salesforce.com, inc. Insider Sells $676,240 in Stock (CRM)
salesforce.com, inc. (NYSE:CRM) Insider Parker Harris sold 11,333 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $59.67, for a total value of $676,240.11. Following the completion of the transaction, the insider now directly owns 15,643 shares in the company, valued at approximately $933,418. The sale was disclosed in a legal filing with the SEC, which is available at 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, 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 research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.90.
salesforce.com, inc. (NYSE:CRM) traded down 1.37% during mid-day trading on Wednesday, hitting $59.03. 3,935,288 shares of the company’s stock traded hands. salesforce.com, inc. has a one year low of $48.02 and a one year high of $67.00. The stock has a 50-day moving average of $55.31 and a 200-day moving average of $55.90. The company’s market cap is $36.540 billion.
salesforce.com, inc. (NYSE:CRM) last released its 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. 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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