salesforce.com, inc. CFO Sells $742,300 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CFO Graham Smith sold 13,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $57.10, for a total transaction of $742,300.00. Following the transaction, the chief financial officer now directly owns 91,986 shares in the company, valued at approximately $5,252,401. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $66.55.
salesforce.com, inc. (NYSE:CRM) traded up 0.85% on Monday, hitting $58.00. The stock had a trading volume of 3,897,351 shares. salesforce.com, inc. has a one year low of $37.34 and a one year high of $67.00. The stock’s 50-day moving average is $53.18 and its 200-day moving average is $56.39. The company’s market cap is $35.612 billion.
salesforce.com, inc. (NYSE:CRM) last announced its earnings results 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. On average, analysts predict that salesforce.com, inc. will post $0.51 earnings per share 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.
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.