Somewhat Negative News Coverage Likely to Impact Salesforce.com (NYSE:CRM) Stock Price

Media headlines about Salesforce.com (NYSE:CRM) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Salesforce.com earned a media sentiment score of -0.01 on Accern’s scale. Accern also assigned media stories about the CRM provider an impact score of 79 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Salesforce.com (NYSE:CRM) opened at 89.29 on Tuesday. The firm has a market capitalization of $63.59 billion, a price-to-earnings ratio of 472.43 and a beta of 1.28. The company’s 50-day moving average price is $88.71 and its 200 day moving average price is $82.11. Salesforce.com has a 12 month low of $66.43 and a 12 month high of $91.99.

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

Several research firms recently commented on CRM. Vetr cut Salesforce.com from a “strong-buy” rating to a “buy” rating and set a $97.77 price objective on the stock. in a research report on Tuesday, July 11th. Zacks Investment Research cut Salesforce.com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. SunTrust Banks, Inc. began coverage on Salesforce.com in a research report on Monday, June 26th. They set a “buy” rating and a $110.00 price objective on the stock. Northland Securities set a $105.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price objective on shares of Salesforce.com in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $97.41.

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In other Salesforce.com news, insider Parker Harris sold 8,027 shares of Salesforce.com stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $88.22, for a total value of $708,141.94. Following the sale, the insider now owns 49,913 shares of the company’s stock, valued at approximately $4,403,324.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Marc Benioff sold 10,000 shares of Salesforce.com stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $89.94, for a total value of $899,400.00. Following the completion of the sale, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $3,075,525,282. The disclosure for this sale can be found here. Insiders have sold 1,379,961 shares of company stock worth $123,169,590 in the last quarter. Insiders own 6.70% of the company’s stock.

About Salesforce.com

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.

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

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