Now the Salesforce.com Inc (CRM) has been rated as “Buy” from “41” Analysts. (CRM) sold shares in a trading activity completed on Thursday August 25, 2016. They now have a $93.00 price objective on the CRM provider’s stock. For the preceding quarter, the company reported $0.24 EPS on $1.92 billion revenue. “3” rated the company as a “Hold”, according to WSJ data. Company has a market cap of $52,987 M. The stock volatility for week was 1.16% while for month was 1.35%.The stock, as of last close, traded 47.95% to its 52 week low and was changed -7.88% from its 52 week high. The firm has a 50-day moving average of $80.47 and a 200 day moving average of $76.21. Benioff Marc retains 35,370,500 shares in the stock after this transaction. And, It’s sure Marc’s sell isn’t going to stay unnoticed as he now is having in hand 35.37 million shares – ( 5.23% of Salesforce Com Inc’s Market Cap ). The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The stock was sold at an average price of $83.53, for a total transaction of $417,650.00. The disclosure for this sale can be found here. We make no recommendation that the securities of the companies profiled or discussed in on our website should be purchased, sold or held by investors. Finally, AMF Pensionsforsakring AB raised its position in shares of Salesforce.com by 488.5% in the first quarter. Following the transaction, the insider now owns 28,299 shares in the company, valued at $2,363,815.47. Herndon Capital Management added CRM to its portfolio by purchasing 59 company shares during the most recent quarter which is valued at $4,826. Finally, Santa Fe Partners LLC bought a new stake in shares of Salesforce.com during the fourth quarter valued at approximately $3,098,000.
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CRM has been the topic of several other research reports. Piper Jaffray Cos. reissued a “buy” rating on shares of Salesforce.com in a report on Sunday, May 22nd. Societe Generale set a $92.00 price objective on shares of Salesforce.com and gave the stock a buy rating in a report on Tuesday, May 10th.
According to Zacks Investment Research, “Salesforce.com is the market and technology leader in on-demand business services”. Company shares were Reiterated by Compass Point on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 40 from a previous price target of $36.Company shares were Reiterated by Barrington Research on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 42 from a previous price target of $33.Needham Initiated 2U Inc on Jul 15, 2016 to “Buy”, Price Target of the shares are set at $40. Out of the 48 analysts who cover salesforce stock, 41 rate it a Buy, 3 rate it an Overweight, 3 rate it a Hold, while one rate it an Underweight stock.
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Salesforce has continued to expand its reach in the software market, acquiring word processing app Quip for $582 million earlier this month and enterprise cloud commerce provider Demandware (DWRE) for $2.8 billion in June. The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.
