Salesforce.com, inc. Posted losses of -2.13% in the Last Trade

Why Salesforce Is a Distinct Investment Option in the SaaS Space

Salesforce.com, Inc. (CRM) Stock Stalls After Ho-Hum Q1 Earnings

The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Shares are trading 4.02% above their 50-day moving average, and 13.02% below their 200-day moving average. On Thursday, December 8 the insider Benioff Marc sold $897,401. Finally, Grassi Investment Management raised its stake in shares of salesforce.com, inc.by 18.5% in the first quarter. The share price is now up 7.55% for the past three months. Northland Capital maintained salesforce.com, inc. On Tuesday, February 28 Allanson Joe sold $47,352 worth of salesforce.com, inc. The insider shares are valued at close to $241,227 which has been calculated on the basis of the average transactions stock price ($90.0 of a share). For the most recent quarter, quick ratio was 0.8, current ratio was 0.8, LT Debt/Equity ratio was 0.36 and Total Debt/Equity ratio was 0.36.

Shares of Salesforce.com, inc.

On Tuesday, April 25th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. Independent Portfolio Consultants reported 6 shares or 0% of all its holdings. The shares were sold at an average price of $84.86, for a total transaction of $848,600.00. The Fund also invests in equity securities issued by companies in the Association of Southeast Asian Nations (the ASEAN Group) countries. The CRM provider reported $0.02 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.25 by $0.23. The firm had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. However the company reported $0.24 earnings per share for the same quarter during previous year.

Analysts on an average were expecting a profit of $1.29 per share on revenue of $10.19 billion, according to Thomson Reuters I/B/E/S.

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WARNING: This piece of content was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this report on another publication, it was illegally copied and republished in violation of global trademark & copyright laws. (NYSE:CRM) shares have seen a move of 31.10%. The current trading pattern for the stock is very telling when one looks at the overall sentiment of analysts. But 451 Research's Kingstone said there's no urgency for Salesforce.com to diversify out of sales and marketing. This was up from $167.53 million, or $0.24 per share, in last year's first quarter. APG Asset Management N.V. boosted its stake in salesforce.com, inc.by 2.1% in the third quarter. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and forty-two have issued a buy rating to the company's stock. Moreover, Bridgecreek Inv Ltd Llc has 1.85% invested in salesforce.com, inc.

In terms of Buy, Sell or Hold recommendations, Salesforce.Com Inc (NYSE:CRM) has analysts' mean recommendation of 1.8. It is negative, as 89 investors sold salesforce.com, inc. shares while 255 reduced holdings.

Sumitomo Mitsui Asset Management Company Ltd decreased Intuit (NASDAQ:INTU) stake by 3,626 shares to 363,499 valued at $41.66 million in 2016Q4. The 6 months bullish chart indicates low risk for the $62.82 billion company. Hedge funds and other institutional investors own 83.13% of the company's stock. (NYSE:CRM) earned "Outperform" rating by Macquarie Research on Tuesday, April 26. Numis Securities upgraded the stock to "Hold" rating in Monday, August 24 report. Vetr raised shares of salesforce.com, inc. from a "hold" rating to a "buy" rating and set a $95.22 price target for the company in a research report on Monday. The 52-week range of the share price is from $66.43 - $90.28. Drexel Hamilton reiterated a "buy" rating and issued a $100.00 price target on shares of salesforce.com, inc.in a research note on Monday. The stock has an average rating of "Buy" and a consensus target price of $94.72.

Salesforce.com's software helps businesses organize and handle sales operations and customer relationships. The Company's service offerings are configured and integrated with other platforms and enterprise applications.

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