Salesforce.com Inc. (NYSE:CRM) insider Joe Allanson sold 577 shares of the stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $73.73, for a total transaction of $42,542.21. Following the sale, the insider now owns 29,353 shares in the company, valued at approximately $2,164,196.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joe Allanson also recently made the following trade(s):

  • On Tuesday, November 29th, Joe Allanson sold 1,165 shares of Salesforce.com stock. The shares were sold at an average price of $72.76, for a total transaction of $84,765.40.
  • On Wednesday, November 23rd, Joe Allanson sold 657 shares of Salesforce.com stock. The shares were sold at an average price of $74.12, for a total transaction of $48,696.84.

Salesforce.com Inc. (NYSE:CRM) opened at 72.00 on Thursday. The firm has a market capitalization of $50.16 billion, a PE ratio of 244.07 and a beta of 1.55. The company has a 50 day moving average of $74.32 and a 200 day moving average of $77.55. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48.

Salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 earnings per share. Analysts forecast that Salesforce.com Inc. will post $0.98 EPS for the current year.

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

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A number of hedge funds have recently modified their holdings of the stock. Gulf International Bank UK Ltd boosted its stake in Salesforce.com by 1.9% in the second quarter. Gulf International Bank UK Ltd now owns 189,065 shares of the CRM provider’s stock worth $15,013,000 after buying an additional 3,600 shares during the last quarter. Hollencrest Securities LLC boosted its stake in Salesforce.com by 0.9% in the second quarter. Hollencrest Securities LLC now owns 3,229 shares of the CRM provider’s stock worth $256,000 after buying an additional 29 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Salesforce.com by 2.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 545,225 shares of the CRM provider’s stock worth $43,297,000 after buying an additional 11,971 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Salesforce.com by 7.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 164,849 shares of the CRM provider’s stock worth $13,091,000 after buying an additional 11,302 shares during the last quarter. Finally, British Columbia Investment Management Corp boosted its stake in Salesforce.com by 2.4% in the second quarter. British Columbia Investment Management Corp now owns 436,116 shares of the CRM provider’s stock worth $34,632,000 after buying an additional 10,098 shares during the last quarter. 85.24% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. Cowen and Company set a $95.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Tuesday. Rosenblatt Securities set a $90.00 price target on shares of Salesforce.com and gave the stock a “buy” rating in a research report on Saturday, November 19th. JMP Securities reiterated a “buy” rating on shares of Salesforce.com in a research report on Friday, November 18th. Pacific Crest reiterated a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research report on Friday, November 18th. Finally, BTIG Research reiterated a “buy” rating on shares of Salesforce.com in a research report on Friday, November 18th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target 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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