Analyst Activity - Wedbush Reiterates Outperform on salesforce.com, inc. (NYSE:CRM)

The Party's Just Getting Started For Salesforce

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The shares were sold at an average price of $80.84, for a total value of $697,164.16.

EPS is what each share is worth and indicates how much money their sharehoders would acquire if the company was to pay out all of its profits. The stock was sold at an average price of $83.34, for a total transaction of $833,400.00. Pivotal Research maintained salesforce.com, inc.

The goal of a stock price analysis is to study the behaviour of stock prices. Robbins Cynthia G. sold $164,660 worth of salesforce.com, inc. The correct version of this piece can be read at https://baseballnewssource.com/markets/amy-e-weaver-sells-6438-shares-of-salesforce-com-inc-crm-stock-updated/703377.html.

In other news, CFO Mark J. Hawkins sold 8,624 shares of the business's stock in a transaction that occurred on Monday, March 27th. Wedbush analysts stated on 01/03/2017 that they maintained their Outperform rating.

03/09/2017 - Salesforce.com Inc had its " rating reiterated by analysts at D.A. Davidson.

On 5/8/2017 Marc Benioff, Chairman, sold 20,000 with an average share price of $86.74 per share and the total transaction amounting to $1,734,800.00. (NYSE:CRM). Sg Americas Lc has 0.14% invested in salesforce.com, inc. They now have a Dollars 95 price target on the stock.

On Tuesday, March 21st, Keith Block sold 10,000 shares of salesforce.com, inc. stock. And it remains to be seen which target price CRM can achieve without sacrificing much as the company is holding a 17.59% gain for the past twelve months.

On Thursday, March 16th, Keith Block sold 10,000 shares of salesforce.com, inc. stock. The company's stock had a trading volume of 5,586,570 shares. salesforce.com, inc. has a 12-month low of $66.43 and a 12-month high of $89.28. The firm has a market capitalization of $63.04 billion, a P/E ratio of 342.73 and a beta of 1.42.

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The company has a 50 day moving average of 84.69 and a 200 day moving average of 78.54. The CRM provider reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.23. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The company's revenue for the quarter was up 26.8% compared to the same quarter a year ago.

Last time, the company shocked Wall Street by reporting EPS of $0.28, smashing the consensus of $0.25 per share. Equities analysts anticipate that salesforce.com, inc. will post $1.29 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of USA and worldwide trademark & copyright legislation. The insider Roos John Victor sold 144 shares worth $11,762. About 26 shares traded. salesforce.com, inc. First Trust Advisors LP now owns 2,775,547 shares of the CRM provider's stock valued at $197,980,000 after buying an additional 475,786 shares during the last quarter. Ltd. now owns 1,026,327 shares of the CRM provider's stock valued at $73,208,000 after buying an additional 16,976 shares in the last quarter.

About 245,860 shares traded. salesforce.com, inc. The institutional investor owned 5,716 shares of the CRM provider's stock after buying an additional 483 shares during the period. 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 during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in salesforce.com, inc.by 3.0% in the third quarter. Oracle had 49 analyst reports since July 30, 2015 according to SRatingsIntel.

Stock market analysts watching Salesforce.com Inc (NYSE:CRM) have recently changed their ratings on the stock.

Salesforce.com, inc. (NYSE:CRM) shares have been experiencing accelerated earnings and sales growth over the past five years. Goldman Sachs Group Inc set a $96.00 price target on salesforce.com, inc. and gave the stock a "buy" rating in a research report on Wednesday, March 1st. Finally, Needham & Company LLC started coverage on salesforce.com, inc.in a report on Wednesday, February 15th. Buy rating has been given by 0 analysts to the company stock whereas 1 analyst given UNDERPERFORM rating to stock and 1 analyst given HOLD rating. The firm's target price averages its P/E, EV/FCF, and DCF approaches.

Wedbush believes demand trends have been improving since December across the software universe, and salesforce.com, inc.'s (NYSE:CRM) work to accelerate its adoption in large enterprises is bearing fruit. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. Its Customer Success Platform offers a comprehensive portfolio of services, such as sales force automation, customer service and support, marketing automation, digital commerce, community management, analytics, application development, IoT integration, collaborative productivity tools and professional cloud services.

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