Salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 10000 Shares

Salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 10000 Shares

Salesforce.com, inc. (CRM) Chairman Marc Benioff Sells 10000 Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for salesforce.com, inc. the EPS stands at 0.28 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.26, suggesting the stock exceeded the analysts' expectations. Mizuho reaffirmed a "buy" rating and set a $100.00 target price (up previously from $95.00) on shares of salesforce.com, inc.in a research note on Friday. Robert W. Baird reiterated an "outperform" rating and issued a $90.00 price target on shares of salesforce.com, inc.in a report on Saturday, March 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-one have issued a buy rating to the company's stock.

Shares of salesforce.com, inc. (NYSE:CRM) opened at 87.40 on Wednesday. The company has a 50 day moving average price of $85.62 and a 200-day moving average price of $79.03. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $91.00. Citi Trends, Inc. (NASDAQ:CTRN) distance from 200-day simple moving average (SMA200) is -4.44%. (CRM) is $97/share according to the consensus of analysts working on the stock, with an expected EPS of $0.31/share for the current quarter. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. The firm's revenue for the quarter was up 26.8% compared to the same quarter past year.

In terms of guidance for the fiscal second quarter, the company expects to see revenue between $2.51 billion and $2.52 billion, with EPS in the range of $0.31 to $0.32. Cigna Investments Inc. New purchased a new position in shares of salesforce.com, inc. during the fourth quarter valued at $1,615,000. "(CRM) Price Target Increased to $97.00 by Analysts at Barclays PLC" was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & worldwide copyright & trademark legislation.

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Taking a broader look brokerage firms' analysts on the street with an expectant view have Salesforce.Com Inc (NYSE:CRM) high price target of $110 and with a conservative view have low price target of $66.

In related news, Director Maynard G. Webb, Jr. sold 335 shares of salesforce.com, inc. stock in a transaction on Monday, May 1st. The shares were sold at an average price of $80.84, for a total transaction of $697,164.16. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider's stock valued at $927,363,000 after buying an additional 1,910,921 shares during the period. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

On 5/18/2017 Marc Benioff, Chairman, sold 10,000 with an average share price of $87.79 per share and the total transaction amounting to $877,900.00. The shares were sold at an average price of $81.73, for a total transaction of $17,228,684.00. The company's stock has a normal trading capacity of 4.13M shares while the relative volume is 2.39. The disclosure for this sale can be found here. Insiders have sold 987,078 shares of company stock valued at $82,156,031 in the last three months.

The stock subtracted in the prior trading session by -0.1%, closing at the stock price of $87.75. Finally, State Street Corp increased its stake in shares of salesforce.com, inc.by 7.0% in the fourth quarter.

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Looking at cash flows, we get a different picture: At $1.23 billion in operating cash flow Salesforce generated a cash flow yield of nearly eight percent (when we annualize the first quarter cash flow), and due to pretty low capital expenditures the company's free cash flow is nearly as high as its operating cash flow - totaling $1.1 billion in the first quarter. (NYSE:CRM) reached all time high today, May, 19 and still has $90.89 target or 3.00 % above today's $88.24 share price. Atria Investments LLC raised its stake in salesforce.com, inc.by 5.2% in the first quarter. That's compared to consensus estimates for earnings of $1.29 per share and $10.19 billion, respectively. Salem Investment Counselors Inc. raised its position in salesforce.com, inc.by 2.6% in the first quarter.

Mallinckrodt Public Limited Company (NYSE:MNK) is another stock that is grabbing investors attention these days.

On Thursday, May 18th, John Victor Roos sold 194 shares of salesforce.com, inc. stock. 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 last quarter. (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.

(NYSE:CRM). Adell Harriman And Carpenter Inc holds 0% of its portfolio in salesforce.com, inc. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company's service offerings are configured and integrated with other platforms and enterprise applications.

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