salesforce.com, inc. (NYSE:CRM) Director Sells $17,661.90 in Stock

salesforce.com, inc. (NYSE:CRM) Director John Victor Roos sold 113 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $156.30, for a total transaction of $17,661.90. Following the completion of the sale, the director now directly owns 10,906 shares of the company’s stock, valued at $1,704,607.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

John Victor Roos also recently made the following trade(s):

  • On Thursday, June 13th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $152.00, for a total transaction of $17,176.00.
  • On Thursday, June 6th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $158.50, for a total transaction of $17,910.50.
  • On Thursday, May 30th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $154.32, for a total transaction of $17,438.16.
  • On Thursday, May 23rd, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $155.91, for a total transaction of $17,617.83.
  • On Thursday, May 9th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $154.82, for a total transaction of $17,494.66.
  • On Thursday, May 2nd, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $161.69, for a total transaction of $18,270.97.
  • On Thursday, April 25th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $162.10, for a total transaction of $18,317.30.
  • On Thursday, April 18th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $154.85, for a total transaction of $17,498.05.
  • On Thursday, April 11th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $160.24, for a total transaction of $18,107.12.
  • On Thursday, April 4th, John Victor Roos sold 113 shares of salesforce.com stock. The shares were sold at an average price of $162.67, for a total transaction of $18,381.71.

Shares of CRM opened at $156.84 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The stock has a market cap of $121.71 billion, a price-to-earnings ratio of 108.17, a P/E/G ratio of 5.81 and a beta of 1.38.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.32. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the prior year, the business posted $0.74 earnings per share. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. Equities analysts anticipate that salesforce.com, inc. will post 1.25 EPS for the current year.

CRM has been the topic of a number of recent research reports. OTR Global lowered shares of salesforce.com to a “positive” rating in a research note on Wednesday, May 15th. Bank of America restated a “buy” rating and issued a $200.00 price objective (up from $181.00) on shares of salesforce.com in a research note on Wednesday, February 27th. Barclays lifted their price objective on shares of salesforce.com to $180.00 and gave the company an “overweight” rating in a research note on Tuesday, March 5th. 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 research note on Tuesday, March 5th. Finally, Zacks Investment Research lowered shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Four analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the stock. salesforce.com has an average rating of “Buy” and a consensus target price of $179.97.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc increased its position 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 valued at $8,662,570,000 after purchasing an additional 2,398,648 shares during the last quarter. Buckingham Capital Management Inc. increased its position in shares of salesforce.com by 8.1% during the 4th quarter. Buckingham Capital Management Inc. now owns 32,519 shares of the CRM provider’s stock valued at $4,454,000 after purchasing an additional 2,439 shares during the last quarter. Comerica Securities Inc. increased its position in shares of salesforce.com by 10.6% during the 4th quarter. Comerica Securities Inc. now owns 1,704 shares of the CRM provider’s stock valued at $233,000 after purchasing an additional 163 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of salesforce.com by 115.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 158,550 shares of the CRM provider’s stock valued at $21,717,000 after purchasing an additional 84,845 shares during the last quarter. Finally, HL Financial Services LLC increased its position in shares of salesforce.com by 11.2% during the 4th quarter. HL Financial Services LLC now owns 7,808 shares of the CRM provider’s stock valued at $1,069,000 after purchasing an additional 785 shares during the last quarter. Institutional investors own 81.53% 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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