Insider Selling: Daniel Blair Crump Unloads 12,122 Shares of salesforce.com inc. Stock (CRM)
salesforce.com inc. (NYSE:CRM) Insider Daniel Blair Crump sold 12,122 shares of salesforce.com inc. stock on the open market in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $57.49, for a total value of $696,893.78. Following the completion of the transaction, the insider now directly owns 17,472 shares of the company’s stock, valued at approximately $1,004,465. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
salesforce.com inc. (NYSE:CRM) traded up 4.01% during mid-day trading on Tuesday, hitting $59.37. The stock had a trading volume of 5,580,343 shares. salesforce.com inc. has a one year low of $36.09 and a one year high of $61.45. The stock has a 50-day moving average of $55.71 and a 200-day moving average of $51.18. The company’s market cap is $35.800 billion.
salesforce.com inc. (NYSE:CRM) last posted its quarterly 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.
Several analysts have recently commented on the stock. 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, January 22nd. They now have a $65.00 price target on the stock, up previously from $60.00. 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, January 22nd. 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company. salesforce.com inc. presently has a consensus rating of “Buy” and an average price target of $79.57.
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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