Salesforce.com, inc. (NYSE:CRM) Volume Spiking Mid-session

Ivan Schwartz
May 20, 2017

(CRM) Stock Stalls After Ho-Hum Q1 Earnings" on May 18, 2017, also Investorplace.com with their article: "How to Trade Salesforce.com, Inc. Cambridge Trust Co. now owns 289,411 shares of the CRM provider's stock valued at $23,873,000 after buying an additional 3,322 shares in the last quarter. Roos John Victor sold $11,628 worth of salesforce.com, inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Advisers LP increased its position in salesforce.com, inc.by 639.2% in the third quarter. The stock is expected to report revenue as high as $2.57B and as low as $2.45B per share. Covington Capital Management has invested 0.02% in salesforce.com, inc. Salem Investment Counselors Inc. now owns 22,425 shares of the CRM provider's stock valued at $1,838,000 after buying an additional 562 shares in the last quarter. On Saturday, December 10 Dayon Alexandre sold $152,770 worth of salesforce.com, inc. The stock has "Buy" rating by William Blair on Friday, September 4.

On Monday, May 8th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock.

After Salesforce reported its quarterly results Thursday, its shares climbed 1.8% to $89.40 in recent after-hours trading.

Today, Stifel Nicolaus raised its price target on salesforce.com, inc. 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 in the last quarter. Price to sales ratio was 14.10 while 73.10% of stock was owned by Institutional investors. The stock of salesforce.com, inc. (NYSE:CRM) to $105.00 per share. 10,321,723 shares of the company traded hands. The company has a 50-day moving average of $85.48 and a 200-day moving average of $78.94. Mizuho maintained the stock with "Buy" rating in Friday, November 18 report.

With our outstanding first quarter results, we are thrilled to be raising our fiscal 2018 revenue guidance by $100 million and raising our GAAP and non-GAAP earnings per share expectations for the year", "Salesforce has once again been named the CRM market leader, and we continue to grow our share in CRM - the fastest growing enterprise software market.
Deferred revenue, which consists primarily of billings received in advance for subscription services, totaled $5.04 billion in the quarter.

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Inc (NYSE:CRM)'s revenue estimates for the current quarter are $2.35 Billion according to 33 number of analysts, for the current quarter the company has high revenue estimates of $2.36 Billion in contradiction of low revenue estimates of $2.34 Billion. The company is estimating to achieve earnings per share (EPS) growth of 170.20% in this year. Analysts have a mean recommendation of 2.30 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Brown Advisory Lc holds 0.56% of its portfolio in salesforce.com, inc. Bp Plc owns 0.18% invested in BB&T Corporation (NYSE:BBT) for 103,000 shares. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark law. Salesforce.com had 113 analyst reports since August 21, 2015 according to SRatingsIntel.

Benchmark "Initiates Coverage On" Salesforce.Com Inc (NYSE:CRM) in a research note issued to investors on 4/27/17 to Outperform with price target of $100. Drexel Hamilton reissued a "buy" rating and set a $100.00 price target on shares of salesforce.com, inc.in a research report on Monday.

On Wednesday, May 17th, Marc Benioff sold 20,000 shares of salesforce.com, inc. stock. H.C. Wainwright maintained it with "Buy" rating and $13 target in Thursday, September 3 report. On Wednesday, April 5 WEBB MAYNARD G JR sold $199,325 worth of salesforce.com, inc. The same analysts see shares reaching $97.00 within the next year on a consensus basis.Let's take a look at how the stock has been performing recently. Badgley Phelps Bell Incorporated reported 67,104 shares or 0.4% of all its holdings. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The shares were estimated based on $87.8, with the insider trading deal valued at $877,918 U.S Dollars. Stocks with EPS growth rates of as a minimum 25% compared with year-ago levels suggest a company has products or services in strong demand. The earnings per share (EPS) term represents portion of a company's earnings with net of taxes as well as preferred stock dividends that is owed to each share of common stock. The disclosure for this purchase can be found here.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share. Corporate insiders own 6.70% of the company's stock.

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

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