salesforce.com inc. Director Unloads $100,720 in Stock (CRM)
salesforce.com inc. (NYSE:CRM) Director Lawrence Tomlinson sold 2,000 shares of the stock on the open market in a transaction dated Thursday, October 10th. The stock was sold at an average price of $50.36, for a total value of $100,720.00. Following the completion of the transaction, the director now directly owns 28,800 shares of the company’s stock, valued at approximately $1,450,368. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $94.42.
Shares of salesforce.com inc. (NYSE:CRM) traded up 3.27% during mid-day trading on Thursday, hitting $51.54. The stock had a trading volume of 4,790,732 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 $49.48 and a 200-day moving average of $43.77. The company’s market cap is $30.718 billion. salesforce.com inc. also was the target of some unusual options trading activity on Wednesday. Stock traders bought 18,160 put options on the stock. This is an increase of 266% compared to the average volume of 4,960 put options.
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 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.