For Salesforce, The Sum Is Worth More Than The Parts

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(NYSE:CRM) has risen 6.00% since April 19, 2017 and is uptrending. Goldman Sachs Group Inc downgraded shares of salesforce.com, inc. from a conviction-buy rating to a buy rating and boosted their target price for the stock from $79.10 to $96.00 in a report on Wednesday, February 1st. (NYSE:CRM). Twin Tree Limited Partnership, a Texas-based fund reported 45,035 shares.

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. Barclays Capital maintained the shares of CRM in report on Thursday, September 1 with "Overweight" rating.

On 5/18/2017 John Victor Roos, Director, sold 194 with an average share price of $87.90 per share and the total transaction amounting to $17,052.60.

Dividend information for salesforce.com, inc. The stock now has a consensus rating of "Buy" and an average price target of $94.72. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%.

On Tuesday, May 16th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. This represents an increase of approximately 165% compared to the typical daily volume of 7,630 call options.

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In February, the company had projected GAAP earnings of $0.05 to $0.07 a share on sales of $10.15 billion to $10.20 billion.

Its latest closing price kept its distance from the SMA50 at 2.90% and -0.62% compared with the SMA 20 while it was down/up 13.33% from the average-price of 200 days.

"Salesforce should easily march past $10 billion in revenue this year and at this rate the road to $20 billion looks pretty clear", the firm opined. During the same period in the previous year, the company posted $0.24 earnings per share. Equities analysts anticipate that salesforce.com, inc. will post $1.29 EPS for the current fiscal year.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. If you are reading this news story on another publication, it was illegally stolen and republished in violation of worldwide copyright & trademark legislation. (NYSE:CRM) news were published by: Investorplace.com which released: "Salesforce.com, Inc". The business's revenue was up 24.6% compared to the same quarter past year. salesforce.com, inc. updated its Q2 guidance to $0.31-0.32 EPS and its FY18 guidance to $1.28-1.30 EPS. The shares were sold at an average price of $89.79, for a total value of $720,744.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

In related news, EVP Burke F. Norton sold 210,800 shares of the firm's stock in a transaction dated Thursday, March 23rd. The stock was purchased at an average cost of $81.68 per share, for a total transaction of $99,976.32. Following the completion of the transaction, the executive vice president now directly owns 290,385 shares in the company, valued at approximately $23,733,166.05. The disclosure for this sale can be found here.

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Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ltd. acquired a new position in shares of salesforce.com, inc. during the third quarter valued at about $10,078,000. JNBA Financial Advisors now owns 1,828 shares of the CRM provider's stock worth $125,000 after buying an additional 155 shares during the period.

When Salesforce.com Inc. (NYSE: CRM) reported its most recent quarterly results late on Thursday, the company said that it had $0.28 in earnings per share (EPS) and $2.39 billion in revenue. KS raised its position in shares of salesforce.com, inc.by 2.8% in the third quarter.

CRM has been the topic of a number of analyst reports. JNBA Financial Advisors raised its position in shares of salesforce.com, inc.by 9.3% in the fourth quarter.

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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