salesforce.com, inc. CEO Marc Benioff Unloads 40,000 Shares (CRM)
salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 40,000 shares of the stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $57.78, for a total value of $2,311,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
salesforce.com, inc. (NYSE:CRM) traded down 0.64% on Friday, hitting $57.51. The stock had a trading volume of 5,955,747 shares. salesforce.com, inc. has a 1-year low of $36.13 and a 1-year high of $67.00. The stock has a 50-day moving average of $53.0 and a 200-day moving average of $56.29. The company’s market cap is $35.311 billion. salesforce.com, inc. also was the target of unusually large options trading activity on Tuesday. Investors purchased 34,748 call options on the company. This is an increase of approximately 113% compared to the typical daily volume of 16,314 call options.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data 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. On average, analysts predict that salesforce.com, inc. will post $0.51 earnings per share for the current fiscal year.
CRM has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated a “positive” rating on shares of salesforce.com, inc. in a research note on Thursday. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. salesforce.com, inc. has an average rating of “Buy” and a consensus target price of $66.55.
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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