Published: Fri, May 19, 2017
Money | By Armando Alvarado

Salesforce.com, inc. (CRM), Gap Inc (GPS) Results

Salesforce.com, inc. (CRM), Gap Inc (GPS) Results

On 5/18/2017 John Victor Roos, Director, sold 194 with an average share price of $87.90 per share and the total transaction amounting to $17,052.60. Following the sale, the chairman now owns 34,195,300 shares in the company, valued at $2,864,882,234.

Salesforce and Gap announced financial results for first quarter of the fiscal year 2018 (1QFY18) and 1QFY17 respectively, after the closing bell on Thursday, May 18.

On Tuesday, May 16th, Marc Benioff sold 10,000 shares of salesforce.com, inc. stock. Insiders have sold a total of 997,585 shares of company stock worth $83,409,993 in the last three months. Shares for $1.80M were sold by Eck Dennis K on Monday, March 27. The firm has a market cap of $62.64 billion, a price-to-earnings ratio of 340.54 and a beta of 1.42. salesforce.com, inc. has a 52-week low of $66.43 and a 52-week high of $91.00. Benioff Marc had sold 10,000 shares worth $800,459. The shares were sold at an average price of $88.72, for a total transaction of $887,200.00. The shares were sold at an average price of $87.19, for a total transaction of $871,900.00. Weaver Amy E also sold $4,774 worth of salesforce.com, inc. Ig Investment invested 0.03% in salesforce.com, inc. The shares were sold at an average price of $89.80, for a total transaction of $898,000.00. The insider QUBEIN NIDO R sold 10,904 shares worth $515,577. The shares were sold at an average price of $86.43, for a total value of $864,300.00. Bingham Osborn & Scarborough Lc owns 0.14% invested in salesforce.com, inc. The shares were sold at an average price of $86.12, for a total value of $2,583,600.00. Citi Trends, Inc. (NASDAQ:CTRN) distance from 200-day simple moving average (SMA200) is -4.44%. Stock traders acquired 20,233 call options on the company. This is an increase of 165% compared to the average volume of 7,630 call options. Past 5 years growth of Salesforce.Com Inc (NYSE:CRM) observed at 26.13%, looking forward for the next 5 years it has a strong prediction of 28.32% over growth. That compared with consensus estimates of $0.26 in EPS and revenue of $2.35 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. Management elevated its full-year revenue guidance above our estimate (which was ahead of management's prior guidance), which we believe is a reflection of the firm's go-to-market strategy of selling a holistic platform as opposed to individual modules. It fall, as 89 investors sold salesforce.com, inc. shares while 255 reduced holdings.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & global trademark and copyright laws.

May makes poll pledge to clamp down on immigration
Those in residential care - whose property is already taken into account in the means test - can already do this. But Labour said it was an "all-out attack on pensioner incomes".

Additionally on 4/27/17 Credit Suisse "Initiates Coverage On" Salesforce.Com Inc (NYSE:CRM) to Outperform setting price target at $110 and on 2/16/17 Needham "Initiates Coverage On" the stock to Hold at $0. Drexel Hamilton reaffirmed a "buy" rating and set a $100.00 price target on shares of salesforce.com, inc.in a report on Monday. Finally, Canaccord Genuity reissued a buy rating and set a $95.00 price objective on shares of salesforce.com, inc.in a report on Wednesday, February 22nd. The stock now has an average rating of Buy and a consensus price target of $94.72.

Hedge funds have recently made changes to their positions in the stock. JNBA Financial Advisors raised its position in shares of salesforce.com, inc.by 9.3% in the fourth quarter. Summit Securities Group Llc sold 1,225 shares as Ulta Salon Cosmetcs And Frag I (ULTA)'s stock 0.00%. First Personal Financial Services increased its stake in shares of salesforce.com, inc.by 7.5% in the first quarter. King Luther Capital Management Corp boosted its stake in salesforce.com, inc.by 1.3% in the first quarter. Capital Fund Management S.A. bought a new position in salesforce.com, inc. during the third quarter worth $82,896,000. Nippon Life Insurance Co. boosted its position in shares of salesforce.com, inc.by 1.8% in the third quarter. Mariner Wealth Advsrs Ltd Limited Liability Company owns 0.01% invested in Ulta Beauty Inc (NASDAQ:ULTA) for 803 shares.

Salesforce.com, inc.is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Firm focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies.

Like this: