Insider Selling: salesforce.com inc. Director Sells 1,600 Shares of Stock (CRM)
salesforce.com inc. (NYSE:CRM) Director Lawrence Tomlinson sold 1,600 shares of salesforce.com inc. stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $55.13, for a total value of $88,208.00. Following the sale, the director now directly owns 24,000 shares of the company’s stock, valued at approximately $1,323,120. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CRM shares. Analysts at Credit Suisse initiated coverage on shares of salesforce.com inc. in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Janney Montgomery Scott initiated coverage on shares of salesforce.com inc. in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of salesforce.com inc. in a research note to investors on Tuesday. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and two have given a strong buy rating to the stock. salesforce.com inc. presently has an average rating of “Buy” and an average target price of $94.75.
Shares of salesforce.com inc. (NYSE:CRM) traded down 1.49% during mid-day trading on Tuesday, hitting $54.28. The stock had a trading volume of 5,078,489 shares. salesforce.com inc. has a 52-week low of $34.76 and a 52-week high of $50.60. The stock has a 50-day moving average of $45.63 and a 200-day moving average of $42.81. The company’s market cap is $32.351 billion.
salesforce.com inc. (NYSE:CRM) last released its earnings data on Thursday, August 29th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. On average, analysts predict that salesforce.com inc. will post $0.34 earnings per share 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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