Wells Fargo analyst Michael Turrin maintained a Hold rating on Salesforce (CRM – Research Report) on April 26 and set a price target of $310.00. The company’s shares closed last Friday at $274.29.
According to TipRanks, Turrin is an analyst with an average return of -3.9% and a 46.94% success rate. Turrin covers the Technology sector, focusing on stocks such as HubSpot, Microsoft, and Adobe.
In addition to Wells Fargo, Salesforce also received a Hold from D.A. Davidson’s Gil Luria in a report issued on April 24. However, yesterday, Robert W. Baird reiterated a Buy rating on Salesforce (NYSE: CRM).
Based on Salesforce’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $9.29 billion and a net profit of $1.45 billion. In comparison, last year the company earned a revenue of $8.38 billion and had a GAAP net loss of $98 million
Based on the recent corporate insider activity of 430 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRM in relation to earlier this year. Earlier this month, R DAVID SCHMAIER, the Pres. & Chief Product Officer of CRM sold 8,281.00 shares for a total of $2,261,955.15.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Salesforce (CRM) Company Description:
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform. The firm also provides guidance, support, training, and advisory services. The company was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.
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