Salesforce.com (NYSE: CRM) Executives are Making Moves with Their Shares

By Carrie Williams

Today, a Director at Salesforce.com (NYSE: CRM), Sanford Robertson, sold shares of CRM for $4.02M.

Following Sanford Robertson’s last CRM Sell transaction on May 08, 2013, the stock climbed by 94.1%. This is Robertson’s first transaction since reporting a Sell transaction on DLB back in August 2014

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Based on Salesforce.com’s latest earnings report for the quarter ending April 30, the company posted quarterly revenue of $3.01 billion and quarterly net profit of $344 million. In comparison, last year the company earned revenue of $2.39 billion and had a GAAP net loss of $9.21 million. Currently, Salesforce.com has an average volume of 5.81M. The Company has a Price to Book ratio of 9.0576.

Based on 27 analyst ratings, the analyst consensus is Strong Buy with an average price target of $147.74, reflecting a -7.6% downside. 11 different firms, including Arete Research and B.Riley FBR, currently also have a Sell rating on the stock. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy CRM with a $150 price target.

The insider sentiment on Salesforce.com has been negative according to 421 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Sanford Robertson’s trades have generated a -24.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.