salesforce.com inc. (NYSE:CRM) Chairman Veenendaal Frank Van sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $52.17, for a total transaction of $260,850.00. Following the sale, the chairman now directly owns 17,462 shares of the company’s stock, valued at approximately $910,993. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CRM has been the subject of a number of recent research reports. Analysts at Robert W. Baird raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $50.00 to $55.00 in a research note to investors on Thursday, September 19th. They now have an “outperform” rating on the stock. Separately, analysts at Maxim Group raised their price target on shares of salesforce.com inc. (NYSE:CRM) from $55.00 to $62.00 in a research note to investors on Thursday, September 19th. They now have a “positive” rating on the stock. Finally, analysts at Raymond James reiterated a “buy” rating on shares of salesforce.com inc. (NYSE:CRM) in a research note to investors on Friday, September 13th. They now have a $55.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. salesforce.com inc. has a consensus rating of “Buy” and an average price target of $93.69.
Shares of salesforce.com inc. (NYSE:CRM) traded down 0.40% during mid-day trading on Tuesday, hitting $52.14. The stock had a trading volume of 2,980,025 shares. salesforce.com inc. has a 1-year low of $34.76 and a 1-year high of $54.25. The stock’s 50-day moving average is $47.12 and its 200-day moving average is $43.14. The company’s market cap is $31.075 billion.
salesforce.com inc. (NYSE:CRM) last announced its earnings results on Thursday, August 29th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.02. The company had revenue of $957.00 million for the quarter, compared to the consensus estimate of $938.40 million. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 30.7% on a year-over-year basis. Analysts expect that salesforce.com inc. will post $0.34 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.