM. BMO Capital Markets raised their price target on salesforce.com to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 21st. SunTrust Banks restated a “buy” rating and issued a $210.00 price target on shares of salesforce.com in a research report on Wednesday, February 26th. Citigroup raised their price target on salesforce.com from $185.00 to $196.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. UBS Group raised their price target on salesforce.com from $190.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, February 21st. They noted that the move was a valuation call. Finally, Jefferies Financial Group restated a “buy” rating and issued a $180.00 price target on shares of salesforce.com in a research report on Wednesday. Three research analysts have rated the stock with a hold rating, forty have assigned a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $200.71.

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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