Salesforce.com Inc (NYSE:CRM) insider Parker Harris sold 8,026 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $95.60, for a total value of $767,285.60. Following the completion of the transaction, the insider now owns 51,571 shares of the company’s stock, valued at $4,930,187.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Parker Harris also recently made the following trade(s):

  • On Tuesday, September 12th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $96.57, for a total value of $775,167.39.
  • On Tuesday, September 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The shares were sold at an average price of $96.01, for a total value of $770,672.27.
  • On Tuesday, August 22nd, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $92.75, for a total value of $744,504.25.
  • On Tuesday, August 15th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $90.76, for a total value of $728,530.52.
  • On Tuesday, August 8th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $90.29, for a total value of $724,757.83.
  • On Tuesday, August 1st, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $91.30, for a total value of $732,865.10.
  • On Tuesday, July 25th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $90.38, for a total value of $725,480.26.
  • On Tuesday, July 18th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $89.17, for a total value of $715,767.59.
  • On Tuesday, July 11th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $88.22, for a total value of $708,141.94.
  • On Wednesday, July 5th, Parker Harris sold 8,027 shares of Salesforce.com stock. The stock was sold at an average price of $87.12, for a total value of $699,312.24.

Salesforce.com Inc (CRM) traded up 0.02% during mid-day trading on Friday, reaching $94.88. 866,973 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $93.14 and its 200 day moving average is $88.31. The stock’s market capitalization is $68.19 billion. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $98.22.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.09 by $0.24. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. Salesforce.com’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Analysts forecast that Salesforce.com Inc will post $1.32 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.dailypolitical.com/2017/09/22/parker-harris-sells-8026-shares-of-salesforce-com-inc-crm-stock.html.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Salesforce.com by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after purchasing an additional 2,268,623 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after buying an additional 2,740,329 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Salesforce.com by 911.7% in the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after buying an additional 11,498,509 shares during the period. Janus Capital Management LLC boosted its holdings in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock worth $927,363,000 after buying an additional 1,910,921 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its holdings in shares of Salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock worth $809,259,000 after buying an additional 592,409 shares during the period. Institutional investors own 86.06% of the company’s stock.

Several equities research analysts recently commented on CRM shares. Credit Suisse Group started coverage on Salesforce.com in a research note on Tuesday, August 1st. They set an “outperform” rating and a $110.00 target price for the company. Zacks Investment Research raised Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 target price for the company in a research note on Monday, August 21st. Wells Fargo & Company reaffirmed a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. BNP Paribas reissued a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Friday, August 25th. Finally, JMP Securities reissued a “buy” rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-seven have issued a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and a consensus price target of $102.28.

About Salesforce.com

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)

Receive News & Ratings for Salesforce.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.