A higher P/B ratio of Salesforce.com, inc.is signposting that the investors have either overvalued it, or that its accountants have undervalued it. Ltd.'s portfolio, making the stock its 28th largest holding. (CRM) worth $3.01 billion at the end of the most recent reporting period.
Institutional investors and hedge funds have recently modified their holdings of the company. Salesforce.com's revenue for the quarter was up 25.0% compared to the same quarter previous year. Capital Analysts LLC now owns 1,266 shares of the CRM provider's stock valued at $110,000 after acquiring an additional 156 shares in the last quarter. Jennison Associates LLC boosted its stake in Salesforce.com by 17.0% during the second quarter. The firm now has an outperform rating on the CRM provider's stock. Thrivent Financial For Lutherans owns 0.86% invested in salesforce.com, inc. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider's stock worth $3,996,548,000 after buying an additional 2,268,623 shares in the last quarter. (NYSE:CRM). Clearbridge Investments Ltd Liability Corporation has 0% invested in salesforce.com, inc. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider's stock valued at $1,092,000 after purchasing an additional 38 shares in the last quarter. Capital Analysts LLC raised its position in Salesforce.com by 14.1% during the second quarter.
The stock increased 1.28% or $0.14 during the last trading session, reaching $11.09.
TRADEMARK VIOLATION NOTICE: This report was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright laws. Triangle Wealth Mgmt holds 0.67% of its portfolio in salesforce.com, inc.
Several brokerages recently weighed in on CRM. (NYSE:CRM) has "Buy" rating given on Thursday, May 19 by Goldman Sachs. (The) set a $121.00 price objective on Salesforce.com and gave the company a "buy" rating in a report on Friday, November 17th. The average investment rating for CRM on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.88 or a Moderate Buy.
In other news, Vice Chairman Keith Block sold 7,641 shares of Salesforce.com stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $109.02, for a total value of $19,705,146.96. Noting its average daily volume at 4.27 million shares each day over the month, this signifies a pretty significant change over the norm. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
In other news, Director Craig Conway sold 250 shares of the business's stock in a transaction that occurred on Wednesday, November 15th. The firm owned $47.24 million shares of the company's stock after selling 6.88 million shares during the period. The disclosure for this sale can be found here. People s United Financial Inc. now owns 1,465 shares of the CRM provider's stock valued at $127,000 after buying an additional 550 shares in the last quarter. Company insiders own 6.20% of the company's stock.
COPYRIGHT VIOLATION WARNING: "Salesforce.com Inc (CRM) Downgraded by Vetr Inc.to Sell" was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. The stock is now has its Return on Assets (ROA) value of 15 Percent. Salesforce.com had 179 analyst reports since August 21, 2015 according to SRatingsIntel. The firm has a market cap of $77,166.82, a PE ratio of 536.85, a price-to-earnings-growth ratio of 10.65 and a beta of 1.24.
(NYSE:CRM) last released its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.02.
Average Revenue Estimate of the company for the current Fiscal Quarter is $865.34 Million, according to consensus of 18 analysts. The Return on Equity (ROE) value stands at -1%. Three months ago, analysts assigned CRM a 4.82 rating, which implies that analysts have become more optimistic about the outlook for the stock over the next year.
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