salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki acquired 6,000 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was bought at an average cost of $157.57 per share, for a total transaction of $945,420.00. Following the purchase, the director now directly owns 90,320 shares of the company’s stock, valued at $14,231,722.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Susan Wojcicki also recently made the following trade(s):

  • On Tuesday, August 14th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The stock was bought at an average cost of $146.38 per share, for a total transaction of $878,280.00.
  • On Wednesday, July 25th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The stock was bought at an average cost of $146.22 per share, for a total transaction of $877,320.00.
  • On Tuesday, June 19th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The stock was bought at an average cost of $138.11 per share, for a total transaction of $828,660.00.

NYSE CRM opened at $154.92 on Tuesday. The company has a market cap of $117.57 billion, a price-to-earnings ratio of 344.27, a PEG ratio of 5.11 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.80 and a quick ratio of 0.80. salesforce.com, inc. has a 1-year low of $92.11 and a 1-year high of $158.79.

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

Several research firms have recently commented on CRM. Canaccord Genuity reaffirmed a “buy” rating on shares of salesforce.com in a research note on Thursday, June 28th. BMO Capital Markets raised their price objective on salesforce.com from $147.00 to $152.00 and gave the stock a “market perform” rating in a research note on Thursday, June 28th. JMP Securities raised their price objective on salesforce.com from $140.00 to $163.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 10th. KeyCorp raised their price objective on salesforce.com from $147.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. Finally, Pivotal Research lifted their target price on salesforce.com from $120.00 to $140.00 and gave the company a “hold” rating in a research note on Tuesday, September 4th. Five equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $159.97.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TLP Group LLC boosted its holdings in shares of salesforce.com by 353.9% in the 1st quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock worth $128,000 after purchasing an additional 860 shares during the period. Private Capital Group LLC boosted its holdings in shares of salesforce.com by 91.9% in the 1st quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock worth $132,000 after purchasing an additional 543 shares during the period. Resources Investment Advisors Inc. boosted its holdings in shares of salesforce.com by 328.2% in the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares during the period. CWM LLC boosted its holdings in shares of salesforce.com by 95.8% in the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after purchasing an additional 645 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new position in shares of salesforce.com in the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 82.74% of the company’s stock.

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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