A week ago it was reported Salesforce.com CEO Marc Benioff sold 120,000 shares of CRM (Salesforce stock) in 2 separate transactions inside of 1 week. It appears the sell off continues with Mr. Benioff selling another 40,000 shares of his CRM stock this week. As Mr. Benioff is worth $3 Billion, it's not a lot of money....but the interest is about the optics of the CEO selling 160,000 shares of a stock [CRM] in 3 separate transactions over 2 weeks of what many consider to be the most overvalued stock there is (click to read why). They optics lean towards lending credence of the criticism of salesforce.com's valuation.
____
Ethan Ryder for TickerReport writes: Marc Benioff sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $60.32, for a total transaction of $2,412,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CRM
shares. Analysts at Barclays raised their price target on shares of salesforce.com, inc. from $63.00 to $67.00 in a research note on Thursday, September 4th. They now have an “overweight” rating on the stock. Separately, analysts at Zacksreiterated 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. Finally, 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. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $68.03.
shares. Analysts at Barclays raised their price target on shares of salesforce.com, inc. from $63.00 to $67.00 in a research note on Thursday, September 4th. They now have an “overweight” rating on the stock. Separately, analysts at Zacksreiterated 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. Finally, 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. Five analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $68.03.
salesforce.com, inc. (NYSE:CRM) traded down 1.16% during mid-day trading on Tuesday, hitting $59.66. The stock had a trading volume of 4,428,976 shares. salesforce.com, inc. has a 52 week low of $48.18 and a 52 week high of $67.00. The stock’s 50-day moving average is $56.0 and its 200-day moving average is $55.79. The company’s market cap is $36.930 billion.
, inc. (NYSE:CRM) traded down 1.16% during mid-day trading on Tuesday, hitting $59.66. The stock had a trading volume of 4,428,976 shares. salesforce.com, inc. has a 52 week low of $48.18 and a 52 week high of $67.00. The stock’s 50-day moving average is $56.0 and its 200-day moving average is $55.79. The company’s market cap is $36.930 billion.
salesforce.com, inc. (NYSE:CRM) last posted its quarterly earnings results 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.
and social enterprise solutions. The Company provides a customer and collaboration relationship management (NYSE:CRM), applications through the Internet or cloud.
0 comments:
Post a Comment