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

August 13, 2018 - By Patrick Harkless

salesforce.com, inc. (NYSE:CRM) LogoInvestors sentiment increased to 1.44 in Q1 2018. Its up 0.25, from 1.19 in 2017Q4. It increased, 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.
Ledyard Retail Bank invested in 1,277 shares. Australia-based Macquarie Group Ltd has invested 0.04% in salesforce.com, inc. (NYSE:CRM). Savant Capital Ltd accumulated 2,892 shares or 0.07% of the stock. Maryland Cap Mgmt holds 0.03% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 1,845 shares. Ls Advsrs Ltd accumulated 12,820 shares. Oppenheimer Asset Management accumulated 117,800 shares. 18,227 are held by Private Asset Management. Wealthfront holds 16,142 shares. Grassi Inv Mngmt has 0.91% invested in salesforce.com, inc. (NYSE:CRM). Moreover, Field & Main Natl Bank has 0.77% invested in salesforce.com, inc. (NYSE:CRM) for 6,775 shares. Main Street Rech Lc invested in 1.89% or 121,399 shares. Intersect Ltd Liability Corporation has invested 0.18% of its portfolio in salesforce.com, inc. (NYSE:CRM). Baillie Gifford Communication holds 0.82% of its portfolio in salesforce.com, inc. (NYSE:CRM) for 6.05 million shares. Sequoia Fincl Advsr Limited Liability Company owns 36,723 shares. New York State Common Retirement Fund has 0.29% invested in salesforce.com, inc. (NYSE:CRM).

Since February 13, 2018, it had 6 insider buys, and 222 insider sales for $189.32 million activity. Hawkins Mark J also sold $1.99 million worth of salesforce.com, inc. (NYSE:CRM) on Thursday, March 22. BLOCK KEITH had sold 10,000 shares worth $1.38 million. Harris Parker also sold $215,203 worth of salesforce.com, inc. (NYSE:CRM) shares. $17,545 worth of stock was sold by Roos John Victor on Thursday, May 3. On Sunday, July 22 the insider Tallapragada Srinivas sold $68,085. Martinez Maria sold $1.20 million worth of salesforce.com, inc. (NYSE:CRM) on Thursday, April 5.

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 2.75 million 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 Wells Fargo on Thursday, March 1. Deutsche Bank maintained it with “Buy” rating and $150 target in Wednesday, May 30 report. The stock of salesforce.com, inc. (NYSE:CRM) has “Buy” rating given on Monday, February 26 by Oppenheimer. The firm earned “Hold” rating on Thursday, May 31 by Roth Capital. The stock has “Outperform” rating by Credit Suisse on Thursday, March 1. The stock of salesforce.com, inc. (NYSE:CRM) has “Outperform” rating given on Friday, May 4 by Credit Suisse. The stock has “Overweight” rating by Barclays Capital on Wednesday, May 30. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, July 17. The rating was maintained by Wedbush on Wednesday, May 30 with “Buy”. Robert W. Baird maintained salesforce.com, inc. (NYSE:CRM) on Wednesday, February 28 with “Buy” rating.

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 Benzinga.com published the news titled: “Hubspot’s Quarterly Earnings Growth: A Sign Of Good Things To Come?” on July 26, 2018. Fool.com‘s news article titled: “Salesforce Earnings: What to Watch” with publication date: August 10, 2018 was also an interesting one.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.