Salesforce.com, inc. (CRM) Issues FY18 Earnings Guidance

Ashley Carr
May 20, 2017

(NYSE:CRM) or 26.77M shares. $51.06 million flowed into the stock on the tick-up and $33.75 million flowed out of the stock on the tick-down, for a money net flow of $17.31 million into the stock. Currently, sell-side analysts are expecting Salesforce.com Inc (NYSE:CRM) to report quarterly EPS of $0.11.

On 5/17/2017 Marc Benioff, Chairman, sold 20,000 with an average share price of $89.11 per share and the total transaction amounting to $1,782,200.00. Alyeska Investment Group L.P. now owns 2,319,782 shares of the CRM provider's stock worth $158,812,000 after buying an additional 1,325,998 shares during the last quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. They now have a United States dollars 110 price target on the stock. (CRM) Stock Stalls After Ho-Hum Q1 Earnings" on May 18, 2017, also Wsj.com with their article: "Salesforce Earnings: "What to Watch" published on May 18, 2017, Seekingalpha.com published: "Salesforce.com: "On The Road To "Sticky" on May 07, 2017.

In February, the company had projected GAAP earnings of $0.05 to $0.07 a share on sales of $10.15 billion to $10.20 billion. The disclosure for this sale can be found here. The lowest 12-month price target for the shares is $66.00, which would be decrease of about -25% of its current value. Corporate insiders own 6.70% of the company's stock. "We're absolutely taking share", Salesforce president and operating chief Keith Block said in an interview.

Previously Salesforce.Com Inc (NYSE:CRM) reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. (NYSE:CRM). Ems Capital LP holds 4.7% of its portfolio in salesforce.com, inc. The stock has "Buy" rating by BTIG Research on Thursday, September 10. Roos John Victor sold $11,628 worth of salesforce.com, inc. Credit Suisse analysts stated on 27/04/2017 that they launched coverage on this stock with Outperform rating.

Investors may also be paying close attention to some simple moving average indicators on shares of Salesforce.com, inc. One investment analyst has rated the stock with a sell rating, five have given a hold rating and forty-one have given a buy rating to the company. salesforce.com, inc. presently has an average rating of "Buy" and an average price target of $94.96. The company has a market capitalization of $61.79 billion, a price-to-earnings ratio of 335.92 and a beta of 1.42.

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Inc (NYSE:CRM) shares traded -0.1% down during most recent session to reach at the closing price of $87.75. Stock traders bought 20,233 call options on the stock.

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. That's compared to consensus estimates for earnings of $1.29 per share and $10.19 billion, respectively. On a GAAP basis, the Company had net income of $8.9 million, or $10.0 million when adjusted for proxy contest-related expenses*, in the first quarter of 2017, compared with $8.7 million, in last year's first quarter.

Based on their most recently released notes to investors, 19 analysts have a rating of "buy", 22 analysts "outperform", 3 analysts "hold", 1 analysts "underperform" and 0 analysts "sell".

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. About shares traded. Heat Biologics Inc (NASDAQ:HTBX) has risen 6.00% since April 19, 2017 and is uptrending. A recommendation of 1 or 2 would represent a consensus Buy. APG Asset Management N.V. owned about 0.17% of salesforce.com, inc. worth $97,967,000 as of its most recent SEC filing. Two Sigma Advisers LP increased its position in shares of salesforce.com, inc.by 639.2% in the third quarter. On Saturday, February 25 Robbins Cynthia G. sold $70,647 worth of salesforce.com, inc. Vanguard Group Inc. increased its position in shares of salesforce.com, inc.by 4.7% in the first quarter. Over the last quarter, insiders have sold 997,585 shares of company stock valued at $83,409,993.

Valvoline Inc. (NYSE:VVV) is another stock that is grabbing investors attention these days. If you are accessing this story on another domain, it was stolen and reposted in violation of United States and global trademark & copyright laws. The correct version of this piece can be read at https://www.themarketsdaily.com/2017/05/19/traders-buy-salesforce-com-inc-crm-on-weakness-following-insider-selling-updated-updated-updated.html.

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