salesforce.com inc. CFO Graham Smith Unloads 33,000 Shares (CRM)
salesforce.com inc. (NYSE:CRM) CFO Graham Smith sold 33,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $60.23, for a total value of $1,987,590.00. Following the sale, the chief financial officer now directly owns 88,705 shares in the company, valued at approximately $5,342,702. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of salesforce.com inc. (NYSE:CRM) traded up 1.82% on Tuesday, hitting $60.95. The stock had a trading volume of 6,148,566 shares. salesforce.com inc. has a 52 week low of $36.09 and a 52 week high of $61.07. The stock has a 50-day moving average of $54.76 and a 200-day moving average of $50.49. The company’s market cap is $36.753 billion.
salesforce.com inc. (NYSE:CRM) last issued its quarterly earnings data on Monday, November 18th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.33 earnings per share. salesforce.com inc.’s revenue was up 36.5% compared to the same quarter last year. On average, analysts predict that salesforce.com inc. will post $0.34 earnings per share for the current fiscal year.
A number of research firms have recently commented on CRM. Analysts at Canaccord Genuity raised their price target on shares of salesforce.com inc. from $65.00 to $70.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the stock. salesforce.com inc. presently has a consensus rating of “Buy” and an average price target of $79.30.
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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