That suggests something of the likelihood of a short squeeze in shares of CRM. Intrust Bank NA's holdings in salesforce.com, inc. were worth $731,000 at the end of the most recent reporting period. For the last month, company shares are 5.09%. Total cash, cash equivalents and marketable securities finished the quarter at $3.22 billion. Benchmark Co. increased their price target on shares of salesforce.com, inc. from $100.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday. It fall, as 89 investors sold salesforce.com, inc. shares while 255 reduced holdings. It seems he is very active lately as in the last 30 days, he quietly sold additional 120,000 shares of the company, worth $10,516,932 United States dollars.
03/23/2017 - Salesforce.com Inc had its " rating reiterated by analysts at Robert W. Baird.
For example, last year the company posted modest profits in all but one of its quarters, whereas in 2015/16 the biz was firmly in the red except for the first three months of the year. Calamos Wealth Management Lc owns 0.38% invested in salesforce.com, inc. Citi Trends, Inc. (NASDAQ:CTRN) distance from 200-day simple moving average (SMA200) is -4.44%.
Salesforce.com, inc.(CRM) shares saw a recent bid of $87.75 and 9.86M shares have exchanged hands in the recent trading session, yielding a 0.05% gain over the past week. Stock investors acquired 20,233 call options on the company. This represents an increase of 165% compared to the average daily volume of 7,630 call options.
According to analysts Salesforce.Com Inc (NYSE:CRM)'s minimum EPS for the current quarter is at $0.24 and can go high up to $0.28.
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The cloud juggernaut posted a net loss of $9.2m for the quarter, with Q1 revenue increasing 25% to $2.4bn, deferred revenue for the quarter stood at $5bn, up 26% on the previous year. The company provided EPS guidance of $1.28-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29.
The cloud CRM company dipped back into the red but revenue is on the rise. Goldman Sachs Group Inc downgraded shares of salesforce.com, inc. from a conviction-buy rating to a buy rating and boosted their target price for the stock from $79.10 to $96.00 in a report on Wednesday, February 1st.
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Several other analysts have also recently issued reports on CRM.
Following up a strong 2016 performance, Salesforce (NYSE:CRM) sustained its growth momentum with impressive Q1 results and managed to exceed market expectations for revenue and earnings per share (EPS) by almost 2% and 8%, respectively. Breaking those down we see that the ratings are as follows: 27 Strong Buy, 1 Rated Buy, 2 Rated Hold and 0 Rated Sell. Janus Capital Management LLC boosted its position in shares of salesforce.com, inc.by 21.6% in the first quarter. The firm has "Buy" rating given on Tuesday, September 1 by Cantor Fitzgerald. On Wednesday, April 5 WEBB MAYNARD G JR sold $199,325 worth of salesforce.com, inc. Zacks Research also uses an analyst ratings scale that ranges from 1 to 5. Analyst's mean target price for the firm is $19.50 while analysts mean recommendation is 3.00. (NYSE:CRM). Financial Architects has 4,000 shares for 0.06% of their portfolio. Jennison Associates LLC now owns 20,758,784 shares of the CRM provider's stock worth $1,480,724,000 after buying an additional 649,445 shares during the period. Also, Chairman Marc Benioff sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $80.84, for a total transaction of $697,164.16. Following the completion of the transaction, the director now owns 31,048 shares in the company, valued at approximately $2,794,630.48. The disclosure for this sale can be found here. The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.