Insider Selling: Parker Harris Unloads 11,333 Shares of salesforce.com, inc. Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Parker Harris sold 11,333 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.93, for a total value of $667,853.69. Following the completion of the transaction, the insider now directly owns 13,928 shares of the company’s stock, valued at approximately $820,777. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
salesforce.com, inc. (NYSE:CRM) traded up 1.93% during mid-day trading on Tuesday, hitting $59.20. 5,288,499 shares of the company’s stock traded hands. salesforce.com, inc. has a 52-week low of $37.73 and a 52-week high of $67.00. The stock has a 50-day moving average of $54.07 and a 200-day moving average of $56.57. The company’s market cap is $36.349 billion.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Tuesday, May 20th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue 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.
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, 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 given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the stock. salesforce.com, inc. currently has an average rating of “Buy” and an average 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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