Insider Selling: salesforce.com, inc. Insider Unloads 11,333 Shares of Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Parker Harris unloaded 11,333 shares of salesforce.com, inc. stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $59.10, for a total value of $669,780.30. Following the sale, the insider now directly owns 15,028 shares of the company’s stock, valued at approximately $888,155. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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, August 22nd. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $67.47.
salesforce.com, inc. (NYSE:CRM) traded down 0.10% on Wednesday, hitting $59.58. 5,355,070 shares of the company’s stock traded hands. salesforce.com, inc. has a 1-year low of $42.11 and a 1-year high of $67.00. The stock’s 50-day moving average is $54.76 and its 200-day moving average is $56.02. The company’s market cap is $36.762 billion.
salesforce.com, inc. (NYSE:CRM) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 37.9% on a year-over-year basis. Analysts expect that salesforce.com, inc. will post $0.51 EPS 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.
Receive News & Ratings for salesforcecom inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforcecom inc and related companies with Analyst Ratings Network's FREE daily email newsletter.