Salesforce.com Inc Common Stock (NYSE:CRM) has been the object of insider buying and selling activity recently. Chairman Marc Benioff let go of 37,500 shares at a price of $71.92 on Mon the 26th. Benioff now owns $2,518,674,360 of stock per an SEC filing yesterday. Today Susan Wojcicki, Director disclosed the purchase of 1,356 shares. The shares were bought on September 19th for an average price of $73.71. Wojcicki now owns $1,042,775 of the stock according to the SEC filing.
John Victor Roos, Director sold $12,390 worth of shares at an average price of $78.92 on Tue the 16th. That brings the Director’s holdings to $1,322,936 as recorded in a recent Form 4 SEC filing.
The following firms have also recently changed their position in CRM. Evercore Wealth Management, LLC trimmed its ownership by shedding 276 shares a decrease of 1.1% in the quarter. Evercore Wealth Management, LLC now controls 24,585 shares valued at $1,952,000. The total value of its holdings increased 6.4%. As of quarter end Macquarie Group Ltd had sold 4,486 shares trimming its position 32.5%. The value of the investment in CRM went from $1,019,000 to $740,000 decreasing 27.4% since the last quarter.
BNP Paribas Investment Partners S.A. reduced its position by selling 31,277 shares a decrease of 87.8% from 12/31/2015 to 06/30/2016. BNP Paribas Investment Partners S.A. currently owns 4,329 shares with a value of $344,000. The value of the position overall is down by 87.7%. Twin Tree Management, Lp downsized its holdings by selling 129,200 shares a decrease of 74.6%. Twin Tree Management, Lp claims 44,100 shares worth $3,457,000. The value of the position overall is down by 65.3%.
On September 1 Morgan Stanley held the stock rating at “Buy” and lowered the price expectation from $110.00 to $89.00. September 1 investment analysts at Citigroup maintained a company rating of “Buy” but moved down the price target to $89.00 from $94.00.
On September 1 Wunderlich maintained a stock rating of “Buy” and moved up the price target from $89.00 to $101.00. On August 15, 2016 the stock rating was changed to a “Mixed” in a report from OTR Global which is down from the previous “” rating.
July 25 investment analysts at Morgan Stanley left the stock rating at “Overweight” but raised the price expectation to $110.00 from $89.00. On July 20 Citigroup kept the stock rating at “Buy” and raised the price target to $94.00 from $89.00.
The company is trading down by -0.20% since yesterday’s close of $70.19. Company chares are trading at $70.05 which is marginally lower than the 50 day moving average which is $76.57 and just a bit lower than the 200 day moving average of $77.87. The 50 day moving average was down $-6.52 and the 200 day average went down by -10.04%.
The company currently has a P/E ratio of 216.20 and market capitalization is 47.98B. In the last earnings report the EPS was $0.32 and is expected to be $0.95 for the current year with 685,000,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.25 and the next full year EPS is projected to be $1.28.