Insider Selling: Parker Harris Sells 11,333 Shares of salesforce.com, inc. Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Parker Harris unloaded 11,333 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $54.85, for a total transaction of $621,615.05. Following the transaction, the insider now directly owns 13,928 shares in the company, valued at approximately $763,951. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of salesforce.com, inc. (NYSE:CRM) traded up 0.78% during mid-day trading on Wednesday, hitting $55.39. The stock had a trading volume of 5,060,250 shares. salesforce.com, inc. has a one year low of $42.11 and a one year high of $67.00. The stock has a 50-day moving average of $54.49 and a 200-day moving average of $56.10. The company’s market cap is $34.009 billion.
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 investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. salesforce.com, inc. currently has a consensus rating of “Buy” and a consensus price target of $67.24.
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.