Insider Selling: salesforce.com inc. Director Sells 2,000 Shares of Stock (CRM)
salesforce.com inc. (NYSE:CRM) Director Lawrence Tomlinson unloaded 2,000 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $52.25, for a total value of $104,500.00. Following the sale, the director now directly owns 30,800 shares of the company’s stock, valued at approximately $1,609,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
salesforce.com inc. (NYSE:CRM) traded down 3.87% on Tuesday, hitting $50.14. The stock had a trading volume of 5,746,548 shares. salesforce.com inc. has a 52-week low of $34.76 and a 52-week high of $54.25. The stock’s 50-day moving average is $49.1 and its 200-day moving average is $43.68. The company’s market cap is $29.883 billion.
salesforce.com inc. (NYSE:CRM) last released its 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.
A number of research firms have recently commented on CRM. Analysts at JMP Securities raised their price target on shares of salesforce.com inc. from $52.00 to $62.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at Robert W. Baird reiterated a “buy” rating on shares of salesforce.com inc. in a research note to investors on Tuesday. They now have a $55.00 price target on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of salesforce.com inc. from $54.00 to $66.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. salesforce.com inc. has a consensus rating of “Buy” and a consensus price target of $94.42.
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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