Share on StockTwits

salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 60,000 shares of salesforce.com, inc. stock on the open market in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $55.94, for a total transaction of $3,356,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.10% during mid-day trading on Wednesday, hitting $57.76. The stock had a trading volume of 6,044,455 shares. salesforce.com, inc. has a one year low of $36.09 and a one year high of $67.00. The stock’s 50-day moving average is $52.69 and its 200-day moving average is $56.23. The company’s market cap is $35.465 billion. salesforce.com, inc. also saw some unusual options trading activity on Tuesday. Stock traders purchased 34,748 call options on the company. This is an increase of approximately 113% compared to the average volume of 16,314 call options.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results on Tuesday, May 20th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. salesforce.com, inc.’s revenue was up 37.7% compared to the same quarter last year. Analysts expect that salesforce.com, inc. will post $0.51 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of salesforce.com, inc. in a research note on Thursday, May 29th. 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $66.59.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.