salesforce.com, inc. (NYSE:CRM) shares traded down 8.7% during trading on Monday following insider selling activity. The stock traded as low as $120.42 and last traded at $121.01. 14,201,585 shares changed hands during mid-day trading, an increase of 157% from the average session volume of 5,523,101 shares. The stock had previously closed at $132.55.

Specifically, insider Joe Allanson sold 104,277 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $158.33, for a total transaction of $16,510,177.41. Following the completion of the transaction, the insider now directly owns 134,587 shares of the company’s stock, valued at approximately $21,309,159.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amy E. Weaver sold 5,325 shares of the stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $160.11, for a total transaction of $852,585.75. Following the transaction, the insider now directly owns 26,798 shares of the company’s stock, valued at $4,290,627.78. The disclosure for this sale can be found here. Insiders have sold a total of 497,635 shares of company stock valued at $74,434,935 over the last three months. Insiders own 6.00% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Piper Jaffray Companies increased their target price on shares of salesforce.com from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, August 15th. Bank of America increased their target price on shares of salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a research report on Tuesday, August 21st. UBS Group increased their target price on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a research report on Wednesday, August 15th. Argus increased their target price on shares of salesforce.com from $141.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 31st. Finally, Societe Generale set a $170.00 target price on shares of salesforce.com and gave the company a “buy” rating in a research report on Tuesday, August 14th. Seven research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. salesforce.com has a consensus rating of “Buy” and a consensus price target of $166.41.

The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $100.30 billion, a PE ratio of 268.91, a P/E/G ratio of 4.36 and a beta of 1.38.

salesforce.com (NYSE:CRM) last posted its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. salesforce.com had a net margin of 6.45% and a return on equity of 8.27%. The business had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. Analysts expect that salesforce.com, inc. will post 1.22 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lyell Wealth Management LP raised its position in shares of salesforce.com by 0.9% during the 2nd quarter. Lyell Wealth Management LP now owns 37,483 shares of the CRM provider’s stock valued at $5,113,000 after buying an additional 348 shares in the last quarter. Newport Wealth Strategies Inc. raised its position in shares of salesforce.com by 17.7% during the 2nd quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock valued at $320,000 after buying an additional 353 shares in the last quarter. Zeke Capital Advisors LLC raised its position in shares of salesforce.com by 2.2% during the 2nd quarter. Zeke Capital Advisors LLC now owns 16,324 shares of the CRM provider’s stock valued at $2,227,000 after buying an additional 356 shares in the last quarter. Arthur M. Cohen & Associates LLC raised its position in shares of salesforce.com by 4.5% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock valued at $1,366,000 after buying an additional 370 shares in the last quarter. Finally, Aspiriant LLC raised its position in shares of salesforce.com by 11.8% during the 3rd quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock valued at $587,000 after buying an additional 389 shares in the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.

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salesforce.com Company Profile (NYSE:CRM)

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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