NIO Stock News – salesforce.com (NYSE:CRM) Issues Earnings Results
salesforce.com (NYSE:CRM) announced its quarterly earnings data on Thursday. The CRM provider reported $1.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.74, MarketWatch Earnings reports. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%.
Shares of NYSE:CRM traded down $14.58 during midday trading on Friday, hitting $216.50. The stock had a trading volume of 20,195,189 shares, compared to its average volume of 7,404,592. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. salesforce.com has a 1 year low of $115.29 and a 1 year high of $284.50. The stock has a 50 day moving average price of $230.19 and a two-hundred day moving average price of $237.69. The company has a market capitalization of $198.10 billion, a PE ratio of 57.46, a P/E/G ratio of 5.42 and a beta of 1.17.
In other news, insider Amy E. Weaver sold 9,010 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $245.00, for a total transaction of $2,207,450.00. Following the completion of the transaction, the insider now owns 27,476 shares in the company, valued at $6,731,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Joe Allanson sold 313 shares of the company’s stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $229.36, for a total transaction of $71,789.68. Following the transaction, the chief accounting officer now owns 31,439 shares of the company’s stock, valued at approximately $7,210,849.04. The disclosure for this sale can be found here. Insiders sold 77,444 shares of company stock valued at $17,629,599 in the last quarter. Company insiders own 4.40% of the company’s stock.
CRM has been the topic of a number of analyst reports. Mizuho raised their price objective on shares of salesforce.com from $275.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, February 17th. Macquarie raised their price objective on shares of salesforce.com from $252.00 to $273.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. set a $250.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group set a $315.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets raised their price objective on shares of salesforce.com from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday, November 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $264.30.
salesforce.com Company Profile
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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