Insider Selling: Marc Benioff Sells 20,000 Shares of salesforce.com, inc. Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $54.85, for a total value of $1,097,000.00. The sale was disclosed in a legal filing with the SEC, which is available at 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 given a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $67.24.
Shares of salesforce.com, inc. (NYSE:CRM) traded up 0.78% during mid-day trading on Wednesday, hitting $55.39. 5,060,250 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 $54.49 and its 200-day moving average is $56.10. The company’s market cap is $34.009 billion.
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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