salesforce.com (CRM) : Hellman Jordan Management Co Inc has sold out all of its stake in salesforce.com during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 8,913 shares of salesforce.com which is valued at $726,231.
Other Hedge Funds, Including , Finemark National Bank Trust reduced its stake in CRM by selling 642 shares or 25.8% in the most recent quarter. The Hedge Fund company now holds 1,846 shares of CRM which is valued at $150,412. salesforce.com makes up approx 0.02% of Finemark National Bank Trust’s portfolio.Rand Wealth reduced its stake in CRM by selling 8,145 shares or 31.54% in the most recent quarter. The Hedge Fund company now holds 17,680 shares of CRM which is valued at $1,437,914. salesforce.com makes up approx 0.19% of Rand Wealth’s portfolio.Integral Derivatives reduced its stake in CRM by selling 5,742 shares or 56.63% in the most recent quarter. The Hedge Fund company now holds 4,397 shares of CRM which is valued at $357,608. salesforce.com makes up approx 0.14% of Integral Derivatives’s portfolio.Commonwealth Equity Services Inc reduced its stake in CRM by selling 123 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 29,730 shares of CRM which is valued at $2,417,941. salesforce.com makes up approx 0.02% of Commonwealth Equity Services Inc’s portfolio.Diam Ltd. reduced its stake in CRM by selling 319 shares or 0.26% in the most recent quarter. The Hedge Fund company now holds 122,438 shares of CRM which is valued at $9,845,240. salesforce.com makes up approx 0.14% of Diam Ltd.’s portfolio.
salesforce.com closed down -2.71 points or -3.32% at $78.92 with 1,08,86,092 shares getting traded on Monday. Post opening the session at $79.35, the shares hit an intraday low of $78.205 and an intraday high of $79.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.