salesforce.com inc. Director Unloads $87,712 in Stock (CRM)
salesforce.com inc. (NYSE:CRM) Director Craig Conway sold 1,600 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $54.82, for a total transaction of $87,712.00. Following the transaction, the director now directly owns 15,856 shares of the company’s stock, valued at approximately $869,226. 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 down 0.60% on Thursday, hitting $54.86. The stock had a trading volume of 2,739,170 shares. salesforce.com inc. has a 1-year low of $36.09 and a 1-year high of $58.37. The stock has a 50-day moving average of $53.67 and a 200-day moving average of $48.60. The company’s market cap is $33.081 billion.
salesforce.com inc. (NYSE:CRM) last announced its earnings results on Monday, November 18th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 36.5% 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.
CRM has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of salesforce.com inc. in a research note to investors on Monday, December 23rd. They set an “underperform” rating and a $54.24 price target on the stock. Separately, analysts at UBS AG initiated coverage on shares of salesforce.com inc. in a research note to investors on Monday, December 23rd. They set an “underperform” rating and a $54.24 price target on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of salesforce.com inc. in a research note to investors on Monday, December 23rd. They set an “outperform” rating and a $62.00 price target on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $78.84.
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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