salesforce.com, inc. Insider Maria Martinez Sells 2,638 Shares (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Maria Martinez sold 2,638 shares of the stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $58.15, for a total value of $153,399.70. Following the sale, the insider now directly owns 35,198 shares in the company, valued at approximately $2,046,764. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CRM. 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. Five equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $67.47.
Shares of salesforce.com, inc. (NYSE:CRM) traded up 0.91% on Friday, hitting $58.82. 1,619,470 shares of the company’s stock traded hands. salesforce.com, inc. has a 52-week low of $47.38 and a 52-week high of $67.00. The stock has a 50-day moving average of $54.86 and a 200-day moving average of $56.04. The company’s market cap is $36.410 billion.
salesforce.com, inc. (NYSE:CRM) last released its earnings data 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. 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.
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