Salesforce.com Inc (CRM) Director John Victor Roos Sells 144 Shares of Stock

Salesforce.com Inc (CRM) Director John Victor Roos Sells 144 Shares of Stock

Salesforce.com Inc (NYSE:CRM) Director John Victor Roos sold 144 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $79.00, for a total value of $11,376.00. Following the sale, the director now owns 17,780 shares of the company’s stock, valued at $1,404,620. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

Salesforce.com Inc (NYSE:CRM) traded up 0.37% during midday trading on Friday, hitting $78.24. 537,817 shares of the company were exchanged. The firm’s 50-day moving average price is $72.69 and its 200-day moving average price is $75.13. Salesforce.com Inc has a one year low of $52.60 and a one year high of $84.48. The stock has a market capitalization of $54.51 billion, a PE ratio of 265.22 and a beta of 1.46.

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

Institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP raised its position in 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 valued at $160,691,000 after buying an additional 1,948,000 shares in the last quarter. Manning & Napier Advisors LLC raised its position in 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 valued at $131,347,000 after buying an additional 1,324,985 shares in the last quarter. Capital Fund Management S.A. purchased a new position in Salesforce.com during the third quarter valued at approximately $82,896,000. American Century Companies Inc. raised its position in 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 valued at $261,858,000 after buying an additional 1,161,596 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its position in Salesforce.com by 489.5% in the second quarter. Waddell & Reed Financial Inc. now owns 1,384,048 shares of the CRM provider’s stock valued at $109,908,000 after buying an additional 1,149,275 shares in the last quarter. 85.99% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently issued reports on CRM shares. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Salesforce.com in a report on Wednesday, October 5th. BMO Capital Markets reiterated a “buy” rating and issued a $86.00 price target on shares of Salesforce.com in a report on Wednesday, October 5th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $96.00 price target on shares of Salesforce.com in a report on Wednesday, October 5th. Bank of America Corp reiterated a “buy” rating and issued a $70.52 price target (down from $100.00) on shares of Salesforce.com in a report on Wednesday, October 5th. Finally, JMP Securities reiterated a “buy” rating on shares of Salesforce.com in a report on Tuesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $92.15.

About Salesforce.com

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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