salesforce.com, inc. CFO Graham Smith Sells 23,000 Shares (CRM)
salesforce.com, inc. (NYSE:CRM) CFO Graham Smith sold 23,000 shares of salesforce.com, inc. stock on the open market in a transaction dated Friday, February 21st. The stock was sold at an average price of $63.88, for a total transaction of $1,469,240.00. Following the transaction, the chief financial officer now directly owns 88,705 shares of the company’s stock, valued at approximately $5,666,475. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CRM shares. Analysts at BMO Capital Markets raised their price target on shares of salesforce.com, inc. from $62.00 to $70.00 in a research note on Friday. Separately, analysts at Bank of America reiterated a “positive” rating on shares of salesforce.com, inc. in a research note on Thursday. Finally, analysts at RBC Capital raised their price target on shares of salesforce.com, inc. from $66.00 to $70.00 in a research note on Friday, February 14th. 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, twenty-eight have issued a buy rating and two have given a strong buy rating to the company’s stock. salesforce.com, inc. currently has an average rating of “Buy” and a consensus price target of $81.18.
Shares of salesforce.com, inc. (NYSE:CRM) traded up 0.92% on Friday, hitting $63.59. The stock had a trading volume of 5,517,022 shares. salesforce.com, inc. has a one year low of $36.09 and a one year high of $64.65. The stock has a 50-day moving average of $59.72 and a 200-day moving average of $53.39. The company’s market cap is $38.345 billion. salesforce.com, inc. also was the recipient of unusually large options trading activity on Tuesday. Investors purchased 16,337 put options on the company. This is an increase of 247% compared to the average volume of 4,705 put options.
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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