salesforce.com (CRM) : Badgley Phelps Bell Inc scooped up 1,335 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 78,567 shares of salesforce.com which is valued at $6,317,572.salesforce.com makes up approximately 0.56% of Badgley Phelps Bell Inc’s portfolio.
Other Hedge Funds, Including , Boston Private Wealth reduced its stake in CRM by selling 6,273 shares or 28.39% in the most recent quarter. The Hedge Fund company now holds 15,826 shares of CRM which is valued at $1,272,569. salesforce.com makes up approx 0.05% of Boston Private Wealth’s portfolio.1st Source Bank reduced its stake in CRM by selling 135 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 3,675 shares of CRM which is valued at $300,615. salesforce.com makes up approx 0.03% of 1st Source Bank’s portfolio.Community Bank N.a. reduced its stake in CRM by selling 555 shares or 56.81% in the most recent quarter. The Hedge Fund company now holds 422 shares of CRM which is valued at $34,448. salesforce.com makes up approx 0.01% of Community Bank N.a.’s portfolio.Neville Rodie Shaw Inc reduced its stake in CRM by selling 900 shares or 1.94% in the most recent quarter. The Hedge Fund company now holds 45,595 shares of CRM which is valued at $3,708,241. salesforce.com makes up approx 0.43% of Neville Rodie Shaw Inc’s portfolio.
salesforce.com opened for trading at $80.54 and hit $81.12 on the upside on Thursday, eventually ending the session at $80.56, with a gain of 0.19% or 0.15 points. The heightened volatility saw the trading volume jump to 24,67,448 shares. Company has a market cap of $54,579 M.
On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.23. The company had revenue of $1.92 million for the quarter, compared to analysts expectations of $1892.96 million. The company’s revenue was down -99.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on salesforce.com. BMO Capital Markets Initiated salesforce.com on Jun 15, 2016 to “Outperform”, Price Target of the shares are set at $98.Company shares were Reiterated by Mizuho on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Wunderlich on May 19, 2016 to “Buy”, Firm has raised the Price Target to $ 101 from a previous price target of $93 .
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.