salesforce.com, inc. (CRM) Insider Mark J. Hawkins Sells 15,271 Shares

salesforce.com, inc. (NYSE:CRM) insider Mark J. Hawkins sold 15,271 shares of salesforce.com stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $157.31, for a total transaction of $2,402,281.01. Following the transaction, the insider now directly owns 24,375 shares of the company’s stock, valued at $3,834,431.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NYSE:CRM traded down $4.38 during trading hours on Thursday, hitting $153.26. The company’s stock had a trading volume of 2,667,311 shares, compared to its average volume of 4,538,486. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $120.07 billion, a P/E ratio of 105.70, a P/E/G ratio of 5.75 and a beta of 1.37.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the business posted $0.35 EPS. On average, research analysts predict that salesforce.com, inc. will post 1.18 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of CRM. Flinton Capital Management LLC raised its position in shares of salesforce.com by 17.5% in the fourth quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock valued at $10,006,000 after buying an additional 10,864 shares during the last quarter. Piedmont Investment Advisors Inc. grew its stake in shares of salesforce.com by 5.7% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after purchasing an additional 5,063 shares during the period. Heritage Investors Management Corp grew its stake in shares of salesforce.com by 10.0% during the first quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock worth $5,452,000 after purchasing an additional 3,143 shares during the period. Putnam FL Investment Management Co. grew its stake in shares of salesforce.com by 0.5% during the fourth quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock worth $2,930,000 after purchasing an additional 97 shares during the period. Finally, Redpoint Investment Management Pty Ltd grew its stake in shares of salesforce.com by 10.7% during the fourth quarter. Redpoint Investment Management Pty Ltd now owns 55,648 shares of the CRM provider’s stock worth $7,622,000 after purchasing an additional 5,398 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

A number of equities analysts recently commented on the stock. Bank of America reaffirmed a “buy” rating and set a $200.00 price target on shares of salesforce.com in a research note on Monday. OTR Global cut shares of salesforce.com to a “positive” rating in a research note on Wednesday, May 15th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $180.00 price target on shares of salesforce.com in a research note on Wednesday, April 17th. Exane BNP Paribas assumed coverage on shares of salesforce.com in a research note on Friday, March 29th. They set an “outperform” rating for the company. Finally, BNP Paribas assumed coverage on shares of salesforce.com in a research note on Friday, March 29th. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $177.82.

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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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