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salesforce.com, inc. (NYSE:CRM) Insider Parker Harris sold 11,333 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $53.91, for a total value of $610,962.03. Following the transaction, the insider now directly owns 13,928 shares in the company, valued at approximately $750,858. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 1.81% during mid-day trading on Tuesday, hitting $53.74. 4,653,390 shares of the company’s stock traded hands. salesforce.com, inc. has a 52-week low of $41.54 and a 52-week high of $67.00. The stock’s 50-day moving average is $55.12 and its 200-day moving average is $56.77. The company’s market cap is $32.996 billion.

salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results 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.

CRM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Tuesday. They now have a $57.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated a “positive” rating on shares of salesforce.com, inc. in a research note on Thursday, June 19th. Finally, 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. One 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $66.68.

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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