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Salesforce.com, inc. (NYSE:CRM): Shares Heading Towards 52-Week High
20 May 2017, 12:30 | Ruby West
Salesforce posts Q1 loss but raises outlook
Dividend information for salesforce.com, inc.
SAN FRANCISCO, Calif. - May 18, 2017 - Salesforce (NYSE: CRM), the global leader in CRM, today announced results for its fiscal first quarter ended April 30, 2017. Another trade for 25,626 shares valued at $1.19M was made by Standridge Brantley J on Wednesday, January 25.
04/27/2017 - Credit Suisse began new coverage on Salesforce.com Inc giving the company a " rating.
05/15/2017 - Salesforce.com Inc had its " rating reiterated by analysts at Drexel Hamilton. Over the last quarter, insiders have sold 997,585 shares of company stock valued at $83,409,993. King Luther Capital Management Corp increased its stake in shares of salesforce.com, inc.by 1.3% in the first quarter. (NYSE:CRM). Public Sector Pension Investment Board owns 166,546 shares. Jennison Associates LLC boosted its position in shares of salesforce.com, inc.by 3.2% in the third quarter. Pinnacle Bank acquired a new position in shares of salesforce.com, inc. during the first quarter worth about $181,000. On Saturday, February 25 Robbins Cynthia G. sold $70,647 worth of salesforce.com, inc. (NYSE:CRM) on weakness during trading on Tuesday following insider selling activity. The company's stock has a normal trading capacity of 4.13M shares while the relative volume is 2.39. Tracking company EPS may help to evaulate company stock value.
Inc (NYSE:CRM) shares traded -0.1% down during most recent session to reach at the closing price of $87.75. The CRM provider reported $0.28 EPS for the quarter, beating the Zacks' consensus estimate of $0.26 by $0.02. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%.
Subscription and support revenues were $2.2 billion, an increase of 24% from last year, and professional services and other revenues totaled $187 million, an increase of 32% year over year. For the quarter, shares have been noted at 8.57%.
Among 45 analysts covering Salesforce.com (NYSE:CRM), 39 have Buy rating, 1 Sell and 5 Hold. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & global trademark and copyright laws. (CRM) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that salesforce.com, inc.
05/19/2017 - Salesforce.com Inc had its " rating reiterated by analysts at Stifel Nicolaus.
Director, Marc Benioff is the Salesforce Com Inc's insider who sold shares of Salesforce Com Inc, 10,000 to be precise. RB Capital Management LLC now owns 14,290 shares of the CRM provider's stock valued at $1,179,000 after buying an additional 90 shares during the last quarter. Finally, Mizuho reiterated a "buy" rating and set a $100.00 target price (up previously from $95.00) on shares of salesforce.com, inc.in a research note on Friday. They set a "hold" rating on the stock. Price targets frequently change, depending on the outlook for a company's earnings. One investment analyst has rated the stock with a sell rating, five have given a hold rating and forty-one have given a buy rating to the company. salesforce.com, inc. presently has an average rating of "Buy" and an average price target of $94.96.
Demand for cloud-based services is soaring as companies look to take advantage of such offerings due to lower costs and high level of scalability. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $82.00, for a total transaction of $820,000.00.
In February, the company had projected GAAP earnings of $0.05 to $0.07 a share on sales of $10.15 billion to $10.20 billion. The disclosure for this purchase can be found here. Pushing out to the 50-day, we can see that shares are now trading 5.16% off of that number.
Even though rivals are targeting Salesforce's stronghold in customer-relationship management, the company said it is able to grab significant pieces of new business in the growing field. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.
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