John Ramos for InterCooler.com writes: salesforce.com, inc. (NYSE:CRM) CEO Marc Benioff unloaded 60,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $59.35, for a total value of $3,561,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
salesforce.com, inc. (NYSE:CRM) opened at 59.58 on Thursday. salesforce.com, inc. has a 1-year low of $42.11 and a 1-year high of $67.00. The stock has a 50-day moving average of $54.76 and a 200-day moving average of $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 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 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average 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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