Shares of Salesforce.com, inc.(NYSE:CRM) have seen a movement of -0.20% in the most recent session. The fund owned 4,420 shares of the CRM provider's stock after selling 3,610 shares during the quarter.
Research brokerages are projecting Salesforce.com, inc. Hedge funds and other institutional investors own 86.39% of the company's stock. About 10,535 shares traded. salesforce.com, inc. The Davide Leone & Partners Investment Company Llp holds 909,698 shares with $78.78 million value, down from 947,498 last quarter. Salesforce.com's revenue for the quarter was up 25.7% compared to the same quarter a year ago.
How has the stock performed recently? The stock had a trading volume of 5,573,262 shares, compared to its average volume of 4,366,471. Finally, Winslow Capital Management LLC lifted its holdings in Salesforce.com by 12.0% in the second quarter. The 20-day RSI for CRM is 73.03%, which suggests that the stock may be primed for a trend reversal or a corrective pullback in price. A low current ratio (when the current liabilities are higher than the current assets) indicates that the company may have trouble paying their short term obligations. Moreover, Philadelphia Financial Management Of San Francisco Llc has 2.55% invested in the company for 1.40 million shares. Salesforce.com Inc has a fifty-two week low of $66.43 and a fifty-two week high of $109.00.
Bank of America now has a $125 target price on the $78.01 billion market cap company or 15.16 % upside potential. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The high and low revenue estimates for the current quarter are $2.29 Billion and $2.27 Billion, respectively. After $-0.12 actual EPS reported by Shotspotter Inc for the previous quarter, Wall Street now forecasts -58.33% EPS growth. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and worldwide trademark and copyright laws. The original version of this piece can be read at https://stocknewstimes.com/2017/11/21/cedar-capital-llc-has-438000-stake-in-salesforce-com-inc-crm.html. Citigroup maintained the shares of CRM in report on Thursday, September 1 with "Buy" rating. Finally, Deutsche Bank AG restated a buy rating and issued a $90.00 target price (down previously from $95.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. De Burlo Group Inc who had been investing in Salesforce Com Inc for a number of months, seems to be bullish on the $77.32B market cap company. Piper Jaffray Companies restated a "buy" rating and set a $115.00 target price on shares of Salesforce.com in a research note on Wednesday, November 1st. The stock is now has its Return on Assets (ROA) value of 15 Percent.
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Now insiders hold 38,599,280 shares in the business which makes up 5.37% of shares. The shares were sold at an average price of $99.00, for a total transaction of $12,308,769.00. (NYSE:CRM). 2.65 million are owned by Ubs Asset Mgmt Americas. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
In other news, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $105.90, for a total transaction of $26,475.00. The disclosure for this sale can be found here. (NYSE:CRM) are owned by insiders with 88.70% six-month change in the insider ownership.
Salesforce.com Inc reported a 25 percent jump in quarterly revenue, helped by strong demand for its cloud-based sales and marketing software. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Salesforce Platform, the world's first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. It is positive, as 50 investors sold CRM shares while 226 reduced holdings.