salesforce.com inc. Hits New 52-Week High at $61.82 (CRM)
Shares of salesforce.com inc. (NYSE:CRM) hit a new 52-week high during trading on Wednesday, Analyst Ratings News reports. The stock traded as high as $61.82 and last traded at $61.65, with a volume of 3,200,320 shares trading hands. The stock had previously closed at $60.96.
Several analysts have recently commented on the stock. Analysts at Roth Capital upgraded shares of salesforce.com inc. from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $80.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.15.
In other salesforce.com inc. news, Director Craig Conway sold 1,600 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.81, for a total value of $97,296.00. Following the completion of the sale, the director now directly owns 14,256 shares of the company’s stock, valued at approximately $866,907. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
salesforce.com inc. has a 52-week low of $36.09 and a 52-week high of $61.49. The stock’s 50-day moving average is $56.94 and its 200-day moving average is $51.83. The company’s market cap is $37.290 billion.
salesforce.com inc. (NYSE:CRM) last announced its earnings results 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.
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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