salesforce.com inc. Hits New 52-Week High at $59.83 (CRM)
Shares of salesforce.com inc. (NYSE:CRM) hit a new 52-week high during trading hours on Wednesday, American Banking News.com reports. The company traded as high as $59.83 and last traded at $59.66, with a volume of 6,134,703 shares trading hands. The stock had previously closed at $57.51.
A number of analysts have recently weighed in on CRM shares. 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 issued a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the stock. salesforce.com inc. has an average rating of “Buy” and a consensus target price of $78.84.
In other salesforce.com inc. news, Director Craig Conway sold 1,600 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 legal filing with the SEC, which can be accessed through this link.
salesforce.com inc. has a 52 week low of $36.09 and a 52 week high of $58.37. The stock has a 50-day moving average of $53. and a 200-day moving average of $49.86. The company’s market cap is $36.017 billion.
salesforce.com inc. (NYSE:CRM) last released its earnings data on Monday, November 18th. The company reported $0.09 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 36.5% 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.
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