salesforce.com, inc. Director Sells $128,750 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Director Craig Conway unloaded 2,256 shares of salesforce.com, inc. stock on the open market in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $57.07, for a total transaction of $128,749.92. Following the completion of the sale, the director now directly owns 12,596 shares in the company, valued at approximately $718,854. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
salesforce.com, inc. (NYSE:CRM) traded up 0.85% during mid-day trading on Monday, hitting $58.00. The stock had a trading volume of 3,897,351 shares. salesforce.com, inc. has a 52-week low of $37.34 and a 52-week high of $67.00. The stock has a 50-day moving average of $53.18 and a 200-day moving average of $56.39. The company’s market cap is $35.612 billion.
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.
A number of analysts have recently weighed in on CRM shares. 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 assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company. salesforce.com, inc. presently has a consensus 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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