salesforce.com, inc. (NYSE:CRM) – Research analysts at SunTrust Banks cut their Q2 2020 EPS estimates for shares of salesforce.com in a research report issued to clients and investors on Tuesday, April 16th. SunTrust Banks analyst T. Tillman now forecasts that the CRM provider will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.34. SunTrust Banks has a “Buy” rating and a $183.00 price target on the stock. SunTrust Banks also issued estimates for salesforce.com’s Q3 2020 earnings at $0.31 EPS, Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $1.00 EPS and FY2021 earnings at $1.58 EPS.
Several other research analysts have also recently issued reports on CRM. Zacks Investment Research cut shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. set a $180.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird lifted their target price on shares of salesforce.com from $165.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. Mizuho began coverage on shares of salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 target price for the company. Finally, Exane BNP Paribas began coverage on shares of salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. salesforce.com currently has an average rating of “Buy” and an average target price of $177.82.
NYSE:CRM opened at $155.34 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $119.73 billion, a P/E ratio of 107.13, a price-to-earnings-growth ratio of 5.34 and a beta of 1.39. salesforce.com has a one year low of $113.60 and a one year high of $166.99.
salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the business. CX Institutional boosted its position in shares of salesforce.com by 426.5% in the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 145 shares during the period. Patriot Financial Group Insurance Agency LLC bought a new position in shares of salesforce.com in the fourth quarter worth approximately $28,000. Legacy Advisors LLC bought a new position in shares of salesforce.com in the first quarter worth approximately $36,000. Spectrum Management Group Inc. bought a new position in shares of salesforce.com in the first quarter worth approximately $38,000. Finally, Kessler Investment Group LLC bought a new position in shares of salesforce.com in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 83.02% of the company’s stock.
In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $152.15, for a total value of $760,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark J. Hawkins sold 15,271 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $165.08, for a total transaction of $2,520,936.68. Following the completion of the transaction, the insider now owns 25,254 shares of the company’s stock, valued at $4,168,930.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 437,638 shares of company stock valued at $69,176,551. 6.00% of the stock is owned by corporate insiders.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
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