Traders sold shares of Salesforce.com (NYSE:CRM) on strength during trading hours on Monday following insider selling activity. $85.82 million flowed into the stock on the tick-up and $152.27 million flowed out of the stock on the tick-down, for a money net flow of $66.45 million out of the stock. Of all companies tracked, Salesforce.com had the 0th highest net out-flow for the day. Salesforce.com traded up $0.40 for the day and closed at $119.41Specifically, insider Parker Harris sold 1,850 shares of Salesforce.com stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $105.01, for a total value of $194,268.50. Following the transaction, the insider now directly owns 15,502 shares of the company’s stock, valued at $1,627,865.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Marc Benioff sold 5,000 shares of Salesforce.com stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $111.36, for a total transaction of $556,800.00. The disclosure for this sale can be found here. Insiders have sold 335,124 shares of company stock worth $39,231,493 over the last ninety days. Insiders own 6.20% of the company’s stock.

A number of research analysts recently issued reports on CRM shares. Jefferies Group raised shares of Salesforce.com from a “hold” rating to a “buy” rating and decreased their price objective for the company from $97.00 to $84.00 in a research note on Thursday, February 15th. Barclays lifted their price objective on shares of Salesforce.com from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, March 21st. Citigroup lifted their price objective on shares of Salesforce.com from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. UBS set a $144.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a research note on Wednesday, March 21st. Finally, ValuEngine raised shares of Salesforce.com from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $124.85.

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The firm has a market cap of $85,960.93, a price-to-earnings ratio of 265.36, a PEG ratio of 5.06 and a beta of 1.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Salesforce.com had a net margin of 1.22% and a return on equity of 3.86%. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was up 24.3% compared to the same quarter last year. equities research analysts expect that Salesforce.com will post 0.97 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in CRM. Egerton Capital UK LLP acquired a new position in shares of Salesforce.com during the fourth quarter valued at about $294,547,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Salesforce.com by 323.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,568,872 shares of the CRM provider’s stock valued at $364,846,000 after purchasing an additional 2,725,972 shares during the period. Tybourne Capital Management HK Ltd. raised its holdings in shares of Salesforce.com by 27.8% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 4,346,500 shares of the CRM provider’s stock valued at $444,343,000 after purchasing an additional 945,000 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Salesforce.com during the fourth quarter valued at about $83,414,000. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Salesforce.com by 7.0% during the fourth quarter. TIAA CREF Investment Management LLC now owns 9,865,725 shares of the CRM provider’s stock valued at $1,008,573,000 after purchasing an additional 645,099 shares during the period. Hedge funds and other institutional investors own 86.70% of the company’s stock.

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About Salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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