Susan Wojcicki Acquires 1,403 Shares of Salesforce.com Inc. (CRM) Stock
Salesforce.com Inc. (NYSE:CRM) Director Susan Wojcicki bought 1,403 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of $71.26 per share, for a total transaction of $99,977.78. Following the transaction, the director now directly owns 15,550 shares of the company’s stock, valued at approximately $1,108,093. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Susan Wojcicki also recently made the following trade(s):
- On Monday, September 19th, Susan Wojcicki bought 1,356 shares of Salesforce.com stock. The shares were purchased at an average price of $73.71 per share, for a total transaction of $99,950.76.
Salesforce.com Inc. (NYSE:CRM) opened at 68.42 on Thursday. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48. The company has a 50-day moving average of $74.66 and a 200-day moving average of $77.76. The firm has a market cap of $46.87 billion, a price-to-earnings ratio of 211.17 and a beta of 1.59.
Salesforce.com (NYSE:CRM) last announced its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Salesforce.com had a net margin of 2.91% and a return on equity of 2.19%. The company earned $2.04 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. Analysts predict that Salesforce.com Inc. will post $0.95 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. increased its position in shares of Salesforce.com by 1.3% in the second quarter. Cullen Frost Bankers Inc. now owns 206,019 shares of the CRM provider’s stock worth $16,360,000 after buying an additional 2,648 shares in the last quarter. Bank of Montreal Can bought a new position in shares of Salesforce.com during the second quarter worth $31,592,000. Soroban Capital Partners LP bought a new position in shares of Salesforce.com during the first quarter worth $290,380,000. Tybourne Capital Management HK Ltd. bought a new position in shares of Salesforce.com during the first quarter worth $72,518,000. Finally, Thrax Management LLC increased its position in shares of Salesforce.com by 42.5% in the first quarter. Thrax Management LLC now owns 401,562 shares of the CRM provider’s stock worth $29,647,000 after buying an additional 119,731 shares in the last quarter. 87.23% of the stock is owned by institutional investors.
Several brokerages recently issued reports on CRM. Bank of America Corp. restated a “buy” rating and issued a $77.82 price target (down previously from $100.00) on shares of Salesforce.com in a research report on Thursday, August 25th. Jefferies Group restated a “hold” rating and issued a $80.00 price target on shares of Salesforce.com in a research report on Tuesday, July 12th. Citigroup Inc. dropped their price target on Salesforce.com from $97.00 to $94.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Piper Jaffray Cos. restated a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a research report on Thursday, September 1st. Finally, Cowen and Company restated an “outperform” rating and issued a $100.00 price target on shares of Salesforce.com in a research report on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $92.56.
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.
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