Salesforce.com, inc. (CRM) Hit 52-Week High
- Author: Zachary Reyes May 19, 2017,
May 19, 2017, 8:52
(NYSE:CRM) for 991,122 shares. The fund owned 25,915 shares of the CRM provider's stock after selling 15,504 shares during the period.
CRM's most recent trading session saw the stock achieve a high of $90.28 and a low of $89.41.
Several other hedge funds have also recently added to or reduced their stakes in CRM. Ltd. increased its position in shares of salesforce.com, inc.by 1.7% in the third quarter.
The San Francisco-based CRM provider reported Q1 earnings per share (EPS) of $0.28, which was $0.02 better than the Wall Street consensus estimate of $0.26. Fox Run Management L.L.C. acquired a new stake in salesforce.com, inc. during the first quarter valued at approximately $440,000. Patten Grp has invested 0% in salesforce.com, inc. (NYSE:CRM) shares. $95,743 worth of stock was sold by Allanson Joe on Friday, November 25. More interesting news about salesforce.com, inc. Martinez Maria also sold $16,955 worth of salesforce.com, inc.
Salesforce: The Global Leader in CRM Since its founding 18 years ago, Salesforce has been a pioneer and leader in enterprise cloud computing, singularly focused on CRM. And at a current reading of 60, momentum still is on Salesforce's side, but there's still room for shares to catch fire again should investors bullishly reconsider in the morning. (NYSE:CRM) traded down 0.06% during mid-day trading on Tuesday, hitting $89.75. The stock's average target of $90.89 is 3.63% above today's ($87.71) share price. Stock exchanged hands with the total volume of 5.62 Million shares, as contrast to its average volume of 3.66 Million shares. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.28 billion. During the same period past year, the company posted $0.24 EPS. The company initiated second-quarter revenue guidance of between $2.51 billion and $2.52 billion, an increase of 23 percent over the previous year's second quarter. Financial analysts were expecting revenue of $2.35 billion and adjusted net income of $0.26, according to Marketwatch, and investors sent the company's shares up in after-hours trading. West Oak Cap Ltd holds 0% of its portfolio in salesforce.com, inc. "(CRM)" was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was illegally copied and republished in violation of US and worldwide trademark & copyright legislation. Piper Jaffray Companies reissued an "overweight" rating and set a $100.00 price target on shares of salesforce.com, inc.in a research report on Sunday.
"Revenue growth is what Salesforce investors are looking for, and that drives its stock price", said Andrew Bartels, vice president and principal analyst at Forrester Research Inc. If the $94.87 price target is reached, the company will be worth $4.40 billion more.
Salesforce.com, inc. (CRM), a part of Technology sector and belongs to Application Software industry; ended its day with loss -2.13% and finalized at the price of $87.84. The stock remained 1.51% volatile for the week and 1.09% for the month. Another trade for 10,000 shares valued at $830,155 was sold by BLOCK KEITH. The company has grown 7.55% in past 3 months and in the last five trades has moved up 0.61%. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The biggest holder now is Marc Benioff who owns 34,185,300 shares (4.81% of those outstanding), whilst Ms. Magdalena Yesil holds 2,115,415 (0.30% of shares outstanding) and Craig Ramsey holds 1,325,883 (0.19% of shares outstanding). The stock is now trading -0.15% below its SMA 50 and 8.83% above its SMA 200. The Alyeska Investment Group Lp holds 2.32 million shares with $158.81 million value, up from 993,784 last quarter. The disclosure for this sale can be found here. Sumitomo Mitsui Asset Management Company LTD now owns 1,147,166 shares of the CRM provider's stock worth $81,827,000 after buying an additional 931,087 shares during the last quarter.
Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management.