Maria Martinez Sells 3,335 Shares of Salesforce.com Inc. (CRM) Stock
Salesforce.com Inc. (NYSE:CRM) insider Maria Martinez sold 3,335 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $73.03, for a total transaction of $243,555.05. Following the completion of the transaction, the insider now owns 32,168 shares in the company, valued at $2,349,229.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Maria Martinez also recently made the following trade(s):
- On Tuesday, November 29th, Maria Martinez sold 1,279 shares of Salesforce.com stock. The stock was sold at an average price of $72.76, for a total transaction of $93,060.04.
Salesforce.com Inc. (NYSE:CRM) opened at 72.00 on Thursday. The stock’s 50 day moving average is $74.25 and its 200-day moving average is $77.52. Salesforce.com Inc. has a 52-week low of $52.60 and a 52-week high of $84.48. The firm has a market capitalization of $50.16 billion, a PE ratio of 244.07 and a beta of 1.55.
Salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.12 billion. Salesforce.com had a return on equity of 2.40% and a net margin of 2.60%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Equities analysts expect that Salesforce.com Inc. will post $0.98 earnings per share for the current year.
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CRM has been the topic of a number of recent analyst reports. JMP Securities reissued a “buy” rating on shares of Salesforce.com in a research report 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 report on Wednesday, October 12th. Vetr downgraded shares of Salesforce.com from a “sell” rating to a “strong sell” rating and set a $70.42 price objective on the stock. in a research report 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 report 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 report on Thursday, September 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.05.
Several institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP increased its position in shares of Salesforce.com by 639.2% in the third quarter. Two Sigma Advisers LP now owns 2,252,776 shares of the CRM provider’s stock worth $160,691,000 after buying an additional 1,948,000 shares in the last quarter. Manning & Napier Advisors LLC increased its position in shares of Salesforce.com by 256.6% in the third quarter. Manning & Napier Advisors LLC now owns 1,841,411 shares of the CRM provider’s stock worth $131,347,000 after buying an additional 1,324,985 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Salesforce.com by 3.1% in the second quarter. Vanguard Group Inc. now owns 39,426,135 shares of the CRM provider’s stock worth $3,130,829,000 after buying an additional 1,181,756 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of Salesforce.com during the third quarter worth $82,896,000. Finally, American Century Companies Inc. increased its position in shares of Salesforce.com by 54.4% in the second quarter. American Century Companies Inc. now owns 3,297,549 shares of the CRM provider’s stock worth $261,858,000 after buying an additional 1,161,596 shares in the last quarter. Institutional investors own 85.24% of the company’s stock.
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.
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