Is Salesforce.com, inc. (CRM) Running Out of Gas?

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They now have a Dollars 105 price target on the stock.

Several other analysts have also recently issued reports on CRM. At the moment, Stephen Delinsky owns 2,985 shares which are equivalent to around 0.05% of the company's market cap (share price times the number of shares outstanding). Moreover, Next Grp Inc has 0% invested in salesforce.com, inc. RB Capital Management LLC now owns 14,290 shares of the CRM provider's stock valued at $1,179,000 after buying an additional 90 shares during the last quarter. Vetr raised salesforce.com, inc. from a "hold" rating to a "buy" rating and set a $95.22 target price on the stock in a research report on Monday. (NYSE:CRM). Ems Capital LP holds 4.7% of its portfolio in salesforce.com, inc.

Shares of Salesforce were last seen up 1% at $88.62 on Friday, with a consensus analyst price target of $97.89 and a 52-week trading range of $64.43 to $90.95.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for salesforce.com, inc. the EPS stands at 0.28 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.26, suggesting the stock exceeded the analysts' expectations. The stock has a market capitalization of $62.06 billion, a price-to-earnings ratio of 337.38 and a beta of 1.42. salesforce.com, inc. also was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 20,233 call options on the stock. This represents an increase of 165% compared to the average daily volume of 7,630 call options. The CRM provider reported $0.28 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.02.

The company surprised Wall Street three months ago, forecasting first-quarter deferred-revenue growth of 22% to 23%, a sign that billings growth wouldn't be as robust as some analysts expected. Janus Capital Management LLC now owns 8,844,260 shares of the CRM provider's stock worth $605,886,000 after buying an additional 1,727,696 shares during the last quarter.

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The current consensus rating on salesforce.com, inc. Needham & Company LLC started coverage on shares of salesforce.com, inc.in a report on Wednesday, February 15th. "(CRM) Rating Reiterated by Stifel Nicolaus" was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this story on another domain, it was stolen and reposted in violation of U.S. and worldwide trademark & copyright laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/05/19/intrust-bank-na-increases-stake-in-salesforce-com-inc-crm.html. 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 $82.00, for a total value of $820,000.00. (NASDAQ:VKTX) traded 59219 shares and was closed at $1.22 per share. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Allanson Joe sold $48,700 worth of stock or 657 shares. Following the transaction, the director now directly owns 31,048 shares in the company, valued at $2,794,630.48. The disclosure for this sale can be found here. The stock has been active on the tape, now trading at $87.75, down from yesterday's close by -0.10%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Total sales in the first quarter ended April 29, 2017 increased 3.2% to $200.0 million compared with $193.7 million in the first quarter ended April 30, 2016. 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.

Tekne Capital Management Limited Com stated it has 3.21% of its portfolio in salesforce.com, inc. (NYSE:CRM). Public Sector Pension Investment Board owns 166,546 shares. (NYSE:CRM) were released by: Marketwatch.com and their article: "Salesforce beats on earnings, raises guidance" published on May 18, 2017 as well as Fool.com's news article titled: "Salesforce.com Inc". As the company realizes the costs related to these acquisitions over the year ahead, we expect margins to suffer. Finally, Crestwood Advisors Group LLC acquired a new position in shares of salesforce.com, inc. during the first quarter worth about $184,000.

Since November 21, 2016, it had 6 buys, and 186 insider sales for $152.54 million activity.

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