Salesforce.com Inc (NYSE:CRM) announced its quarterly earnings data on Tuesday. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02, Bloomberg Earnings reports. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Salesforce.com’s revenue was up 25.0% compared to the same quarter last year. Salesforce.com updated its Q4 guidance to 0.32-0.33 EPS.

Shares of Salesforce.com (NYSE CRM) traded up $1.43 during trading hours on Tuesday, hitting $108.80. 10,494,481 shares of the company’s stock were exchanged, compared to its average volume of 4,366,885. The firm has a market capitalization of $78,190.00, a PE ratio of 537.90, a price-to-earnings-growth ratio of 10.67 and a beta of 1.23. Salesforce.com has a 52 week low of $66.43 and a 52 week high of $109.00. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08.

Several analysts have recently weighed in on CRM shares. J P Morgan Chase & Co reissued a “buy” rating and issued a $95.00 price target on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and issued a $111.00 price target on shares of Salesforce.com in a research note on Wednesday, August 23rd. Piper Jaffray Companies reissued a “buy” rating and issued a $115.00 price target on shares of Salesforce.com in a research note on Wednesday, November 1st. Deutsche Bank AG reissued a “buy” rating and issued a $90.00 price target (down previously from $95.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Finally, Canaccord Genuity reissued a “buy” rating on shares of Salesforce.com in a research note on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $108.49.

In related news, CFO Mark J. Hawkins sold 490 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $93.52, for a total value of $45,824.80. Following the completion of the transaction, the chief financial officer now owns 14,886 shares in the company, valued at approximately $1,392,138.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the completion of the transaction, the insider now owns 154,406 shares of the company’s stock, valued at approximately $15,286,194. The disclosure for this sale can be found here. Insiders have sold 545,698 shares of company stock worth $53,303,734 over the last three months. 6.20% of the stock is 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.

Earnings History for Salesforce.com (NYSE:CRM)

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