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salesforce.com, inc. (NYSE:CRM) Insider Parker Harris sold 11,333 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $55.01, for a total transaction of $623,428.33. Following the completion of the sale, the insider now directly owns 13,928 shares in the company, valued at approximately $766,179. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

salesforce.com, inc. (NYSE:CRM) traded down 0.53% on Wednesday, hitting $54.60. 4,233,098 shares of the company’s stock traded hands. salesforce.com, inc. has a 1-year low of $40.16 and a 1-year high of $67.00. The stock has a 50-day moving average of $54.98 and a 200-day moving average of $56.78. The company’s market cap is $33.524 billion. salesforce.com, inc. also was the recipient of some unusual options trading activity on Monday. Investors purchased 14,711 call options on the company. This represents an increase of approximately 104% compared to the typical volume of 7,226 call options.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results 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. Analysts expect that salesforce.com, inc. will post $0.51 EPS for the current fiscal year.

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 equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target 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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