salesforce.com inc. Chairman Sells $264,313 in Stock (CRM)
salesforce.com inc. (NYSE:CRM) Chairman Veenendaal Frank Van sold 4,333 shares of salesforce.com inc. stock on the open market in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $61.00, for a total transaction of $264,313.00. Following the completion of the transaction, the chairman now directly owns 21,893 shares of the company’s stock, valued at approximately $1,335,473. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on CRM. Analysts at Deutsche Bank downgraded shares of salesforce.com inc. from a “buy” rating to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at FBR Capital Markets raised their price target on shares of salesforce.com inc. from $66.00 to $75.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, 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, January 17th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $80.01.
salesforce.com inc. (NYSE:CRM) traded up 0.31% on Wednesday, hitting $61.14. The stock had a trading volume of 3,530,678 shares. salesforce.com inc. has a 52-week low of $36.09 and a 52-week high of $61.45. The stock has a 50-day moving average of $55. and a 200-day moving average of $50.57. The company’s market cap is $36.867 billion.
salesforce.com inc. (NYSE:CRM) last announced its earnings results 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.
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.