William Blair Weighs in on Salesforce.com's Q1 2019 Earnings (CRM)

Clay Curtis
April 30, 2018

Since October 27, 2017, it had 4 insider purchases, and 146 sales for $89.14 million activity. (NYSE:CRM) for 2,211 shs. (NYSE:CRM) on Thursday, September 17 with "Sell" rating.

In other Salesforce.com news, Director Craig Conway sold 400 shares of the stock in a transaction dated Monday, August 15th. Shares for $223,650 were sold by Harris Parker on Tuesday, March 13. On Thursday, April 12 BLOCK KEITH had sold 10,000 shs worth $1.20 million. The stock was sold at an average price of $112.40, for a total transaction of $207,940.00. Analysts have a mean recommendation of 2.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 42% are positive. Finally, Stephens started coverage on Salesforce.com in a report on Tuesday, August 2nd. (NYSE:CRM) on Thursday, May 19 with "Market Outperform" rating. The firm has "Underperform" rating by Credit Suisse given on Tuesday, February 6. Barclays raised their price objective on Salesforce.com from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Wednesday, March 21st. They issued a "buy" rating and a $152.00 target price for the company.

Analysts await salesforce.com, inc. On Friday, November 3 the firm earned "Outperform" rating by BMO Capital Markets. (NYSE:CRM) traded up 2.60% during midday trading on Monday, reaching $76.30. The company was maintained on Thursday, September 1 by Barclays Capital. Triangle Secs Wealth holds 0.7% of its portfolio in salesforce.com, inc. And, It's sure John's deal isn't going to remain undiscovered as he presently is possessing 13,982 shares - ( 0.00% of Salesforce Com Inc's Market Cap ). The price/earnings ratio (P/E) is a market prospect ratio which calculates the value of a stock relative to its earnings. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as connects their service agents with clients on various devices; and Marketing Cloud to plan, personalize, and optimize one-to-one customer interactions.

Jefferies Group also issued estimates for Salesforce.com's Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.27 EPS, FY2019 earnings at $1.12 EPS, Q1 2020 earnings at $0.33 EPS, Q4 2020 earnings at $0.39 EPS and FY2020 earnings at $1.65 EPS. That's change of 0.15, from 2017Q3's 1.34. 39 investors sold all, 274 reduced holdings as salesforce.com, inc. ratio dived. 261 grew positions while 110 funds bought positions. 275.51 million shares or 1.75% less from 280.42 million shares in 2017Q3 were reported. Brown Advisory holds 4.76M shares or 1.54% of its portfolio. Sheaff Brock Investment Advisors LLC now owns 2,826 shares of the CRM provider's stock valued at $289,000 after acquiring an additional 540 shares during the period. Us Comml Bank De has invested 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM) or 1.08 million shares. (NASDAQ:CASS). National Bank & Trust Of Montreal Can accumulated 3,733 shares. Jane Street Gp has 40,791 shares for 0.01% of their portfolio.

Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. (NYSE:CRM) for 174 shs. Falcon Edge Cap LP has 4.83% invested in salesforce.com, inc. Tybourne Capital Management Hk Ltd who had been investing in Salesforce Com Inc for a number of months, seems to be bullish on the $88.17B market cap company. About 570,074 shares traded or 39.64% up from the average. 400 were reported by Brandywine Glob Mgmt. (NYSE:V). Ferguson Wellman Cap Management accumulated 189,891 shares or 0.75% of the stock. Mycio Wealth Ptnrs Ltd Liability Corp stated it has 3,115 shares or 0.03% of all its holdings. (NYSE:CRM). Moreover, Washington Trust Bank & Trust has 0.01% invested in salesforce.com, inc. Plante Moran Fin Advisors Ltd Liability holds 609 shares or 0.03% of its portfolio.

American Tower (NYSE:AMT) Upgraded at Zacks Investment Research
Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. It is a positive indicator for investor portfolio value - when the price of a stock Investor owns goes up in value.

A total of 5 Billion shares exchanged at hands and its average trading volume is standing at 6.26 Million shares.

Arrowgrass Capital Partners Lp decreased Salesforce Com Inc (CRM) stake by 25.27% reported in 2017Q4 SEC filing.

Brown Brothers Harriman & Co decreased O'reilly Automotive Inc (NASDAQ:ORLY) stake by 1,464 shares to 4,875 valued at $1.17M in 2017Q4. Botty Invsts Lc owns 337 shares. United Parcel Service (NYSE:UPS) was reduced too. Johnson Investment Counsel Inc invested 0.05% in Visa Inc. Its up 0.06, from 1.07 in 2017Q3. 100 funds opened positions while 348 raised stakes. Lpl Financial Limited Liability Com reported 0.05% in General Motors Company (NYSE:GM). Rhumbline Advisers has 0.09% invested in The Kroger Co. (NYSE:HBI) to report earnings on May, 1 after the close. Orrstown accumulated 35 shares. Tybourne Capital Management Hk Ltd bought 945,000 shares as the company's stock rose 10.89% while stock markets declined. It increased, as 55 investors sold V shares while 605 reduced holdings. Price T Rowe Associate Md reported 1.25M shares or 0.02% of all its holdings. Neville Rodie Shaw holds 118,411 shares. Cwm Limited Liability Corporation holds 0% or 633 shares. Private Advisor Grp Incorporated Ltd Liability Com holds 9,442 shares. (NYSE:KR). Korea invested 0.06% of its portfolio in The Kroger Co.

Marble Arch Investments Lp, which manages about $1.96 billion and $1.30 billion US Long portfolio, decreased its stake in Servicemaster Global Hldgs I (NYSE:SERV) by 786,943 shares to 2.28 million shares, valued at $116.69 million in 2017Q4, according to the filing. Insiders have sold 384,840 shares of company stock valued at $45,596,800 in the last ninety days. Benioff Marc sold $1.11 million worth of stock. Clark Robert W sold $325,292 worth of stock. (NYSE:CRM). Alphaone Ser Ltd holds 0.08% of its portfolio in salesforce.com, inc. Therefore 46% are positive. Salesforce.com had 68 analyst reports since October 31, 2017 according to SRatingsIntel. The rating was maintained by SunTrust with "Buy" on Thursday, October 26. The rating was maintained by UBS with "Buy" on Tuesday, November 7. On Wednesday, November 22 the stock has "Buy" rating by Goldman Sachs. The company was maintained on Thursday, October 19 by Piper Jaffray.

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