Insider Selling: Marc Benioff Sells 60,000 Shares of salesforce.com, inc. Stock (CRM)
salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff sold 60,000 shares of salesforce.com, inc. stock on the open market in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $59.11, for a total transaction of $3,546,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
salesforce.com, inc. (NYSE:CRM) opened at 59.85 on Wednesday. salesforce.com, inc. has a 52-week low of $48.02 and a 52-week high of $67.00. The stock has a 50-day moving average of $55.16 and a 200-day moving average of $55.87. The company’s market cap is $37.047 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 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.
CRM has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of salesforce.com, inc. in a research note on Monday, August 25th. 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, August 25th. 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 investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $67.90.
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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