salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 5,710 shares of salesforce.com stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $120.62, for a total value of $688,740.20. Following the completion of the sale, the insider now directly owns 27,937 shares of the company’s stock, valued at approximately $3,369,760.94. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Tuesday, November 13th, Parker Harris sold 5,710 shares of salesforce.com stock. The stock was sold at an average price of $131.92, for a total value of $753,263.20.
  • On Tuesday, November 6th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $134.97, for a total value of $770,813.67.
  • On Tuesday, October 30th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $130.92, for a total value of $747,684.12.
  • On Tuesday, October 23rd, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $140.14, for a total value of $800,339.54.
  • On Tuesday, October 9th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $148.72, for a total value of $849,339.92.
  • On Tuesday, September 25th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $158.48, for a total value of $905,079.28.
  • On Tuesday, September 11th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $152.69, for a total value of $872,012.59.
  • On Tuesday, September 4th, Parker Harris sold 5,711 shares of salesforce.com stock. The shares were sold at an average price of $152.54, for a total value of $871,155.94.

Shares of NYSE CRM traded down $0.34 during midday trading on Tuesday, hitting $120.67. 13,787,328 shares of the company’s stock were exchanged, compared to its average volume of 5,560,198. salesforce.com, inc. has a 12-month low of $98.68 and a 12-month high of $161.19. 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 firm has a market capitalization of $100.30 billion, a price-to-earnings ratio of 268.16, a PEG ratio of 4.36 and a beta of 1.38.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The company had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the firm earned $0.33 earnings per share. salesforce.com’s revenue was up 27.3% on a year-over-year basis. On average, analysts predict that salesforce.com, inc. will post 1.22 earnings per share for the current year.

CRM has been the subject of a number of recent analyst reports. Bank of America lifted their target price on salesforce.com from $161.00 to $181.00 and gave the company a “buy” rating in a report on Tuesday, August 21st. Jefferies Financial Group lifted their target price on salesforce.com from $172.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, September 27th. Piper Jaffray Companies lifted their target price on salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, September 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $178.00 target price on shares of salesforce.com in a report on Tuesday, October 2nd. Finally, BMO Capital Markets lifted their target price on salesforce.com from $165.00 to $174.00 and gave the company a “market perform” rating in a report on Monday, October 15th. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $166.41.

A number of large investors have recently added to or reduced their stakes in the stock. Morgan Stanley lifted its position in salesforce.com by 2.0% in the 3rd quarter. Morgan Stanley now owns 14,792,319 shares of the CRM provider’s stock worth $2,352,421,000 after buying an additional 296,317 shares during the last quarter. Legal & General Group Plc lifted its position in salesforce.com by 2.7% in the 3rd quarter. Legal & General Group Plc now owns 2,991,936 shares of the CRM provider’s stock worth $475,827,000 after buying an additional 78,303 shares during the last quarter. Buckingham Capital Management Inc. lifted its position in salesforce.com by 8.3% in the 3rd quarter. Buckingham Capital Management Inc. now owns 30,080 shares of the CRM provider’s stock worth $4,784,000 after buying an additional 2,312 shares during the last quarter. Kepos Capital LP bought a new stake in salesforce.com in the 3rd quarter worth approximately $2,865,000. Finally, Rehmann Capital Advisory Group lifted its position in salesforce.com by 16,590.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 374,356 shares of the CRM provider’s stock worth $2,354,000 after buying an additional 372,113 shares during the last quarter. Institutional investors own 83.59% 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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