Salesforce.com Inc (NYSE:CRM) - Equities researchers at Jefferies Group reduced their Q4 2018 earnings per share (EPS) estimates for Salesforce.com in a note issued to investors on Tuesday. Jefferies Group analyst J. Difucci now forecasts that the CRM provider will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.14. Jefferies Group has a “Hold” rating and a $84.00 price target on the stock.
A number of other analysts have also commented on the company. Benchmark Co. lifted their target price on Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Zacks Investment Research lowered Salesforce.com from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Vetr raised Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 target price for the company in a report on Monday, June 12th. BTIG Research reissued a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, May 22nd. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $102.00 target price (up previously from $100.00) on shares of Salesforce.com in a report on Friday, May 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $101.72.
Salesforce.com (NYSE CRM) traded down 0.05% during midday trading on Friday, hitting $94.10. The stock had a trading volume of 5,310,995 shares. The stock’s market capitalization is $67.00 billion. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $95.23. The stock’s 50-day moving average is $90.44 and its 200-day moving average is $86.60.
Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.09 by $0.24. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.24 EPS.
In other Salesforce.com news, insider Amy E. Weaver sold 1,400 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $90.12, for a total transaction of $126,168.00. Following the sale, the insider now directly owns 17,913 shares of the company’s stock, valued at approximately $1,614,319.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $91.24, for a total value of $912,400.00. Following the sale, the chief executive officer now directly owns 34,195,300 shares in the company, valued at $3,119,979,172. The disclosure for this sale can be found here. Insiders have sold a total of 1,270,082 shares of company stock worth $114,312,463 over the last ninety days. 6.70% of the stock is owned by insiders.
Several large investors have recently bought and sold shares of CRM. Capital Analysts LLC boosted its stake in Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares during the period. Peddock Capital Advisors LLC boosted its stake in Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after buying an additional 1,350 shares during the period. People s United Financial Inc. boosted its stake in Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after buying an additional 550 shares during the period. Shine Investment Advisory Services Inc. acquired a new stake in Salesforce.com during the second quarter worth approximately $130,000. Finally, First Personal Financial Services boosted its stake in Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 86.29% of the company’s stock.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company 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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