Friday, 20 October, 2017

Investors Buy salesforce.com, inc. (CRM) on Weakness Following Insider Selling

Salesforce.com, inc. (NYSE:CRM): Shares Heading Towards 52-Week High Salesforce posts Q1 loss but raises outlook
Jo Caldwell | 19 May, 2017, 23:21

(NYSE:CRM), Autodesk, Inc. (NASDAQ:ADSK), McKesson Corporation (NYSE:MCK), and Gap Inc (NYSE:GPS). The firm owned 1,187,628 shares of the CRM provider's stock after selling 232,629 shares during the period. The analysts indicated the ongoing strength in the company's core CRM product is being augmented by high growth in marketing, platform and service, driving plenty of upsell opportunities, including the new Einstein AI engine. On average, equities analysts forecast that salesforce.com, inc. will post $1.29 earnings per share for the current year. Tightening the gaze, stock performance for the last 5 trading days is 0.05%.

Receive Salesforce.com Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc with MarketBeat.com's FREE daily email newsletter. Vanguard Group Inc. now owns 43,880,907 shares of the CRM provider's stock worth $3,619,736,000 after buying an additional 1,956,427 shares during the last quarter. Hemenway Trust Co LLC acquired a new position in shares of salesforce.com, inc. during the fourth quarter worth about $137,000. Guardian Life Insurance Co. of America increased its stake in shares of salesforce.com, inc.by 3.4% in the first quarter.

05/12/2017 - Salesforce.com Inc had its " rating reiterated by analysts at Piper Jaffray. Salesforce bought Demandware for $2.8 billion in June, 2016. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. If the $90.89 PT is reached, the company will be worth $1.87B more. The firm has a 50 day moving average price of $85.48 and a 200 day moving average price of $78.94. salesforce.com, inc. also was the target of unusually large options trading activity on Tuesday. Johnson Robert Jerome JR sold $376,735 worth of stock or 8,257 shares. This is an increase of 165% compared to the typical daily volume of 7,630 call options.

Salesforce's deferred revenue rose 26 percent to $5.04 billion in the quarter. Salesforce.com, inc. (CRM) now trades with a market capitalization of $61.28 Billion. The firm's revenue was up 24.6% compared to the same quarter past year. (NYSE:CRM). Moreover, Brown Advisory Limited Com has 0.56% invested in salesforce.com, inc.

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CRM has been the topic of several research reports. Credit Suisse analysts stated on 27/04/2017 that they launched coverage on this stock with Outperform rating. Wedbush reissued an "outperform" rating and set a $102.00 price target (down previously from $105.00) on shares of salesforce.com, inc.in a research report on Monday. They now have a Dollars 105 price target on the stock. State Street Corp now owns 26,765,636 shares of the CRM provider's stock worth $1,832,372,000 after buying an additional 1,756,272 shares during the period. Covering sell-side analysts are estimating company growth for next year to be 30.23%. The stock's average target of $12.44 is 1729.41% above today's ($0.68) share price. The company is expected to report EPS as high as $0.35 and as low as $0.28 per share. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Employees Retirement Systems Of Texas accumulated 40,000 shares or 0.03% of the stock. Presently, John Roos owns 16,647 shares which make up precisely 0.00% of the Company's market cap (share price times the number of shares outstanding). The disclosure for this sale can be found here. Looking ahead, the company expects a loss per share of 18 - 14 cents on revenue of $488 - $500 million for the second quarter.

Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM).

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