salesforce.com, inc. (NYSE:CRM) – Investment analysts at Oppenheimer issued their Q3 2020 earnings per share estimates for shares of salesforce.com in a research report issued to clients and investors on Wednesday, June 19th, Zacks Investment Research reports. Oppenheimer analyst B. Schwartz forecasts that the CRM provider will post earnings per share of $0.33 for the quarter. Oppenheimer also issued estimates for salesforce.com’s Q4 2020 earnings at $0.29 EPS, FY2020 earnings at $1.31 EPS, Q1 2021 earnings at $0.18 EPS, Q2 2021 earnings at $0.33 EPS, Q3 2021 earnings at $0.48 EPS, Q4 2021 earnings at $0.54 EPS and FY2021 earnings at $1.50 EPS.
salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.32. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a return on equity of 8.18% and a net margin of 8.26%. The firm’s quarterly revenue was up 24.3% on a year-over-year basis. During the same period last year, the company posted $0.74 EPS.
Other equities analysts have also recently issued research reports about the stock. Nomura reduced their price objective on shares of Capri from $76.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Exane BNP Paribas initiated coverage on shares of Workday in a report on Friday, March 29th. They issued an “underperform” rating for the company. Wedbush set a $12.00 price objective on shares of GameStop and gave the stock a “buy” rating in a report on Friday, May 31st. Bank of America set a $4.00 price target on shares of GameStop and gave the company a “sell” rating in a report on Wednesday, June 5th. Finally, OTR Global lowered shares of salesforce.com to a “positive” rating in a report on Wednesday, May 15th. Three equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $179.97.
Shares of CRM traded down $2.52 during trading hours on Monday, hitting $157.13. The company’s stock had a trading volume of 6,598,313 shares, compared to its average volume of 5,696,658. The company has a market cap of $123.89 billion, a P/E ratio of 108.37, a price-to-earnings-growth ratio of 5.81 and a beta of 1.29. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $153.90. salesforce.com has a 52-week low of $113.60 and a 52-week high of $167.56.
Several large investors have recently made changes to their positions in the company. FMR LLC boosted its position in shares of salesforce.com by 0.8% during the 1st quarter. FMR LLC now owns 89,716,274 shares of the CRM provider’s stock worth $14,208,366,000 after acquiring an additional 698,321 shares in the last quarter. BlackRock Inc. grew its holdings in shares of salesforce.com by 4.7% in the first quarter. BlackRock Inc. now owns 53,665,349 shares of the CRM provider’s stock valued at $8,498,982,000 after purchasing an additional 2,395,193 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of salesforce.com by 1.2% in the first quarter. Jennison Associates LLC now owns 19,902,070 shares of the CRM provider’s stock valued at $3,151,891,000 after purchasing an additional 230,376 shares in the last quarter. Northern Trust Corp boosted its stake in salesforce.com by 1.3% during the first quarter. Northern Trust Corp now owns 10,683,259 shares of the CRM provider’s stock worth $1,691,907,000 after buying an additional 140,368 shares during the period. Finally, Geode Capital Management LLC boosted its stake in salesforce.com by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 8,972,048 shares of the CRM provider’s stock worth $1,226,559,000 after buying an additional 625,285 shares during the period. Institutional investors own 81.59% of the company’s stock.
In other news, Director Craig Conway sold 200 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $158.85, for a total transaction of $31,770.00. Following the completion of the sale, the director now owns 9,336 shares in the company, valued at approximately $1,483,023.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Joe Allanson sold 327 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $153.55, for a total value of $50,210.85. Following the sale, the chief accounting officer now owns 30,619 shares of the company’s stock, valued at approximately $4,701,547.45. The disclosure for this sale can be found here. Insiders sold a total of 370,715 shares of company stock valued at $57,937,355 over the last three months. Corporate insiders own 5.50% of the company’s stock.
About salesforce.com
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.