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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 dated Monday, August 11th. The stock was sold at an average price of $54.90, for a total transaction of $1,098,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. salesforce.com, inc. presently has an average rating of “Buy” and a consensus price target of $67.00.

salesforce.com, inc. (NYSE:CRM) traded up 0.13% during mid-day trading on Wednesday, hitting $52.82. 4,714,710 shares of the company’s stock traded hands. salesforce.com, inc. has a 52-week low of $42.11 and a 52-week high of $67.00. The stock’s 50-day moving average is $54.99 and its 200-day moving average is $56.27. The company’s market cap is $32.431 billion.

salesforce.com, inc. (NYSE:CRM) last released its earnings data 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. 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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