salesforce.com inc. Director Craig Ramsey Sells 15,000 Shares (CRM)
salesforce.com inc. (NYSE:CRM) Director Craig Ramsey unloaded 15,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $52.21, for a total value of $783,150.00. Following the completion of the sale, the director now directly owns 1,381,384 shares of the company’s stock, valued at approximately $72,122,059. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on CRM shares. 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, September 19th. 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, September 19th. 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 assigned a buy rating and one has assigned a strong buy rating to the stock. salesforce.com inc. currently has a consensus rating of “Buy” and an average target price of $93.69.
salesforce.com inc. (NYSE:CRM) traded down 0.40% during mid-day trading on Tuesday, hitting $52.14. The stock had a trading volume of 2,980,025 shares. salesforce.com inc. has a 52 week low of $34.76 and a 52 week high of $54.25. The stock has a 50-day moving average of $47.12 and a 200-day moving average of $43.14. The company’s market cap is $31.075 billion.
salesforce.com inc. (NYSE:CRM) last released its 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 prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.