Salesforce.com Inc. (NYSE:CRM) EVP Burke F. Norton sold 1,983 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $73.03, for a total transaction of $144,818.49. Following the sale, the executive vice president now directly owns 77,168 shares of the company’s stock, valued at approximately $5,635,579.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Salesforce.com Inc. (NYSE:CRM) opened at 72.00 on Thursday. The stock has a 50 day moving average of $74.25 and a 200 day moving average of $77.52. Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The firm has a market cap of $50.16 billion, a price-to-earnings ratio of 244.07 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The business earned $2.14 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. On average, equities research analysts expect that Salesforce.com Inc. will post $0.98 EPS for the current fiscal year.

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

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Iowa State Bank increased its stake in Salesforce.com by 2.7% in the second quarter. Iowa State Bank now owns 48,495 shares of the CRM provider’s stock valued at $3,851,000 after buying an additional 1,295 shares during the period. Fulton Bank N.A. increased its stake in Salesforce.com by 0.3% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider’s stock valued at $1,014,000 after buying an additional 38 shares during the period. Boltwood Capital Management increased its stake in Salesforce.com by 6.7% in the second quarter. Boltwood Capital Management now owns 10,885 shares of the CRM provider’s stock valued at $864,000 after buying an additional 685 shares during the period. Integrated Investment Consultants LLC increased its stake in Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock valued at $225,000 after buying an additional 37 shares during the period. Finally, Cullinan Associates Inc. increased its stake in Salesforce.com by 6.6% in the second quarter. Cullinan Associates Inc. now owns 25,690 shares of the CRM provider’s stock valued at $2,040,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.

Several brokerages recently weighed in on CRM. FBN Securities set a $90.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a report on Sunday, September 4th. Raymond James Financial Inc. set a $105.00 target price on shares of Salesforce.com and gave the stock a “buy” rating in a report on Sunday, September 4th. DA Davidson set a $86.00 target price on shares of Salesforce.com and gave the stock a “hold” rating in a report on Sunday, September 11th. Rosenblatt Securities set a $90.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, November 19th. Finally, Cowen and Company reiterated a “buy” rating on shares of Salesforce.com in a research note on Sunday, November 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have assigned a buy rating to the company’s stock. Salesforce.com has a consensus rating of “Buy” and a consensus target price of $92.05.

About Salesforce.com

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.

5 Day Chart for NYSE:CRM

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