News headlines about Salesforce.com (NYSE:CRM) have trended somewhat positive on Sunday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Salesforce.com earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the CRM provider an impact score of 83 out of 100, indicating that recent media coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- The Salesforce.com Inc (CRM) Director John Victor Roos Sells 228 Shares – Newburgh Gazette (newburghgazette.com)
- Don’t Buy the Hype, Twitter Isn’t Dead Yet; AT&T, Verizon Prove Their Worth — ICYMI Thursday – TheStreet.com (thestreet.com)
- Interesting CRM Put And Call Options For September 8th (stockoptionschannel.com)
- Maria Martinez Sells 10,000 Shares of Salesforce.com Inc (CRM) Stock (americanbankingnews.com)
- Noteworthy Thursday Option Activity: GS, CHTR, CRM – Nasdaq (nasdaq.com)
CRM has been the subject of a number of recent research reports. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 target price for the company in a report on Monday, May 15th. Drexel Hamilton reaffirmed a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a report on Monday, May 15th. Benchmark Co. raised their price target on Salesforce.com from $100.00 to $110.00 and gave the company a “buy” rating in a report on Monday, May 15th. Zacks Investment Research raised Salesforce.com from a “sell” rating to a “buy” rating and set a $97.00 price target for the company in a report on Tuesday, May 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $105.00 price target (up from $100.00) on shares of Salesforce.com in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $97.41.
Shares of Salesforce.com (NYSE:CRM) opened at 90.62 on Friday. Salesforce.com has a one year low of $66.43 and a one year high of $92.13. The stock’s 50 day moving average price is $88.36 and its 200-day moving average price is $84.69. The company has a market cap of $64.54 billion, a PE ratio of 479.47 and a beta of 1.28.
Salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $0.24 EPS. Salesforce.com’s quarterly revenue was up 24.6% compared to the same quarter last year. On average, analysts expect that Salesforce.com will post $1.30 EPS for the current year.
In related news, insider Amy E. Weaver sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $90.12, for a total value of $126,168.00. Following the completion of the transaction, the insider now directly owns 17,913 shares of the company’s stock, valued at approximately $1,614,319.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amy E. Weaver sold 6,438 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $86.37, for a total transaction of $556,050.06. Following the completion of the transaction, the insider now directly owns 24,164 shares of the company’s stock, valued at $2,087,044.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,435,777 shares of company stock valued at $128,643,042. 6.70% of the stock is currently owned by company insiders.
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Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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