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salesforce.com, inc. (NYSE:CRM) CFO Graham Smith sold 10,000 shares of salesforce.com, inc. stock on the open market in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $55.31, for a total value of $553,100.00. Following the transaction, the chief financial officer now directly owns 91,986 shares in the company, valued at approximately $5,087,746. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CRM has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of salesforce.com, inc. in a research note on Thursday. They now have a $75.00 price target on the stock, down previously from $80.00. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $66.55.

salesforce.com, inc. (NYSE:CRM) traded down 0.48% on Monday, hitting $52.38. 4,070,443 shares of the company’s stock traded hands. salesforce.com, inc. has a 52 week low of $36.09 and a 52 week high of $67.00. The stock’s 50-day moving average is $53.02 and its 200-day moving average is $56.3. The company’s market cap is $32.083 billion.

salesforce.com, inc. (NYSE:CRM) last released its earnings data on Tuesday, May 20th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue 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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