Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Salesforce.com (CRM) Stock Price
Media stories about Salesforce.com (NYSE:CRM) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Salesforce.com earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the CRM provider an impact score of 45.5728748994105 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Salesforce is latest big tech vendor to join the Cloud Native Computing Foundation (yahoo.com)
- Cramer: Don't let sellers freak you out. The market's often wrong (finance.yahoo.com)
- Composite Rating For Salesforce.com Jumps To 96 (finance.yahoo.com)
- Cramer: Don’t let sellers freak you out. The market’s often wrong (finance.yahoo.com)
- Cramer: Don't let sellers freak you out. The market's oft… (finance.yahoo.com)
Shares of Salesforce.com (CRM) traded down $0.63 during trading on Friday, hitting $103.44. The stock had a trading volume of 4,170,000 shares, compared to its average volume of 5,160,000. Salesforce.com has a 1 year low of $68.23 and a 1 year high of $109.19. The stock has a market cap of $74,710.00, a price-to-earnings ratio of 323.25, a PEG ratio of 9.72 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.
A number of equities analysts have recently weighed in on CRM shares. Stephens reaffirmed an “overweight” rating and set a $107.00 target price (up from $100.00) on shares of Salesforce.com in a research report on Thursday, August 31st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Salesforce.com in a research report on Thursday, November 9th. Vetr lowered Salesforce.com from a “hold” rating to a “strong sell” rating and set a $80.76 target price on the stock. in a research report on Wednesday, October 11th. BMO Capital Markets upped their target price on Salesforce.com from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “buy” rating and set a $108.00 target price on shares of Salesforce.com in a research report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and forty-four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $112.48.
In other news, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction on Friday, October 20th. The stock was 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 in the company, valued at approximately $15,286,194. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keith Block sold 15,282 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $95.99, for a total value of $1,466,919.18. Following the transaction, the insider now owns 10,000 shares of the company’s stock, valued at approximately $959,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 670,072 shares of company stock valued at $68,439,414. Insiders own 6.20% of the company’s stock.
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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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