salesforce.com (CRM) : R. G. Niederhoffer Capital Management Inc added new position in salesforce.com during the most recent quarter end. The investment management firm now holds 4,000 shares of salesforce.com which is valued at $291,040 , the company said in a statement filed on Nov 14, 2016 with the SEC.salesforce.com makes up approximately 1.36% of R. G. Niederhoffer Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Marshall Wace Llp reduced its stake in CRM by selling 84,039 shares or 90.04% in the most recent quarter. The Hedge Fund company now holds 9,299 shares of CRM which is valued at $684,685. First Interstate Bank added CRM to its portfolio by purchasing 650 company shares during the most recent quarter which is valued at $47,860. salesforce.com makes up approx 0.01% of First Interstate Bank’s portfolio. Cg Asset Management sold out all of its stake in CRM during the most recent quarter. The investment firm sold 30,390 shares of CRM which is valued $2,279,250.Public Employees Retirement Association Of Colorado reduced its stake in CRM by selling 31,929 shares or 5.54% in the most recent quarter. The Hedge Fund company now holds 544,768 shares of CRM which is valued at $40,857,600. salesforce.com makes up approx 0.34% of Public Employees Retirement Association Of Colorado’s portfolio.
salesforce.com opened for trading at $79.57 and hit $80.37 on the upside on Monday, eventually ending the session at $77.77, with a gain of 3.43% or 2.58 points. The heightened volatility saw the trading volume jump to 1,99,02,956 shares. Company has a market cap of $52,817 M.
On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Nov 17, 2016. Analyst had a consensus of $0.21. The company had revenue of $2144.77 million for the quarter, compared to analysts expectations of $2117.98 million. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on salesforce.com. Company shares were Reiterated by BMO Capital Markets on Nov 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $86 .Company shares were Reiterated by Mizuho on Nov 18, 2016 to “Buy”, Firm has raised the Price Target to $ 95 from a previous price target of $85 .Company shares were Reiterated by Wedbush on Nov 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 98 from a previous price target of $96 .
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.