It turned negative, as 89 investors sold CRM shares while 255 reduced holdings. (NYSE:CRM). Pinebridge Invs Lp holds 0.01% of its portfolio in salesforce.com, inc.
Several hedge funds and other institutional investors have recently made changes to their positions in the company.
Recent Trading for salesforce.com, inc. The stock has a 50 day moving average price of $85.32 and a 200 day moving average price of $78.87. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $90.28. salesforce.com, inc. also was the target of unusually large options trading activity on Tuesday. Atria Investments LLC now owns 7,366 shares of the CRM provider's stock valued at $608,000 after buying an additional 367 shares in the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of salesforce.com, inc.by 1.0% in the first quarter.
In terms of earnings per share, 40 analysts have a 0.31 EPS mean target for the quarter ending Jul-17, for the quarter ending Oct-17, 40 analysts have a 0.35 EPS mean target and for the quarter ending Oct-17 there are 46 estimates of 0.98 EPS. Pivotal Research maintained salesforce.com, inc. APG Asset Management N.V. now owns 1,602,681 shares of the CRM provider's stock worth $114,319,000 after buying an additional 33,349 shares in the last quarter. Hedge funds and other institutional investors own 83.13% of the company's stock. $146,099 worth of salesforce.com, inc.
The number of shares traded in the last trading session was 5.61 Million. Scotia holds 54,835 shares or 0.06% of its portfolio. The 6 months bullish chart indicates low risk for the $62.82 billion company.
Recent Insider Trading for salesforce.com, inc.
Analysts had estimated earnings of 26 cents per share, excluding items, on revenue of $2.35 billion for the latest quarter. Its last 5-Year EPS growth stands at 48.20% with earnings growth of 23.40% yoy. The firm's quarterly revenue was up 26.8% compared to the same quarter past year. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of United States and global copyright legislation. (NYSE:CRM). De Burlo Gru Incorporated reported 0.14% in salesforce.com, inc. (NYSE:CRM). Main Street Research Limited Liability Company reported 97,062 shares or 1.29% of all its holdings. Texas Permanent School Fund reported 0.17% in salesforce.com, inc. Wedbush restated an "outperform" rating and set a $102.00 price objective on shares of salesforce.com, inc.in a research report on Monday. They issued an outperform rating and a $110.00 target price for the company. Ltd. now owns 1,026,327 shares of the CRM provider's stock worth $73,208,000 after buying an additional 16,976 shares in the last quarter. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-two have given a buy rating to the company's stock. The company has a consensus rating of Buy and an average price target of $94.72. (NYSE:CRM). Cambridge Inv Rech Advsrs invested 0.03% in salesforce.com, inc.
On 5/16/2017 Maynard G Webb Jr, Director, sold 2,680 with an average share price of $90.01 per share and the total transaction amounting to $241,226.80. Following the purchase, the director now owns 25,554 shares of the company's stock, valued at $2,087,250.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
On 5/16/2017 Marc Benioff, CEO, sold 10,000 with an average share price of $89.80 per share and the total transaction amounting to $898,000.00. The company has grown 7.55% in past 3 months and in the last five trades has moved up 0.61%. Insiders own 6.70% of the company's stock.
Salesforce's Service Cloud business, which provides technology to help businesses run customer-service operations, generated $651.2 million in revenue, a 21% gain.