Salesforce.com Inc. (NYSE:CRM) Director John Victor Roos sold 155 shares of Salesforce.com stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $82.00, for a total transaction of $12,710.00. Following the completion of the sale, the director now owns 17,230 shares of the company’s stock, valued at approximately $1,412,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
John Victor Roos also recently made the following trade(s):
- On Tuesday, July 19th, John Victor Roos sold 155 shares of Salesforce.com stock. The shares were sold at an average price of $81.40, for a total transaction of $12,617.00.
- On Tuesday, July 12th, John Victor Roos sold 155 shares of Salesforce.com stock. The shares were sold at an average price of $81.94, for a total transaction of $12,700.70.
Several analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Salesforce.com from $110.00 to $94.00 and set an “overweight” rating for the company in a research note on Monday. Citigroup Inc. lowered their target price on shares of Salesforce.com from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Jefferies Group reiterated a “hold” rating and set a $80.00 target price on shares of Salesforce.com in a research note on Tuesday, July 12th. Vetr lowered shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $83.58 target price for the company. in a research note on Monday, July 11th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Salesforce.com in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.47.
Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 18th. The CRM provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The company earned $1.92 million during the quarter, compared to analysts’ expectations of $1.89 billion. The company’s revenue for the quarter was down 99.9% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share. On average, equities analysts predict that Salesforce.com Inc. will post $0.95 earnings per share for the current year.
An institutional investor recently bought a new position in Salesforce.com stock. ING Groep acquired a new stake in Salesforce.com Inc. (NYSE:CRM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,260 shares of the CRM provider’s stock, valued at approximately $1,267,000.
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.
