Salesforce.com Inc (NYSE:CRM) Receives An Update From Brokers

The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. It dropped, as 89 investors sold salesforce.com, inc. shares while 255 reduced holdings. $91.31's average target is 4.06% above currents $87.75 stock price. Year to date Salesforce.com, inc. The stock price decreased -0.10% or $0.09 versus $87.84 at the end of the prior session. Institutional investors own 83.13% of the company's stock. Moreover, Raymond James Tru Na has 0.06% invested in salesforce.com, inc. The shares were sold at an average price of $85.35, for a total transaction of $16,557.90. 1,038 shares valued at $75,806 were sold by Weaver Amy E on Friday, November 25. Below is a list of salesforce.com, inc. Live Your Vision Limited has invested 0.01% in salesforce.com, inc. The shares were sold at an average price of $86.43, for a total transaction of $864,300.00. 19,440 were accumulated by Partner Inv L P. D E Shaw And has invested 0.07% of its portfolio in salesforce.com, inc.

Salesforce (NYSE:CRM) reported first quarter results that beat on the top as well as on the bottom line. The stock has a market cap of $62.06 billion, a P/E ratio of 337.38 and a beta of 1.42. (NYSE:CRM). Mitsubishi Ufj Secs reported 0.04% of its portfolio in salesforce.com, inc.

Analysts have forecasted that revenues will hit $2.48 billion this year, as Salesforce's management sees sales coming in 2% higher, this should lead to some adjustments of analyst estimates in the next weeks, which could also lead to upgrades for Salesforce's shares. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. salesforce.com, inc. had a return on equity of 2.40% and a net margin of 2.60%. salesforce.com, inc.'s quarterly revenue was up 24.6% compared to the same quarter a year ago. The firm's quarterly revenue was up 24.6% on a year-over-year basis.

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About 12.31 million shares traded or 241.94% up from the average. salesforce.com, inc. Salesforce.com had 111 analyst reports since August 21, 2015 according to SRatingsIntel. "(CRM) Chairman Marc Benioff Sells 10,000 Shares" was posted by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright laws.

Cash: Cash generated from operations for the first quarter was $1.23 billion, an increase of 17% year-over-year. 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. First Personal Financial Services raised its position in shares of salesforce.com, inc.by 7.5% in the first quarter. Summit Global Investments now owns 12,626 shares of the CRM provider's stock valued at $1,042,000 after buying an additional 1,704 shares during the last quarter. Janus Capital Management LLC now owns 8,844,260 shares of the CRM provider's stock worth $605,886,000 after buying an additional 1,727,696 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of salesforce.com, inc.by 21.6% in the first quarter. The company's stock had a trading volume of 15,733,470 shares. $790,668 worth of salesforce.com, inc. UBS Asset Management Americas Inc. now owns 4,873,121 shares of the CRM provider's stock worth $347,599,000 after buying an additional 33,623 shares during the last quarter.

CRM has been the subject of a number of recent analyst reports.

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Salesforce's shares are trading at $88 right now, which is more than 30% ahead of the company's 52 week low, but just shy of the all time high - Salesforce's shareholders surely have benefited from the market's rally over the last months. Oppenheimer Holdings Inc. reiterated a "hold" rating and issued a $100.00 price objective (up from $95.00) on shares of salesforce.com, inc.in a report on Friday. Finally, Morgan Stanley reissued an "overweight" rating and issued a $107.00 price target on shares of salesforce.com, inc.in a research report on Wednesday, March 8th. Needham & Company LLC began coverage on shares of salesforce.com, inc.in a report on Wednesday, February 15th. 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-one have given a buy rating to the company. The stock's price moved up its 200-day moving average of $27.79.

Since its founding 18 years ago, Salesforce has been a pioneer and leader in enterprise cloud computing, singularly focused on CRM.

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