Insider Selling: salesforce.com inc. Chairman Sells 87,000 Shares of Stock (CRM)
salesforce.com inc. (NYSE:CRM) Chairman Veenendaal Frank Van sold 87,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $49.96, for a total value of $4,346,520.00. Following the transaction, the chairman now directly owns 17,462 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CRM shares. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com inc. (NYSE:CRM) in a research note to investors on Friday. They now have a $51.00 price target on the stock. Separately, analysts at Roth Capital raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $52.00 to $54.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $52.50 to $55.00 in a research note to investors on Friday, August 30th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. salesforce.com inc. currently has an average rating of “Buy” and a consensus target price of $105.26.
salesforce.com inc. (NYSE:CRM) traded up 1.67% on Tuesday, hitting $50.02. 5,139,461 shares of the company’s stock traded hands. salesforce.com inc. has a 1-year low of $34.76 and a 1-year high of $50.15. The stock’s 50-day moving average is $44.78 and its 200-day moving average is $42.59. The company’s market cap is $29.812 billion.
salesforce.com inc. (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.02. The company had revenue of $957.00 million for the quarter, compared to the consensus estimate of $938.40 million. During the same quarter last year, the company posted $0.42 earnings per share. salesforce.com inc.’s revenue was up 30.7% compared to the same quarter last year. Analysts expect that salesforce.com inc. will post $0.34 EPS for the current fiscal year.
Salesforce.com, inc., is a provider of enterprise cloud computing and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.
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