salesforce.com inc. Director Lawrence Tomlinson Sells 2,000 Shares (CRM)
salesforce.com inc. (NYSE:CRM) Director Lawrence Tomlinson sold 2,000 shares of salesforce.com inc. stock on the open market in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $53.04, for a total value of $106,080.00. Following the completion of the sale, the director now directly owns 32,800 shares of the company’s stock, valued at approximately $1,739,712. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of salesforce.com inc. (NYSE:CRM) traded up 1.60% during mid-day trading on Friday, hitting $52.83. 3,600,924 shares of the company’s stock traded hands. 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 $48. and a 200-day moving average of $43.61. The company’s market cap is $31.487 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 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. On average, analysts predict that salesforce.com inc. will post $0.34 earnings per share for the current fiscal year.
A number of research firms have recently commented on CRM. Analysts at Oppenheimer raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $55.00 to $60.00 in a research note to investors on Thursday, September 26th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $93.83.
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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