Insider Selling: salesforce.com, inc. EVP Sells 6,196 Shares of Stock (CRM)
salesforce.com, inc. (NYSE:CRM) EVP Stephen Fisher sold 6,196 shares of the stock on the open market in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $52.85, for a total transaction of $327,458.60. Following the sale, the executive vice president now directly owns 5,552 shares in the company, valued at approximately $293,423. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CRM. Analysts at Pivotal Research reiterated a “buy” rating on shares of salesforce.com, inc. in a research note on Thursday, May 22nd. They now have a $73.00 price target on the stock, down previously from $74.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of salesforce.com, inc. in a research note on Thursday, May 22nd. They now have a $65.00 price target on the stock, down previously from $75.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Thursday, May 22nd. They now have a $53.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. salesforce.com, inc. currently has an average rating of “Buy” and an average target price of $66.28.
Shares of salesforce.com, inc. (NYSE:CRM) traded down 1.67% on Wednesday, hitting $53.45. 1,783,049 shares of the company’s stock traded hands. salesforce.com, inc. has a 1-year low of $36.09 and a 1-year high of $67.00. The stock has a 50-day moving average of $53.1 and a 200-day moving average of $56.41. The company’s market cap is $32.739 billion.
salesforce.com, inc. (NYSE:CRM) last released its earnings data on Tuesday, May 20th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 37.7% on a year-over-year basis. Analysts expect that salesforce.com, inc. will post $0.50 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.
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