Salesforce.com (CRM) Getting Somewhat Favorable Press Coverage, Report Finds

News headlines about Salesforce.com (NYSE:CRM) have trended somewhat positive this week, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Salesforce.com earned a media sentiment score of 0.14 on Alpha One’s scale. Alpha One also gave news stories about the CRM provider an impact score of 75 out of 100, indicating that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected AlphaOne’s analysis:

Insider Buying and Selling by Quarter for Salesforce.com (NYSE:CRM)

A number of brokerages have recently issued reports on CRM. Jefferies Group LLC restated a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research note on Friday. BidaskClub cut shares of Salesforce.com from a “buy” rating to a “hold” rating in a research report on Tuesday. Vetr raised shares of Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 price objective on the stock in a report on Monday, June 12th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $110.00 target price (up previously from $105.00) on shares of Salesforce.com in a research note on Monday, June 5th. Finally, ValuEngine raised shares of Salesforce.com from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $96.78.

Salesforce.com (NYSE:CRM) opened at 86.00 on Friday. The stock has a market cap of $61.25 billion, a price-to-earnings ratio of 455.03 and a beta of 1.24. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $91.99. The firm’s 50 day moving average price is $88.47 and its 200-day moving average price is $81.01.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. On average, equities analysts anticipate that Salesforce.com will post $1.30 earnings per share for the current year.

In other Salesforce.com news, Chairman Marc Benioff sold 10,000 shares of Salesforce.com stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $85.73, for a total value of $857,300.00. Following the transaction, the chairman now owns 34,195,300 shares in the company, valued at approximately $2,931,563,069. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Burke F. Norton sold 210,800 shares of the firm’s stock in a transaction on Thursday, March 23rd. The shares were sold at an average price of $81.73, for a total transaction of $17,228,684.00. Following the completion of the transaction, the executive vice president now directly owns 290,385 shares in the company, valued at approximately $23,733,166.05. The disclosure for this sale can be found here. Insiders have sold 1,578,176 shares of company stock valued at $137,994,329 over the last three months. 6.70% of the stock is currently owned by corporate insiders.

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Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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