Salesforce.com, inc. (CRM)

by Frankie Norman August 24, 2017, 1:40
Salesforce.com, inc. (CRM)

Cullen Frost Bankers invested 0.51% in salesforce.com, inc. Equities analysts forecast that Salesforce.com will post $1.30 EPS for the current fiscal year. (NYSE:CRM) shares were sold by Robbins Cynthia G. Kennedy Capital Management Inc., a Missouri-based fund reported 88,060 shares. Earnings, adjusted for one-time gains and costs, came to 33 cents per share. (NYSE:CRM) for 6,999 shares. Agran Libbie holds 3,775 shares or 0.06% of its portfolio. Ally has invested 0.46% in salesforce.com, inc. (NYSE:CRM). Caprock Grp Incorporated holds 7,703 shares or 0.13% of its portfolio. 588.03 million shares or 3.26% more from 569.46 million shares in 2016Q3 were reported. That value represents a market adjusting for revenues that have been growing by 24.57 % on a quarterly year/year basis as of the company's last quarterly report. Paloma Prtnrs Communications stated it has 0.07% of its portfolio in salesforce.com, inc. Dnb Asset Mgmt As reported 496,778 shares.

Since February 23, 2017, it had 4 insider purchases, and 151 insider sales for $161.21 million activity. Benioff Marc sold $818,569 worth of stock. Raymond James Fincl Svcs Advsrs has 0.12% invested in salesforce.com, inc. (NYSE:CRM) on Saturday, April 22.

Salesforce.com, inc. (NYSE:CRM) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages.

I continue to like Salesforce as a company, but not so much the stock. Looking at the other side of the coin, CRM traded as low as $66.43 in the past 52 weeks, and since then the shares have risen 38.13% or $25.33. The 1-year high was reported on Aug, 23 by Barchart.com. They now have a Dollars 84 price target on the stock. After the latest session, which saw the stock close at a price of $92.95, CRM sits -0.52% below its 52-week high. It has underperformed by 8.92% the S&P500. Insiders have sold a total of 1,330,556 shares of company stock worth $119,743,697 over the last three months. (NYSE:CRM)'s near-term growth potential. Next quarter's EPS is estimated at $0.35 with next year's EPS projected to be $1.68. After posting $0.06 EPS for the previous quarter, salesforce.com, inc.'s analysts now forecast 50.00 % EPS growth. Therefore 87% are positive. The brokerage now has a $102.00 price target on the CRM provider's stock.

Analysts surveyed by Thomson Reuters I/B/E/S had predicted earnings of 32 cents on $2.51 billion in revenue. The firm earned "Buy" rating on Thursday, October 8 by Goldman Sachs. The company was maintained on Thursday, November 19 by Mizuho.

05/19/2017 - Salesforce.com Inc had its "outperform" rating reiterated by analysts at William Blair. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.21% of its portfolio in salesforce.com, inc. (NYSE:CRM) on Thursday, May 19 with "Overweight" rating. The original version of this piece of content can be read at https://weekherald.com/2017/08/23/salesforce-com-inc-crm-pt-raised-to-112-00.html. M Partners maintained the stock with "Neutral" rating in Thursday, February 25 report. Northland Capital maintained salesforce.com, inc.

Jefferies maintained a Hold rating but raised its price target to $84 from $80. (NYSE:CRM) on Monday, November 16 with "Outperform" rating.

In the market, Salesforce.com is the clear leader, said IDC the online research firm.

Among 47 analysts covering Salesforce.com (NYSE:CRM), 41 have Buy rating, 1 Sell and 5 Hold. A sudden increase in a stock's activity can be a sign that investors are trading in anticipation of a catalyst, or that investors feel very strongly in one way or the other about the future direction of a stock.


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