salesforce.com inc. EVP Maria Martinez Sells 20,000 Shares (CRM)
salesforce.com inc. (NYSE:CRM) EVP Maria Martinez sold 20,000 shares of salesforce.com inc. stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $52.97, for a total value of $1,059,400.00. Following the completion of the sale, the executive vice president now directly owns 5,248 shares of the company’s stock, valued at approximately $277,987. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com inc. presently has a consensus rating of “Buy” and a consensus price target of $93.69.
Shares of salesforce.com inc. (NYSE:CRM) traded down 0.78% on Monday, hitting $52.35. 4,340,582 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 $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 announced its earnings results 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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