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salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff unloaded 60,000 shares of the stock on the open market in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $55.83, for a total transaction of $3,349,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $66.55.

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

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. 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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