Insider Buying: salesforce.com, inc. (NYSE:CRM) Director Acquires $165,462.00 in Stock

salesforce.com, inc. (NYSE:CRM) Director Susan Wojcicki acquired 1,100 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were purchased at an average price of $150.42 per share, for a total transaction of $165,462.00. Following the transaction, the director now directly owns 103,283 shares of the company’s stock, valued at $15,535,828.86. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Wednesday, February 12th, Susan Wojcicki acquired 1,100 shares of salesforce.com stock. The shares were purchased at an average price of $189.36 per share, for a total transaction of $208,296.00.
  • On Tuesday, January 7th, Susan Wojcicki acquired 1,100 shares of salesforce.com stock. The shares were purchased at an average price of $175.26 per share, for a total transaction of $192,786.00.

CRM opened at $154.73 on Friday. salesforce.com, inc. has a 52-week low of $115.29 and a 52-week high of $195.72. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 0.08. The company has a market cap of $137.51 billion, a P/E ratio of 773.69, a price-to-earnings-growth ratio of 6.53 and a beta of 1.07. The firm’s 50-day moving average price is $168.92 and its 200-day moving average price is $163.34.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. salesforce.com had a net margin of 0.74% and a return on equity of 3.61%. The firm had revenue of $4.85 billion for the quarter, compared to the consensus estimate of $4.75 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, research analysts anticipate that salesforce.com, inc. will post 1.28 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of CRM. Sound Income Strategies LLC increased its holdings in shares of salesforce.com by 93.8% during the fourth quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 75 shares in the last quarter. OLD Second National Bank of Aurora increased its holdings in shares of salesforce.com by 115.6% during the fourth quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock valued at $27,000 after acquiring an additional 89 shares in the last quarter. NWK Group Inc. acquired a new position in shares of salesforce.com during the fourth quarter valued at about $28,000. Engrave Wealth Partners LLC acquired a new position in shares of salesforce.com during the fourth quarter valued at about $32,000. Finally, Asset Dedication LLC increased its holdings in shares of salesforce.com by 270.5% during the fourth quarter. Asset Dedication LLC now owns 226 shares of the CRM provider’s stock valued at $37,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 82.25% of the company’s stock.

A number of research firms have recently commented on CRM. Edward Jones began coverage on shares of salesforce.com in a report on Friday, February 28th. They issued a “buy” rating on the stock. Cfra upgraded shares of salesforce.com from a “buy” rating to a “strong-buy” rating and upped their price target for the stock from $195.00 to $222.00 in a report on Friday, February 28th. Morgan Stanley cut their price target on shares of salesforce.com from $225.00 to $195.00 and set an “overweight” rating on the stock in a report on Wednesday. Oppenheimer cut their price target on shares of salesforce.com from $205.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. restated a “buy” rating and issued a $200.00 price target on shares of salesforce.com in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, forty have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $199.82.

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

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