Saturday, 18 August, 2018

Salesforce.com, inc. (CRM) Upgraded to Buy at Vetr Inc

Laurie Berry | 19 May, 2017, 19:43

At the time of writing, company shares had recently hit 88.99. The stock was sold at an average price of $89.63, for a total transaction of $896,300.00.

In other salesforce.com, inc. news, Director Maynard G. Webb, Jr. sold 2,680 shares of the firm's stock in a transaction dated Tuesday, May 16th. Yates William Rufus also sold $1.77M worth of BB&T Corporation (NYSE:BBT) shares.

Drexel Hamilton reaffirmed their buy rating on shares of salesforce.com, inc. The stock was sold at an average price of $87.19, for a total transaction of $871,900.00. The shares were sold at an average price of $86.43, for a total transaction of $864,300.00. Over the last 90 days, insiders have sold 997,585 shares of company stock worth $83,409,993. The stock was sold at an average price of $86.74, for a total transaction of $1,734,800.00. The shares were sold at an average price of $86.64, for a total value of $866,400.00. The shares were sold at an average price of $86.12, for a total transaction of $2,583,600.00. Henson Christopher L had sold 181,247 shares worth $8.23 million on Monday, January 23. The shares were sold at an average price of $84.85, for a total transaction of $848,500.00.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. The company has a market capitalization of $63.61 billion, a P/E ratio of 345.85 and a beta of 1.42. Stock traders bought 20,233 call options on the stock. This is an increase of 165% compared to the average daily volume of 7,630 call options.

Salesforce.com, inc. (NYSE:CRM)'s EPS growth this year is 457.90% and the trailing 12-month EPS is $0.26. The high and low revenue estimates for the current quarter are $2.57 Billion and $2.45 Billion, respectively.

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Results were so much better than it had expected, Salesforce lifted its outlook for revenue for the year by $100 million from what it had anticipated just three months ago.

In terms of Buy, Sell or Hold recommendations, Salesforce.Com Inc (NYSE:CRM) has analysts' mean recommendation of 1.8.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation. (NYSE:CRM)'s stock has changed 28.18%.

A number of research firms have commented on CRM. Goldman Sachs Group Inc cut shares of salesforce.com, inc. from a conviction-buy rating to a buy rating and boosted their price objective for the company from $79.10 to $96.00 in a report on Wednesday, February 1st. Wedbush reiterated 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. Morgan Stanley restated an "overweight" rating and issued a $107.00 price objective on shares of salesforce.com, inc.in a report on Wednesday, March 8th. Zacks Investment Research downgraded salesforce.com, inc. from a "buy" rating to a "hold" rating in a report on Wednesday, May 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-two have given a buy rating to the company. The stock now has an average rating of Buy and a consensus price target of $94.72.

Several hedge funds have recently added to or reduced their stakes in CRM. Finally, RB Capital Management LLC boosted its stake in salesforce.com, inc.by 0.6% in the first quarter. 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 period. Total sales in the first quarter ended April 29, 2017 increased 3.2% to $200.0 million compared with $193.7 million in the first quarter ended April 30, 2016. APG Asset Management N.V. now owns 1,602,681 shares of the CRM provider's stock valued at $114,319,000 after buying an additional 33,349 shares in the last quarter. Dubuque Bank & Trust Co. raised its position in shares of salesforce.com, inc.by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider's stock worth $134,000 after buying an additional 1,289 shares during the period. Berkeley Capital Partners LLC acquired a new position in salesforce.com, inc. during the third quarter valued at approximately $228,000. JNBA Financial Advisors increased its stake in shares of salesforce.com, inc.by 9.3% in the fourth quarter. Mariner Wealth Advsrs Ltd Limited Liability Company owns 0.01% invested in Ulta Beauty Inc (NASDAQ:ULTA) for 803 shares. We think this development underscores the necessity of the firm's recent acquisition of Demandware, which we believe solidifies Salesforce.com's offering as the broadest and deepest in the customer relationship management market.

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