Insider Selling: salesforce.com, inc. CEO Sells 40,000 Shares of Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 40,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $57.71, for a total value of $2,308,400.00. The sale 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, June 19th. 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 assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $66.55.
salesforce.com, inc. (NYSE:CRM) traded down 0.93% on Tuesday, hitting $57.46. The stock had a trading volume of 7,784,386 shares. salesforce.com, inc. has a one year low of $37.72 and a one year high of $67.00. The stock’s 50-day moving average is $53.29 and its 200-day moving average is $56.42. The company’s market cap is $35.280 billion.
salesforce.com, inc. (NYSE:CRM) last posted its quarterly 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. Analysts expect that salesforce.com, inc. will post $0.51 EPS 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.
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