Salesforce.com Inc (NYSE:CRM) : The highest level Salesforce.com Inc (NYSE:CRM) is projected to reach is $110 for the short term and the lowest estimate is at $80. The consolidated price target from 28 rating analysts who initiate coverage on the stock is $96.21 and the possibility the share price can swing is $5.98.
salesforce.com, inc. has lost 3.49% in the last five trading days and dropped 4.84% in the last 4 weeks. salesforce.com, inc. is up 4.86% in the last 3-month period. Year-to-Date the stock performance stands at 1.29%. Also, Cowen & Company initiates coverage on Salesforce.com Inc (NYSE:CRM). According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on June 24, 2016.
Salesforce.com Inc (NYSE:CRM) : 26 brokerage houses believe that Salesforce.com Inc (NYSE:CRM) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Salesforce.com Inc (NYSE:CRM). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 28 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.14.
Salesforce.com Inc (NYSE:CRM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $79.35 and $79.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.41, notching a gain of 0.52% for the day. The total traded volume was 4,644,277 . The stock had closed at $79.00 on the previous day.
In an insider trading activity,The director officer (Pres., Vice Chairman and COO) of Salesforce Com Inc, Block Keith sold 10,000 shares at $81.11 on June 23, 2016. The Insider selling transaction had a total value worth of $811,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications. The Company offers consulting, deployment, training, implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices, on a subscription basis, primarily through its direct sales efforts and indirectly through partners.