Analysts See $0.12 EPS for salesforce.com, inc. (CRM)

August 13, 2018 - By Jacob Reddy

salesforce.com, inc. (NYSE:CRM) LogoInvestors sentiment increased to 1.44 in Q1 2018. Its up 0.25, from 1.19 in 2017Q4. It is positive, as 48 investors sold salesforce.com, inc. shares while 254 reduced holdings. 132 funds opened positions while 304 raised stakes. 608.53 million shares or 0.05% more from 608.21 million shares in 2017Q4 were reported.
Adell Harriman Carpenter Inc reported 52,599 shares. Massachusetts Financial Service Co Ma invested 0.33% of its portfolio in salesforce.com, inc. (NYSE:CRM). Ithaka Grp Inc Lc holds 315,519 shares or 6.17% of its portfolio. Riggs Asset Managment Commerce Incorporated invested 0.01% in salesforce.com, inc. (NYSE:CRM). Primecap Ca holds 729,360 shares. Manchester Mgmt Ltd Com stated it has 301 shares. 1.04M were reported by Fort Washington Investment Oh. Cohen & Steers has 419 shares. Azimuth Cap Mngmt Limited Liability has 112,990 shares for 0.97% of their portfolio. Gamco Inc Et Al has invested 0% in salesforce.com, inc. (NYSE:CRM). Ubs Oconnor Limited Liability Co owns 17,718 shares or 0% of their US portfolio. Pictet North America Advsrs holds 1.75% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 99,800 shares. Pitcairn invested 0.61% in salesforce.com, inc. (NYSE:CRM). Switzerland-based Credit Suisse Ag has invested 0.1% in salesforce.com, inc. (NYSE:CRM). Optimum Investment Advsr reported 0.06% of its portfolio in salesforce.com, inc. (NYSE:CRM).

Since February 13, 2018, it had 6 buys, and 222 insider sales for $189.32 million activity. The insider Hawkins Mark J sold 17,787 shares worth $2.26 million. Harris Parker had sold 2,050 shares worth $283,064. Shares for $1.47 million were sold by BLOCK KEITH on Thursday, July 12. 6,000 shares valued at $791,981 were bought by Wojcicki Susan on Wednesday, May 30. Roos John Victor sold 129 shares worth $14,462. Allanson Joe had sold 268 shares worth $35,507 on Wednesday, May 30.

Analysts expect salesforce.com, inc. (NYSE:CRM) to report $0.12 EPS on August, 28.They anticipate $0.03 EPS change or 33.33 % from last quarter’s $0.09 EPS. CRM’s profit would be $89.15 million giving it 303.15 P/E if the $0.12 EPS is correct. After having $0.52 EPS previously, salesforce.com, inc.’s analysts see -76.92 % EPS growth. The stock decreased 0.21% or $0.31 during the last trading session, reaching $145.51. About 2.75M shares traded. salesforce.com, inc. (NYSE:CRM) has risen 40.20% since August 13, 2017 and is uptrending. It has outperformed by 27.63% the S&P500.

salesforce.com, inc. (NYSE:CRM) Ratings Coverage

Among 31 analysts covering Salesforce.com (NYSE:CRM), 29 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. Salesforce.com had 54 analyst reports since February 15, 2018 according to SRatingsIntel. The stock has “Buy” rating by Robert W. Baird on Wednesday, February 28. The stock has “Buy” rating by Credit Suisse on Wednesday, March 21. The firm has “Buy” rating by Piper Jaffray given on Tuesday, March 20. The rating was maintained by KeyBanc Capital Markets on Thursday, March 1 with “Overweight”. Bank of America maintained salesforce.com, inc. (NYSE:CRM) on Sunday, May 20 with “Buy” rating. The rating was maintained by Cowen & Co on Thursday, March 1 with “Outperform”. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, May 30. The stock has “Buy” rating by Deutsche Bank on Thursday, March 1. The firm has “Outperform” rating by Robert W. Baird given on Wednesday, May 30. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Thursday, March 1 by Citigroup.

Salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company has market cap of $108.10 billion. The firm offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, gain insights through relationship intelligence, and collaborate around sales on desktop and mobile devices, as well as solutions for partner relationship management. It has a 229.51 P/E ratio. It also provides Service Cloud, which enables companies to deliver personalized customer service and support, as well as connects their service agents with clients on various devices; and Marketing Cloud to plan, personalize, and optimize one-to-one customer interactions.

More recent salesforce.com, inc. (NYSE:CRM) news were published by: Fool.com which released: “Salesforce.com Could Win Big Betting on Its Einstein AI” on August 12, 2018. Also Fool.com published the news titled: “Salesforce Earnings: What to Watch” on August 10, 2018. Benzinga.com‘s news article titled: “Hubspot’s Quarterly Earnings Growth: A Sign Of Good Things To Come?” with publication date: July 26, 2018 was also an interesting one.

salesforce.com, inc. (NYSE:CRM) Institutional Positions Chart

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