salesforce.com, inc. Insider Sells $642,468 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Parker Harris unloaded 11,333 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $56.69, for a total value of $642,467.77. Following the completion of the sale, the insider now directly owns 13,928 shares of the company’s stock, valued at approximately $789,578. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
salesforce.com, inc. (NYSE:CRM) traded down 0.10% on Wednesday, hitting $57.76. 6,044,455 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 $52.69 and its 200-day moving average is $56.23. The company’s market cap is $35.465 billion. salesforce.com, inc. also was the recipient of unusually large options trading activity on Tuesday. Investors purchased 34,748 call options on the company. This represents an increase of 113% compared to the typical daily volume of 16,314 call options.
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 $0.51 EPS for the current fiscal year.
A number of analysts have recently weighed in on CRM shares. 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 company’s stock. salesforce.com, inc. currently 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.
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