Salesforce.com, inc. (NYSE:CRM) earnings up 25% y-o-y

The company had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.28 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%.

On 5/17/2017 Marc Benioff, Chairman, sold 20,000 with an average share price of $89.11 per share and the total transaction amounting to $1,782,200.00. The shares were sold at an average price of $88.72, for a total transaction of $887,200.00. The stock was sold at an average price of $86.43, for a total transaction of $864,300.00. Intrust Bank NA boosted its stake in salesforce.com, inc.by 0.4% in the first quarter. The shares were sold at an average price of $86.74, for a total transaction of $1,734,800.00. Ig Investment invested 0.03% in salesforce.com, inc. The stock was sold at an average price of $86.80, for a total value of $868,000.00. The insider QUBEIN NIDO R sold 10,904 shares worth $515,577. The stock was sold at an average price of $86.12, for a total transaction of $2,583,600.00. Bingham Osborn & Scarborough Lc owns 0.14% invested in salesforce.com, inc. The stock was 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. A beta of 1 may show that the stock price moves with the market. The stock's 50 day moving average price is $85.48 and its 200-day moving average price is $78.94. salesforce.com, inc. also was the target of unusually large options trading on Tuesday. This is an increase of 165% compared to the typical volume of 7,630 call options.

Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM).

However, first quarter revenue increased 25 per cent to $2.4bn (£1.8bn). 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. Equities research analysts predict that salesforce.com, inc. will post $1.29 earnings per share for the current year.

Markets Right Now: Stocks recover ground a day after slump
Following the completion of the sale, the insider now directly owns 6,748,580 shares in the company, valued at $476,044,833.20. Cleaner aisles, faster checkouts and fewer missing items have been the focus for Wal-Mart's USA stores chief Greg Foran.

TRADEMARK VIOLATION WARNING: This news story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are reading this news story on another publication, it was illegally stolen and republished in violation of global copyright & trademark legislation. (NYSE:CRM). The moving average uses the sum of all of the previous closing prices over a certain time period and divides the result by the number of prices used in the calculation. As per Thursday, November 19, the company rating was maintained by Pivotal Research. 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. Cowen and Company restated an "outperform" rating and issued a $95.00 price objective on shares of salesforce.com, inc.in a report on Thursday, February 16th. Stifel Nicolaus reaffirmed a "buy" rating and issued a $105.00 target price (up previously from $100.00) on shares of salesforce.com, inc.in a research report on Friday. Zacks Investment Research downgraded salesforce.com, inc. from a hold rating to a sell rating in a research report on Tuesday, May 2nd. The firm has "Outperform" rating by William Blair given on Monday, August 24.

There are 1 sell rating, 3 hold ratings, 40 buy ratings on the stock. The stock now has a consensus rating of "Buy" and an average price target of $94.72.

Hedge funds have recently made changes to their positions in the stock. Manning & Napier Advisors LLC boosted its position in shares of salesforce.com, inc.by 256.6% in the third quarter. A recommendation of 1 or 2 would represent a consensus Buy. First Personal Financial Services increased its stake in shares of salesforce.com, inc.by 7.5% in the first quarter. Willingdon Wealth Management now owns 29,204 shares of the CRM provider's stock valued at $2,083,000 after buying an additional 367 shares during the period. 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 last quarter.

Currently Salesforce.Com Inc (NYSE:CRM)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 87%. Nippon Life Insurance Co. boosted its position in shares of salesforce.com, inc.by 1.8% in the third quarter. Investors measure stock performance on the basis of a company's earnings power. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in salesforce.com, inc.by 430.9% in the third quarter. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.

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