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Main » Salesforce.com Inc (CRM) Receives "Buy" Rating from Drexel Hamilton

Salesforce.com Inc (CRM) Receives "Buy" Rating from Drexel Hamilton

05 January 2017
Salesforce.com Inc (CRM) Receives

(NYSE:CRM) by 4.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The insider owns 2,115,415 shares as of 0.3%, now worth $154002212.

Other research analysts also recently issued reports about the company. NEXT Financial Group Inc raised its stake in shares of Salesforce.com by 2.3% in the third quarter. Integrated Investment Consultants LLC boosted its position in shares of Salesforce.com by 1.3% in the second quarter.

Dell Technologies Inc.'s (DVMT) price volatility for a month noted as 2.06% however its price volatility for a week documented as 1.56%. LLC increased its stake in shares of Salesforce.com by 278.4% in the third quarter. Boltwood Capital Management now owns 10,885 shares of the CRM provider's stock valued at $864,000 after buying an additional 685 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Salesforce.com by 54.4% in the second quarter. Fulton Bank N.A. now owns 12,763 shares of the CRM provider's stock valued at $1,014,000 after buying an additional 38 shares in the last quarter. The stock is now moving above its 20-Day Simple Moving Average of -5.95% with the 50-Day Simple Moving Average of -5.95 percent.

Inc (NYSE:CRM) traded up 3.20% on Wednesday, hitting $72.80. Comparatively, growth in the past five years was 16.42 percent (per annum). Salesforce.com Inc. has a 12 month low of $52.60 and a 12 month high of $84.48. The Stock opened its session at $69.36 and closed at $68.46 by showing decrease of -1 percent. salesforce.com, inc. has 1 year price target of $94.43. The stock's 50 day moving average is $71.53 and its 200-day moving average is $75.55.

For the current quarter, the highest estimate analysts provided is 2.29 Billion and the lowest is 2.27 Billion. The Return on Equity (ROE) value stands at 3.5%. The business's revenue was up 25.3% on a year-over-year basis.

In the last trading session, The Company traded 9.29 Million shares.

Many Analysts provided their foresight on Revenue Estimates of salesforce.com, inc. where they believe that the company has the potential to earn average revenue of $2.28 Billion for the current quarter.

Several equities analysts have commented on the stock. DA Davidson set a $86.00 price objective on Salesforce.com and gave the company a hold rating in a research note on Sunday, September 11th. Finally, MKM Partners reiterated a "buy" rating and issued a $93.00 target price on shares of Salesforce.com in a research report on Thursday, December 1st. The highest analyst price target is $110.00, which implies a rally of 49 percent.

Besides its $3 billion acquisition of Demandware, Salesforce.com's 2016 acquisitions included marketing data specialist Krux for a reported $700 million; business analytics platform BeyondCore; and startup Quip, a cloud-based word processing app, for $582 million. (NYSE:CRM) recently. The rating firm issued a Buy rating to this company in a research note released on Oct 18, 2016. Also, Chairman Marc Benioff sold 12,500 shares of the company's stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $73.73, for a total transaction of $42,542.21. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider's stock valued at $149,000 after buying an additional 44 shares during the last quarter. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The stock was sold at an average price of $72.33, for a total transaction of $904,125.00. The stock tumbled -14.24 percent over the last 6 months. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company's stock.