Salesforce.com Inc Common Stock (NYSE:CRM) has been the object of insider buying and selling activity recently. Marc Benioff, Chairman reported the sale of 37,500 shares of CRM stock. The shares were sold on September 26th for a price of $71.92. The Chairman now owns $2,518,674,360 of the stock per the Form 4 SEC filing. Yesterday Director Susan Wojcicki disclosed the purchase of 1,356 shares. The shares were purchased at an average price of $73.71. Wojcicki now owns $1,042,775 of the stock according to the SEC filing.
John Victor Roos, Director disclosed the sale of 157 shares of (CRM). The shares were purchased at an average price of $78.92. Roos now owns $1,322,936 of the stock per the Form 4 SEC filing.
These firms have also modified their investment in CRM. As of quarter end Evercore Wealth Management, LLC had sold 276 shares trimming its position 1.1%. The value of the total investment in Salesforce.com Inc Common Stock increased from $1,835,000 to $1,952,000 a change of $117,000 since the last quarter. As of the end of the quarter Macquarie Group Ltd had disposed of a total of 4,486 shares trimming its stake by 32.5%. The value of the company’s investment in Salesforce.com Inc Common Stock went from $1,019,000 to $740,000 decreasing 27.4% for the reporting period.
BNP Paribas Investment Partners S.A. cut its investment by shedding 31,277 shares a decrease of 87.8%. BNP Paribas Investment Partners S.A. now controls 4,329 shares worth $344,000. The total value of its holdings decreased 87.7%. Twin Tree Management, Lp trimmed its position by selling 129,200 shares a decrease of 74.6% as of 12/31/2015. Twin Tree Management, Lp currently owns 44,100 shares with a value of $3,457,000. The value of the position overall is down by 65.3%.
On September 1 Wunderlich maintained a stock rating of “Buy” and raised the price expectation from $89.00 to $101.00. September 1 investment analysts at Morgan Stanley left the stock rating at “Buy” but lowered the price expectation to $89.00 from $110.00.
September 1 investment analysts at Citigroup left the company rating at “Buy” but lowered the price target to $89.00 from $94.00. On August 15 the company was rated “Mixed” according to a OTR Global report which was a cut from the previous “” rating.
On July 25 Morgan Stanley maintained a company rating of “Overweight” but moved up the price target from $89.00 to $110.00. On July 20 Citigroup held the stock rating at “Buy” and moved up the price target from $89.00 to $94.00.
The company is so far trading down by -0.20% since yesterday’s close of $70.19. The stock last traded at $70.05 which is marginally lower than the 50 day moving average which is $76.25 and a tad under the 200 day moving average of $77.86. The 50 day moving average moved down $-6.20 and the 200 day average was down $-7.81.
Salesforce.com Inc Common Stock currently has a P/E ratio of 216.20 and the market cap is 47.98B. As of the latest earnings report the EPS was $0.32 and is estimated to be $0.95 for the current year with 685,000,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.25 and the next full year EPS is anticipated to be $1.28.