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Published: Thu, May 25, 2017
Economy | By Melissa Porter

Salesforce.com, inc. (CRM) Hit 52-Week High

Salesforce.com, inc. (CRM) Hit 52-Week High

Finally, William Blair reaffirmed an "outperform" rating on shares of salesforce.com, inc.in a report on Wednesday, February 22nd. (NYSE:CRM) has risen 6.00% since April 18, 2017 and is uptrending. About 6,896 shares traded.

2,680 shares of Salesforce Com Inc were unloaded by Maynard Webb, the firm's director. It also reduced Mid Amer Apt Cmntys Inc (NYSE:MAA) stake by 146,280 shares and now owns 60,838 shares. Salesforce Com Inc now has $63.08 billion valuation. (NYSE:CRM). Ledyard Bancorporation accumulated 1,087 shares. The stock of salesforce.com, inc.

The stock of salesforce.com, inc. Sumitomo Mitsui Asset Management Company LTD now owns 1,147,166 shares of the CRM provider's stock worth $81,827,000 after buying an additional 931,087 shares during the last quarter.

Analysts' mean recommendation for Salesforce.com, inc. The stock added 1.20% beyond one week and declined -7.69% during previous one month session. Private Bank & Trust Co. acquired a new stake in salesforce.com, inc. during the first quarter valued at approximately $200,000. (NYSE:CRM) rating on Thursday, November 19. The Texas-based Doliver Capital Advisors Inc. has invested 0.38% in the stock.

Cap Research Global Investors has 0.21% invested in salesforce.com, inc. (NYSE:CRM) a mean recommendation of 1.80. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

On Monday, May 1st, Marc Benioff sold 30,000 shares of salesforce.com, inc. stock. On Friday, November 20 the stock rating was maintained by DA Davidson with "Neutral". This is an increase of 121% compared to the typical daily volume of 3,030 put options.

Salesforce enjoyed a nice first quarter of 2017, beating analyst expectations for both revenue and profit while raising guidance for the full year.

Looking forward, for the quarter ending Jul-17, 36 analysts have a mean sales target of 2,482.06 million. Its last 5-Year EPS growth stands at 48.20% with earnings growth of 23.40% yoy.

Revenues rose 24.6% from a year ago to $2.39 billion, also topping analysts' view for $2.35 billion.

Analysts on average were expecting a profit of $1.29 per share on revenue of $10.19 billion, according to Thomson Reuters I/B/E/S. Stanley reported 0.82% in salesforce.com, inc. "(CRM)" was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another website, it was stolen and reposted in violation of USA & worldwide copyright legislation.

Bedrijfstakpensioenfonds Voor De Media Pno decreased Salesforce.Com Inc (CRM) stake by 88.33% reported in 2016Q4 SEC filing.

Several analysts recently issued reports on CRM shares. The 52-week range of the share price is from $66.43 - $90.28. Piper Jaffray Companies reissued an "overweight" rating and issued a $100.00 target price on shares of salesforce.com, inc.in a research report on Sunday. The firm has "Outperform" rating given on Thursday, November 19 by Northland Capital. 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 note on Monday.

In related news, insider Alexandre Dayon sold 1,609 shares of the stock in a transaction dated Monday, February 27th. Harris Parker sold $80,588 worth of stock or 989 shares. The biggest holder now is Marc Benioff who owns 34,185,300 shares (4.81% of those outstanding), whilst Ms. Magdalena Yesil holds 2,115,415 (0.30% of shares outstanding) and Craig Ramsey holds 1,325,883 (0.19% of shares outstanding). Another trade for 10,000 shares valued at $830,155 was sold by BLOCK KEITH. The disclosure for this sale can be found here. Manning & Napier Advisors LLC now owns 1,841,411 shares of the CRM provider's stock worth $131,347,000 after buying an additional 1,324,985 shares during the last quarter. The short ratio in the company's stock is documented at 3.67 and the short float is around of 2.22%.

The current consensus rating for salesforce.com, inc. The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.

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