Salesforce.com Inc (CRM) Rating Increased to Buy at Zacks Investment Research

Javier Howell
August 24, 2017

Its up 0.19, from 0.81 in 2016Q3. (NYSE:CRM) on Thursday, March 16. Swiss Bankshares reported 86,400 shares or 0% of all its holdings.

Among 47 analysts covering Salesforce.com (NYSE:CRM), 41 have Buy rating, 1 Sell and 5 Hold. Zweig, Alabama-based fund reported 65,248 shares. Jacobs Asset Management Llc owns 84,549 shares or 0.61% of their U.S. portfolio. Parallax Volatility Advisers Limited Partnership reported 578,326 shares stake. On average, Wall Street is looking for $1.30 per share on sales of $1.29 billion. Principal Inc holds 4.78M shares or 0.26% of its portfolio. WEBB MAYNARD G JR also sold $60,300 worth of salesforce.com, inc. (NYSE:CRM). 21,702 were accumulated by Cambridge Investment Advsr. New England Mngmt Inc holds 0.34% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 80,840 shares. Commerzbank Aktiengesellschaft Fi has 171,945 shares.

The good news is there's still room for Salesforce.com, inc. As per Monday, August 24, the company rating was maintained by William Blair. Insiders have sold a total of 1,330,556 shares of company stock worth $119,743,697 over the last three months. Therefore 88% are positive. Analysts projected adjusted profit of 32 cents on revenue of $2.52 billion. As per Thursday, May 19, the company rating was maintained by JP Morgan. Mizuho maintained it with "Buy" rating and $100 target in Thursday, May 19 report. The firm has "Buy" rating by Benchmark given on Monday, May 15. The stock presently has a consensus rating of "Buy" and an average price target of $102.21.

05/19/2017 - Salesforce.com Inc had its "outperform" rating reiterated by analysts at FBN Securities. TH Capital maintained the shares of CRM in report on Thursday, November 19 with "Buy" rating. Salesforce.com has an average rating of "Buy" and an average price target of $97.98. Suvretta Capital Management Llc who had been investing in Salesforce Com Inc for a number of months, seems to be bullish on the $66.27B market cap company.

According to Zacks, "The leading CRM platform provider, Salesforce has outperformed the industry on a year-to-date basis". As per Tuesday, May 23, the company rating was maintained by Jefferies. (NYSE:CRM)'s near-term growth potential.

For the full year 2017, Salesforce anticipates EPS of $1.29 to $1.31, on $10.35 to $10.40 billion in revenue. CRM's profit will be $64.10 million for 252.11 P/E if the $0.09 EPS becomes a reality.

Salesforce.com (NYSE:CRM) opened at 92.95 on Monday.

On 8/15/2017 Craig Conway, Director, sold 250 with an average share price of $90.60 per share and the total transaction amounting to $22,650.00. (NYSE:CRM) for 15,300 shares. The insider BLOCK KEITH sold 10,000 shares worth $825,556. Raymond James Fincl Svcs Advsrs has 0.12% invested in salesforce.com, inc. Weaver Amy E had sold 745 shares worth $60,706 on Saturday, February 25. Benioff Marc sold $818,569 worth of stock. It dived, as 28 investors sold MMC shares while 218 reduced holdings. Following the completion of the sale, the executive vice president now directly owns 82,843 shares in the company, valued at $7,569,364.91. It also upped Host Hotels & Resorts Rei (NYSE:HST) stake by 103,042 shares and now owns 317,880 shares. Diversified Strategies Ltd Liability Corporation stated it has 0.3% in St. Joe Co (NYSE:JOE).

How has the stock performed recently?

About 771,405 shares traded. STANDARD CHART PLC ORD USD0.50 (OTCMKTS:SCBFF) has 0.00% since August 21, 2016 and is.

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