Salesforce.com Inc (NYSE:CRM) insider Alexandre Dayon sold 9,210 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $106.69, for a total value of $982,614.90. Following the completion of the sale, the insider now owns 18,473 shares of the company’s stock, valued at $1,970,884.37. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alexandre Dayon also recently made the following trade(s):

  • On Tuesday, November 21st, Alexandre Dayon sold 180,748 shares of Salesforce.com stock. The shares were sold at an average price of $109.02, for a total value of $19,705,146.96.
  • On Friday, October 27th, Alexandre Dayon sold 8,477 shares of Salesforce.com stock. The shares were sold at an average price of $100.92, for a total value of $855,498.84.
  • On Friday, October 20th, Alexandre Dayon sold 124,331 shares of Salesforce.com stock. The shares were sold at an average price of $99.00, for a total value of $12,308,769.00.

Shares of Salesforce.com Inc (CRM) opened at $103.53 on Thursday. Salesforce.com Inc has a twelve month low of $66.43 and a twelve month high of $109.19. The firm has a market capitalization of $76,896.06, a price-to-earnings ratio of 332.69, a P/E/G ratio of 10.00 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.

Salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the firm posted $0.24 EPS. The business’s revenue was up 25.0% on a year-over-year basis. equities analysts anticipate that Salesforce.com Inc will post 0.43 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on CRM shares. Stephens reiterated an “overweight” rating and issued a $107.00 price target (up from $100.00) on shares of Salesforce.com in a report on Thursday, August 31st. Royal Bank Of Canada restated a “buy” rating on shares of Salesforce.com in a research note on Thursday, November 9th. Vetr downgraded Salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 price objective for the company. in a research note on Wednesday, October 11th. KeyCorp restated a “buy” rating and set a $108.00 price objective on shares of Salesforce.com in a research note on Wednesday, November 8th. Finally, BMO Capital Markets upped their price objective on Salesforce.com from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and forty-five have given a buy rating to the company’s stock. Salesforce.com presently has an average rating of “Buy” and a consensus price target of $112.41.

A number of hedge funds have recently added to or reduced their stakes in the stock. Synovus Financial Corp increased its stake in shares of Salesforce.com by 10.7% in the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock valued at $1,927,000 after buying an additional 2,144 shares during the period. Dai Ichi Life Insurance Company Ltd increased its stake in shares of Salesforce.com by 142.5% in the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after buying an additional 73,271 shares during the period. Rosenblum Silverman Sutton S F Inc. CA increased its stake in shares of Salesforce.com by 15.6% in the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock valued at $5,249,000 after buying an additional 8,181 shares during the period. Prudential Financial Inc. increased its stake in shares of Salesforce.com by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock valued at $78,914,000 after buying an additional 12,516 shares during the period. Finally, Summit Global Investments increased its stake in shares of Salesforce.com by 85.3% in the 2nd quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after buying an additional 10,768 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

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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)

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