Insider Selling: Veenendaal Frank Van Sells 4,333 Shares of salesforce.com inc. Stock (CRM)
salesforce.com inc. (NYSE:CRM) Chairman Veenendaal Frank Van sold 4,333 shares of salesforce.com inc. stock on the open market in a transaction dated Monday, September 23rd. The shares were sold at an average price of $52.82, for a total value of $228,869.06. Following the transaction, the chairman now directly owns 17,462 shares in the company, valued at approximately $922,343. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
CRM has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $50.00 to $55.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Maxim Group raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $55.00 to $62.00 in a research note to investors on Thursday. They now have a “positive” rating on the stock. Finally, analysts at Raymond James reiterated a “buy” rating on shares of salesforce.com inc. (NYSE:CRM) in a research note to investors on Friday, September 13th. They now have a $55.00 price target on the stock.
One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $93.69.
salesforce.com inc. (NYSE:CRM) traded down 0.78% during mid-day trading on Monday, hitting $52.35. The stock had a trading volume of 4,340,582 shares. salesforce.com inc. has a one year low of $34.76 and a one year high of $54.25. The stock has a 50-day moving average of $46.74 and a 200-day moving average of $43.10. The company’s market cap is $31.201 billion.
salesforce.com inc. (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters 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 in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. 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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