salesforce.com, inc. Sees Unusually Large Options Volume (CRM)
Shares of salesforce.com, inc. (NYSE:CRM) saw unusually large options trading on Thursday. Investors purchased 36,894 call options on the company, Analyst Ratings Net reports. This is an increase of 471% compared to the average daily volume of 6,464 call options.
In other salesforce.com, inc. news, CEO Marc Benioff unloaded 60,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $54.78, for a total transaction of $3,286,800.00. The transaction was disclosed in a document filed 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. 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $67.24.
salesforce.com, inc. (NYSE:CRM) traded up 0.58% on Thursday, hitting $55.71. The stock had a trading volume of 9,453,503 shares. 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 $34.206 billion.
salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results on Thursday, August 21st. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.09 earnings per share. salesforce.com, inc.’s revenue was up 37.9% 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.
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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