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salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 20,000 shares of the company’s stock on the open market 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 $1,078,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of analysts have recently weighed in on CRM shares. 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 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. presently has an average rating of “Buy” and an average price target of $66.68.

salesforce.com, inc. (NYSE:CRM) traded up 0.39% during mid-day trading on Wednesday, hitting $53.95. 2,537,425 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 $55.09 and its 200-day moving average is $56.75. The company’s market cap is $33.125 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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