salesforce.com, inc. CEO Sells $1,060,800 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff unloaded 20,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $53.04, for a total transaction of $1,060,800.00. The sale was disclosed in a filing with the SEC, which is available at this link.
salesforce.com, inc. (NYSE:CRM) traded up 0.22% on Friday, hitting $53.63. 4,697,019 shares of the company’s stock traded hands. salesforce.com, inc. has a one year low of $42.11 and a one year high of $67.00. The stock’s 50-day moving average is $54.7 and its 200-day moving average is $56.23. The company’s market cap is $32.929 billion.
salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results 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. 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 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $67.00.
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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