Salesforce.com, inc. (CRM) Issues Q4 Earnings Guidance

Analysts expected EPS of $0.19. The consensus estimates are for EPS of $0.19 and $0.73. Also, insider Maria Martinez sold 2,568 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The reporting person undertakes to provide to the issuer – any security holder of the issuer – or the staff of the Securities and Exchange Commission – upon request – full information regarding the number of shares sold at each separate price within the range set forth above.

Weighted average price. These shares were sold in multiple transactions at prices ranging from $76.5025 to $77.4900 inclusive.

For the current quarter, the company forecast adjusted per-share earnings of 18 cents to 19 cents and revenue of $1.78 billion to $1.79 billion. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Barclays raised its price target on Salesforce.com (CRM – Get Report) stock to $90 from $87 on Thursday. The company has a market cap of $49,896 million and there are 660,000,000 shares in outstanding.

Nevertheless, Salesforce.com is taking the SaaS and CRM market by storm, and continues to grab market share while the rate at which on-premise CRM solutions transition to SaaS-based applications accelerates. The rating is an average of the various different ratings given by analysts and brokers to SALESFORCE.COM Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois.

In related news, CEO Marc Benioff sold 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 17th. The shares were sold at an average price of $66.63, for a total value of $171,105.84.

Azimuth Capital Management Llc is the most positive institutional investor on Salesforce Com Inc, with ownership of 4,000 shares as of Q2 2015 for 0.03% of the fund’s portfolio.

The company shares have rallied 22.07% from its 1 Year high price. The disclosure for this sale can be found here. The 7 months bullish chart indicates low risk for the $55.12 billion company. Excluding currency fluctuations, revenue improved 27%. Analysts are predicting 95 cents per share on sales of $7.98 billion for ’17. (NYSE:CRM) hit a new 52-week high and has $120.07 target or 45.00% above today’s $82.81 share price.

Salesforce (NYSE:CRM), announced the kick off of the all-new Salesforce World Tour in NY City on November 18, 2015 at the Jacob K. Javits Convention Center. The organization offers six core cloud services offering community management, customer service and support, marketing automation, sales force automation, analytics plus a cloud platform for building custom programs. The Company offers training, deployment, consulting, execution and integration services to its customers to ease the adoption of its own cloud alternatives. The Company produces its solutions as a service through most of the Internet browsers as well as on cellular devices, on a subscription basis, mainly through associates and through its direct sales efforts.