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Salesforce.com, inc. (CRM): Examining the Technicals

01 November 2017

Andra Ap-fonden owns 27,400 shares worth $2,560,000. Tokio Marine Asset Management Co Ltd divested its position by selling 1,644 shares a decrease of 22.3% as of 09/30/2017.

A number of other hedge funds have also recently made changes to their positions in the stock. First Personal Financial Services now owns 1,636 shares of the CRM provider's stock valued at $142,000 after acquiring an additional 25 shares in the last quarter. Cornerstone Advisors, Inc. now holds 3,993 shares valued at $373,000. Martinez now owns $1,817,569 of the stock per the Form 4 SEC filing. Inc. now owns 3,163 shares of the CRM provider's stock valued at $274,000 after acquiring an additional 18 shares in the last quarter. The institutional investor purchased 150,001 shares of the CRM provider's stock, valued at approximately $11,912,000. Appropriate Balance Financial Services Inc. grew its stake in shares of Salesforce.com by 6.9% in the second quarter. During the past six months, Salesforce.com, inc. Alyeska Investment Group Lp acquired 296,998 shares as Salesforce Com Inc (CRM)'s stock rose 7.28%. Overall, volume was up 50.20% over the stocks normal daily volume. Salesforce.com Inc has a 52 week low of $66.43 and a 52 week high of $103.92. The company has a market capitalization of $50.44 billion, a price-to-earnings ratio of 227.25 and a beta of 1.55. Salesforce.com, inc. (NYSE:CRM) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. (NYSE:CRM) for 8,458 shares. After $-0.07 actual EPS reported by eMagin Corporation for the previous quarter, Wall Street now forecasts -28.57% EPS growth. The firm had revenue of $2.56 billion during the quarter, compared to analysts' expectations of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The firm's revenue was up 25.7% compared to the same quarter a year ago. During the same period in the prior year, the business posted $0.24 EPS.

A number of brokerages have weighed in on CRM. Rosenblatt Securities reaffirmed a "buy" rating and set a $115.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd.

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On Tuesday, October 24th, Keith Block sold 10,000 shares of Salesforce.com stock. They issued an "outperform" rating and a $110.00 target price for the company. August 23 investment analysts at Credit Suisse held the stock rating at "Buy" but raised the price target from $89.00 to $105.00. Robert W. Baird restated a "buy" rating and set a $110.00 price target (up previously from $100.00) on shares of Salesforce.com in a report on Wednesday, August 23rd. August 23 investment analysts at Canaccord Genuity maintained a stock rating of "Buy" and moved up the price target to $110.00 from $89.00. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have issued a buy rating to the company. The stock has "Overweight" rating by Barclays Capital on Wednesday, August 23. The value of the total investment in Salesforce.com Inc increased from $1,472,000 to $2,560,000 a change of $1,088,000 for the reporting period. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and global copyright and trademark laws.

On Thursday, October 19th, Keith Block sold 10,000 shares of Salesforce.com stock.

CRM is now undervalued by -5.31% relative to the average 1-year price target of $108.08 taken from a group of Wall Street Analysts. Checchi Cap Advisers Ltd Limited Liability Company reported 4,549 shares. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Marc Benioff sold 12,500 shares of the company's stock in a transaction on Wednesday, November 9th. Vice Chairman, Pres. and COO Keith Block let go of 10,000 shares at an average price of $101.57 on October 31st.

Salesforce.com, inc. (CRM): Examining the Technicals