salesforce.com, inc. CEO Sells $2,158,400 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 40,000 shares of salesforce.com, inc. stock on the open market in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $53.96, for a total transaction of $2,158,400.00. The transaction was disclosed in a legal filing 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.00.
Shares of salesforce.com, inc. (NYSE:CRM) traded up 0.13% during mid-day trading on Wednesday, hitting $52.82. The stock had a trading volume of 4,714,710 shares. 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 $55.12 and its 200-day moving average is $56.29. The company’s market cap is $32.431 billion.
salesforce.com, inc. (NYSE:CRM) last announced its earnings results 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 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.
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.
Receive News & Ratings for salesforcecom inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforcecom inc and related companies with Analyst Ratings Network's FREE daily email newsletter.