Somewhat Positive News Coverage Somewhat Likely to Affect salesforce.com (CRM) Share Price

News headlines about salesforce.com (NYSE:CRM) have trended somewhat positive on Thursday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. salesforce.com earned a news sentiment score of 1.78 on their scale. InfoTrie also assigned news coverage about the CRM provider an news buzz score of 5 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the near term.

These are some of the news headlines that may have impacted salesforce.com’s analysis:

salesforce.com stock opened at $160.24 on Thursday. salesforce.com has a one year low of $113.60 and a one year high of $166.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $121.02 billion, a price-to-earnings ratio of 110.51, a price-to-earnings-growth ratio of 5.23 and a beta of 1.39.

salesforce.com (NYSE:CRM) last released its earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same quarter last year, the company earned $0.35 earnings per share. On average, analysts predict that salesforce.com will post 1.31 earnings per share for the current year.

CRM has been the topic of a number of research reports. TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b” rating in a research report on Thursday, January 31st. Wedbush restated an “outperform” rating and set a $166.00 target price on shares of salesforce.com in a research report on Monday, January 7th. Goldman Sachs Group restated a “buy” rating and set a $178.00 target price on shares of salesforce.com in a research report on Monday, March 4th. Pivotal Research upgraded shares of salesforce.com from a “hold” rating to a “buy” rating and raised their target price for the stock from $140.00 to $164.00 in a research report on Monday, January 7th. Finally, Macquarie raised their target price on shares of salesforce.com from $174.00 to $188.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $177.82.

In other salesforce.com news, insider Parker Harris sold 6,331 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $157.36, for a total value of $996,246.16. Following the completion of the sale, the insider now owns 33,883 shares of the company’s stock, valued at $5,331,828.88. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark J. Hawkins sold 15,271 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $165.08, for a total value of $2,520,936.68. Following the completion of the sale, the insider now directly owns 25,254 shares of the company’s stock, valued at approximately $4,168,930.32. The disclosure for this sale can be found here. In the last three months, insiders sold 450,224 shares of company stock valued at $70,729,132. 6.00% of the stock is owned by corporate insiders.

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salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. 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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