salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki acquired 6,000 shares of the firm’s stock in a transaction dated Wednesday, October 10th. The shares were purchased at an average price of $146.70 per share, with a total value of $880,200.00. Following the completion of the transaction, the director now owns 96,120 shares of the company’s stock, valued at $14,100,804. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

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

  • On Monday, September 17th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The shares were purchased at an average price of $157.57 per share, with a total value of $945,420.00.
  • On Tuesday, August 14th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The shares were purchased at an average price of $146.38 per share, with a total value of $878,280.00.
  • On Wednesday, July 25th, Susan Wojcicki acquired 6,000 shares of salesforce.com stock. The shares were purchased at an average price of $146.22 per share, with a total value of $877,320.00.

salesforce.com stock opened at $146.74 on Friday. salesforce.com, inc. has a 1-year low of $95.93 and a 1-year high of $161.19. The firm has a market capitalization of $120.34 billion, a price-to-earnings ratio of 326.09, a price-to-earnings-growth ratio of 5.23 and a beta of 1.27. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.80 and a current ratio of 0.80.

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

Several institutional investors have recently added to or reduced their stakes in CRM. FMR LLC lifted its position in shares of salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock valued at $12,224,319,000 after purchasing an additional 3,066,099 shares in the last quarter. BlackRock Inc. lifted its position in shares of 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 in the last quarter. Summit Trail Advisors LLC lifted its position in shares of salesforce.com by 13,535.6% during the first quarter. Summit Trail Advisors LLC now owns 1,814,629 shares of the CRM provider’s stock valued at $1,815,000 after purchasing an additional 1,801,321 shares in the last quarter. OppenheimerFunds Inc. lifted its position in shares of salesforce.com by 13,746.1% during the second quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock valued at $141,154,000 after purchasing an additional 1,027,382 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted 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 valued at $1,027,545,000 after purchasing an additional 961,104 shares in the last quarter. 82.75% of the stock is currently owned by hedge funds and other institutional investors.

CRM has been the topic of several research analyst reports. Bank of America increased their target price on shares of salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Argus increased their target price on shares of salesforce.com from $141.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, August 31st. Morgan Stanley increased their target price on shares of salesforce.com from $153.00 to $178.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 14th. Jefferies Financial Group increased their target price on shares of salesforce.com from $172.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, September 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $178.00 target price on shares of salesforce.com in a research note on Tuesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $164.62.

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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