Salesforce.com Inc. (NYSE:CRM) insider Joe Allanson sold 577 shares of the stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $73.73, for a total transaction of $42,542.21. Following the completion of the transaction, the insider now owns 29,353 shares in the company, valued at $2,164,196.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joe Allanson also recently made the following trade(s):

  • On Wednesday, November 23rd, Joe Allanson sold 657 shares of Salesforce.com stock. The stock was sold at an average price of $74.12, for a total transaction of $48,696.84.

Salesforce.com Inc. (NYSE:CRM) opened at 72.93 on Wednesday. The firm has a 50-day moving average of $74.32 and a 200-day moving average of $77.55. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The firm has a market cap of $50.81 billion, a PE ratio of 247.22 and a beta of 1.55.

Salesforce.com (NYSE:CRM) last released its earnings results on Thursday, November 17th. The CRM provider reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The company earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company earned $0.21 earnings per share. Salesforce.com’s quarterly revenue was up 25.3% compared to the same quarter last year. Equities analysts anticipate that Salesforce.com Inc. will post $0.98 EPS for the current year.

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

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CRM has been the subject of a number of analyst reports. JMP Securities reissued a “buy” rating on shares of Salesforce.com in a research note on Tuesday, October 4th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Wednesday, October 12th. Vetr cut shares of Salesforce.com from a “sell” rating to a “strong sell” rating and set a $70.42 price objective for the company. in a research note on Thursday, August 25th. Barclays PLC reissued an “overweight” rating and issued a $89.00 price objective on shares of Salesforce.com in a research note on Sunday, October 2nd. Finally, Jefferies Group reissued a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research note on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $92.05.

A number of large investors have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. increased its stake in Salesforce.com by 1.3% in the second quarter. Cullen Frost Bankers Inc. now owns 206,019 shares of the CRM provider’s stock worth $16,360,000 after buying an additional 2,648 shares during the period. Bank of Montreal Can purchased a new position in Salesforce.com during the second quarter valued at about $31,592,000. Mizuho Trust & Banking Co. Ltd. increased its position in Salesforce.com by 1.0% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,009,351 shares of the CRM provider’s stock valued at $80,153,000 after buying an additional 10,367 shares during the period. Adage Capital Partners GP L.L.C. increased its position in Salesforce.com by 17.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,096,940 shares of the CRM provider’s stock valued at $87,108,000 after buying an additional 165,000 shares during the period. Finally, Columbus Circle Investors purchased a new position in Salesforce.com during the second quarter valued at about $58,994,000. 85.24% of the stock is owned by institutional investors.

Salesforce.com Company Profile

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

5 Day Chart for NYSE:CRM

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