salesforce.com, inc. (NYSE:CRM) insider Parker Harris sold 5,711 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $144.11, for a total transaction of $823,012.21. Following the sale, the insider now owns 25,903 shares of the company’s stock, valued at $3,732,881.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • On Tuesday, July 31st, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $137.84, for a total transaction of $787,204.24.
  • On Tuesday, July 17th, Parker Harris sold 5,711 shares of salesforce.com stock. The stock was sold at an average price of $146.59, for a total transaction of $837,175.49.
  • On Tuesday, July 10th, Parker Harris sold 2,204 shares of salesforce.com stock. The stock was sold at an average price of $142.30, for a total transaction of $313,629.20.
  • On Tuesday, July 3rd, Parker Harris sold 2,050 shares of salesforce.com stock. The stock was sold at an average price of $140.68, for a total transaction of $288,394.00.
  • On Tuesday, June 26th, Parker Harris sold 2,050 shares of salesforce.com stock. The stock was sold at an average price of $134.92, for a total transaction of $276,586.00.
  • On Tuesday, June 19th, Parker Harris sold 2,050 shares of salesforce.com stock. The stock was sold at an average price of $138.08, for a total transaction of $283,064.00.
  • On Tuesday, June 12th, Parker Harris sold 1,808 shares of salesforce.com stock. The stock was sold at an average price of $134.96, for a total transaction of $244,007.68.
  • On Tuesday, June 5th, Parker Harris sold 1,700 shares of salesforce.com stock. The stock was sold at an average price of $133.00, for a total transaction of $226,100.00.
  • On Tuesday, May 22nd, Parker Harris sold 1,700 shares of salesforce.com stock. The stock was sold at an average price of $126.66, for a total transaction of $215,322.00.
  • On Tuesday, May 15th, Parker Harris sold 1,700 shares of salesforce.com stock. The stock was sold at an average price of $126.93, for a total transaction of $215,781.00.

CRM stock opened at $145.82 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. salesforce.com, inc. has a 1-year low of $87.26 and a 1-year high of $149.35. The firm has a market cap of $106.00 billion, a price-to-earnings ratio of 158.73, a price-to-earnings-growth ratio of 5.72 and a beta of 1.11.

salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.28. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. equities research analysts predict that salesforce.com, inc. will post 1.01 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 31st. Stifel Nicolaus boosted their target price on shares of salesforce.com from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 24th. Oppenheimer boosted their target price on shares of salesforce.com from $152.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 11th. Robert W. Baird boosted their target price on shares of salesforce.com from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 11th. Finally, JMP Securities boosted their target price on shares of salesforce.com from $140.00 to $163.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $135.23.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock valued at $6,091,032,000 after purchasing an additional 2,212,408 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock worth $1,027,545,000 after acquiring an additional 961,104 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of salesforce.com by 4.9% during the first quarter. Baillie Gifford & Co. now owns 6,046,347 shares of the CRM provider’s stock worth $703,190,000 after acquiring an additional 280,110 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of salesforce.com by 1.9% during the second quarter. Wells Fargo & Company MN now owns 5,328,925 shares of the CRM provider’s stock worth $726,866,000 after acquiring an additional 98,481 shares during the last quarter. Finally, Fred Alger Management Inc. grew its position in shares of salesforce.com by 0.6% during the second quarter. Fred Alger Management Inc. now owns 5,132,941 shares of the CRM provider’s stock worth $700,133,000 after acquiring an additional 28,321 shares during the last quarter. Hedge funds and other institutional investors own 85.53% of the company’s stock.

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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