Insider Selling: Graham Smith Unloads 10,000 Shares of salesforce.com, inc. Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CFO Graham Smith sold 10,000 shares of salesforce.com, inc. stock on the open market in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $55.17, for a total value of $551,700.00. Following the completion of the sale, the chief financial officer now directly owns 91,986 shares in the company, valued at approximately $5,074,868. The sale was disclosed in a filing with the SEC, which is available at this link.
salesforce.com, inc. (NYSE:CRM) traded up 1.54% on Friday, hitting $54.89. 4,911,635 shares of the company’s stock traded hands. salesforce.com, inc. has a 1-year low of $42.11 and a 1-year high of $67.00. The stock’s 50-day moving average is $55.38 and its 200-day moving average is $56.6. The company’s market cap is $33.702 billion.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data 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.
A number of research firms have recently commented on CRM. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Tuesday, July 15th. 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 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 stock presently has a consensus rating of “Buy” and an average price target 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.