Growth Stock With Analysts Upside: Salesforce.com, inc. (NYSE:CRM)

FSMNews

FSMNews

The share price was last seen 0.51% higher, reaching at $107.58 on November 17, 2017.

Initiatives like Salesforce's Einstein, its artificial intelligence platform, and its 2016 $750 million acquisition of productivity startup Quip "keep putting fuel in the growth engine", said Daniel Ives at research firm GBH Insights. The difference between the expected and actual EPS was $0.01/share, which represents an Earnings surprise of 3.1%. More interesting news about salesforce.com, inc. (NYSE:CRM) stock may see increased volatility following the report. Ig Invest Ltd holds 0.03% of its portfolio in salesforce.com, inc. Its share price has risen 18.21% in three months and is up 0.28% for the last five trades. GSA Capital Partners LLP raised its position in Salesforce.com by 85.3% in the third quarter. The brokerage now has a $114.00 price objective on the CRM provider's stock. Triangle Wealth Mgmt holds 0.67% of its portfolio in salesforce.com, inc. GSA Capital Partners LLP now owns 8,909 shares of the CRM provider's stock valued at $832,000 after purchasing an additional 4,100 shares during the period. Hedge funds and other institutional investors own 86.39% of the company's stock.

FSMNews
Growth Stock With Analysts Upside: Salesforce.com, inc. (NYSE:CRM)

Recent trading patterns in the stock of Salesforce.com, inc. 5,578,500 shares of the company were exchanged, compared to its average volume of 4,366,885.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 88.4 Percent. The relative volume of the stock is 1.28, while its market cap is $76.77 Billion.

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(NYSE:CRM) last announced its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.24. The firm had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. The Return on Equity (ROE) value stands at -1%. The firm's revenue for the quarter was up 25.7% compared to the same quarter previous year. Davide Leone & Partners Investment Company Llp sold 37,800 shares as Salesforce Com Inc (CRM)'s stock rose 7.28%. Analysts on a consensus basis are expecting that the stock will reach $114.31 within the year. $102.69's average target is -5.39% below currents $108.54 stock price. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 8,026 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $93.52, for a total value of $45,824.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 545,698 shares of company stock valued at $53,303,734. Following the completion of the transaction, the insider now owns 154,406 shares of the company's stock, valued at approximately $15,286,194.

ILLEGAL ACTIVITY WARNING: This piece was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another domain, it was illegally copied and republished in violation of USA and global copyright law. The correct version of this piece of content can be accessed at https://www.thelincolnianonline.com/2017/11/21/turner-investments-llc-sells-3610-shares-of-salesforce-com-inc-crm.html. The firm has "Buy" rating given on Thursday, November 19 by Pivotal Research.

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Inc (NYSE:CRM) had its target price increased by stock analysts at Barclays PLC from $101.00 to $117.00 in a research note issued to investors on Thursday, November 2nd. Goldman Sachs Group, Inc. Overall, the share price is up 3.62% so far this year. Northland Securities reaffirmed a "buy" rating and issued a $105.00 price objective on shares of Salesforce.com in a research note on Wednesday, August 23rd. Baird reissued a "buy" rating and issued a $110.00 target price (up from $100.00) on shares of Salesforce.com in a report on Wednesday, August 23rd.

A price target is the projected price level of a financial security stated by an investment analyst.

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