salesforce.com, inc. Insider Sells $159,770 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Maria Martinez sold 2,692 shares of the stock on the open market in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $59.35, for a total value of $159,770.20. Following the transaction, the insider now directly owns 32,904 shares of the company’s stock, valued at approximately $1,952,852. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
salesforce.com, inc. (NYSE:CRM) traded up 0.69% on Tuesday, hitting $59.64. 5,764,150 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 $54.63 and its 200-day moving average is $56.00. The company’s market cap is $36.799 billion.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 37.9% 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.
A number of analysts have recently weighed in on CRM shares. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $63.00 price target on the stock. Separately, analysts at Argus reiterated a “buy” rating on shares of salesforce.com, inc. in a research note on Monday. They now have a $71.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of salesforce.com, inc. from $65.00 to $70.00 in a research note on Friday. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. salesforce.com, inc. currently has a consensus rating of “Buy” and an average target price of $67.47.
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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