salesforce.com, inc. (NYSE:CRM) insider Mark J. Hawkins sold 846 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $163.84, for a total transaction of $138,608.64. Following the completion of the sale, the insider now owns 20,348 shares of the company’s stock, valued at $3,333,816.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of CRM traded up $2.41 on Thursday, hitting $165.92. 110,701 shares of the stock traded hands, compared to its average volume of 6,469,870. The company has a market capitalization of $126.39 billion, a P/E ratio of 114.45, a price-to-earnings-growth ratio of 5.46 and a beta of 1.40. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.20. salesforce.com, inc. has a one year low of $111.34 and a one year high of $166.15.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.14. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter last year, the firm earned $0.35 earnings per share. On average, sell-side analysts expect that salesforce.com, inc. will post 1.31 EPS for the current year.

Several brokerages have commented on CRM. Nomura restated a “buy” rating on shares of salesforce.com in a report on Wednesday, December 5th. Zacks Investment Research upgraded shares of salesforce.com from a “hold” rating to a “buy” rating and set a $156.00 price objective for the company in a report on Friday, November 30th. Atlantic Securities began coverage on shares of salesforce.com in a report on Wednesday, January 9th. They issued an “overweight” rating and a $179.00 price objective for the company. Credit Suisse Group restated a “buy” rating and issued a $175.00 price objective on shares of salesforce.com in a report on Wednesday, November 28th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $185.00 price objective (up from $175.00) on shares of salesforce.com in a report on Tuesday, March 5th. Three investment analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $177.82.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in salesforce.com by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after purchasing an additional 2,398,648 shares during the period. Vanguard Group Inc boosted its stake in shares of salesforce.com by 4.6% during the 3rd quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after acquiring an additional 2,398,648 shares during the last quarter. BlackRock Inc. boosted its stake in shares of salesforce.com by 9.2% during the 4th quarter. BlackRock Inc. now owns 51,270,156 shares of the CRM provider’s stock worth $7,022,474,000 after acquiring an additional 4,321,630 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of salesforce.com by 29,364.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 21,716,594 shares of the CRM provider’s stock worth $159,000 after acquiring an additional 21,642,889 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of salesforce.com by 18.3% during the 4th quarter. Jennison Associates LLC now owns 19,671,694 shares of the CRM provider’s stock worth $2,694,432,000 after acquiring an additional 3,041,293 shares during the last quarter. 82.07% of the stock is owned by institutional investors and hedge funds.

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salesforce.com Company Profile

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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Insider Buying and Selling by Quarter for salesforce.com (NYSE:CRM)

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