Salesforce.com, inc. (CRM) Director Craig Conway Sells 250 Shares
- Author: Zachary Reyes May 21, 2017,
May 21, 2017, 19:09
Several other hedge funds have also recently added to or reduced their stakes in the company.
04/27/2017 - Credit Suisse began new coverage on Salesforce.com Inc giving the company a " rating. MKM Partners reaffirmed a "buy" rating and set a $104.00 price objective (up from $98.00) on shares of salesforce.com, inc.in a report on Friday. Zacks Investment Research downgraded shares of salesforce.com, inc. from a "buy" rating to a "hold" rating in a research report on Wednesday, May 10th. Goldman Sachs Group Inc set a $96.00 price objective on shares of salesforce.com, inc. and gave the stock a buy rating in a report on Wednesday, March 1st.
In terms of Buy, Sell or Hold recommendations, Salesforce.Com Inc (NYSE:CRM) has analysts' mean recommendation of 1.8. They now have a United States dollars 95 price target on the stock. On average, equities research analysts anticipate that salesforce.com, inc. will post $1.29 earnings per share for the current year.
Inc (NYSE:CRM) 52-week high price stands at $90.28 and low price stands at $66.43, its price distance from 52-week high is -2.8% while its distance from 52-week low price is 32.09%. Looking at the stock's movement on the chart, Salesforce.com, inc. recorded a 52-week high of $90.28. The stock was sold at an average price of $83.25, for a total transaction of $20,812.50. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.35 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. The firm's quarterly revenue was up 24.6% on a year-over-year basis.
05/16/2017 - Salesforce.com Inc had its " rating reiterated by analysts at Cowen.
24 analysts polled by Zacks Research now have a mean target price of $96.541 on shares.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. Finally, State Street Corp increased its position in salesforce.com, inc.by 7.0% in the fourth quarter. The shares were sold at an average price of $86.74, for a total value of $1,734,800.00. Following the completion of the sale, the insider now owns 10,000 shares of the company's stock, valued at approximately $813,900.
On Monday, May 8th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. Following the transaction, the chairman now directly owns 34,195,300 shares of the company's stock, valued at approximately $3,017,051,319. Norges Bank purchased a new stake in shares of salesforce.com, inc. during the fourth quarter worth about $382,802,000. Two Sigma Advisers LP now owns 2,252,776 shares of the CRM provider's stock valued at $160,691,000 after buying an additional 1,948,000 shares in the last quarter. Its long-term annual earnings per share (EPS) growth estimated to reach at 25.44% in next 5 years. 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 period. Janus Capital Management LLC increased its stake in shares of salesforce.com, inc.by 21.6% in the first quarter. He also sold 388 shares that are worth approx $33,739 Dollars in the last 30 days. The correct version of this news story can be accessed at https://www.thestockobserver.com/2017/05/19/acrospire-investment-management-llc-raises-stake-in-salesforce-com-inc-crm.html. Lincoln National Corp now owns 3,771 shares of the CRM provider's stock worth $269,000 after buying an additional 76 shares in the last quarter. Comparatively, salesforce.com, inc. posted earnings of $0.32 per share in the same quarter past year.
On 5/18/2017 John Victor Roos, Director, sold 194 with an average share price of $87.90 per share and the total transaction amounting to $17,052.60. (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. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.
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.
Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM).