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salesforce.com, inc. (NYSE:CRM) Insider Parker Harris sold 11,333 shares of salesforce.com, inc. stock on the open market in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $57.66, for a total transaction of $653,460.78. Following the completion of the transaction, the insider now directly owns 13,928 shares of the company’s stock, valued at approximately $803,088. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on CRM. 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 investment 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 issued a strong buy rating to the company. salesforce.com, inc. has an average rating of “Buy” and a consensus price target of $66.55.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.93% on Tuesday, hitting $57.46. 7,784,386 shares of the company’s stock traded hands. salesforce.com, inc. has a one year low of $37.72 and a one year high of $67.00. The stock has a 50-day moving average of $53.29 and a 200-day moving average of $56.42. The company’s market cap is $35.280 billion.

salesforce.com, inc. (NYSE:CRM) last issued its quarterly 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. 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.

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