Shares of Salesforce.com Inc (CRM) Sees Large Inflow of Net Money Flow

The shares of Salesforce.com Inc (CRM) traded with a loss of -0.52 points or -0.66% in the most recent session. The shares last traded at $78.58. As per the trading info, the shares saw $98.27 million in upticks and lost $80.65 million in downticks, resulting in a net money flow of $17.63 million. The up/down ratio for the day was measured at 1.22. For the week, the shares had posted 0.47%.From the block trade data available, the total upticks were valued at $34.03 million and the total downticks were valued at $13.04 million, thereby putting the up/down ratio at 2.61. The net money flow for the block transaction was $20.99 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Shares of salesforce.com, inc. rose by 0.14% in the last five trading days and 14.78% for the last 4 weeks. salesforce.com, inc. is up 4.55% in the last 3-month period. Year-to-Date the stock performance stands at 14.78%. Salesforce.com Inc (NYSE:CRM) witnessed a decline in the market cap on Wednesday as its shares dropped 0.66% or 0.52 points. After the session commenced at $78.91, the stock reached the higher end at $79.3 while it hit a low of $77.45. With the volume soaring to 6,199,661 shares, the last trade was called at $78.58. The company has a 52-week high of $84.48. The company has a market cap of $54,747 million and there are 696,700,000 shares in outstanding. The 52-week low of the share price is $52.6.

Company has reported several Insider transactions to the SEC, on Jan 31, 2017, Keith Block (Pres., Vice Chairman and COO) sold 10,000 shares at 79.07 per share price.On Jan 31, 2017, Marc Benioff (Chairman of the Board and CEO) sold 10,000 shares at 78.77 per share price.On Jan 26, 2017, John Victor Roos (director) sold 144 shares at 79.00 per share price.

salesforce.com Last issued its quarterly earnings results on Nov 17, 2016. The company reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.21. The company had revenue of $2144.77 million for the quarter, compared to analysts expectations of $2117.98 million. The companys revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.salesforce.com was Downgraded by Pivotal Research Group on Jan 12, 2017 to Hold, Lowers Price Target to $ 76 from a previous price target of $105 .salesforce.com was Initiated by Wells Fargo to Outperform on Jan 11, 2017. Company shares were Reiterated by BMO Capital Markets on Nov 18, 2016 to Outperform, Raises Price Target to $ 90 from a previous price target of $86 .Company shares were Reiterated by Mizuho on Nov 18, 2016 to Buy, Raises Price Target to $ 95 from a previous price target of $85 .Company shares were Reiterated by Wedbush on Nov 18, 2016 to Outperform, Raises Price Target to $ 98 from a previous price target of $96 .

Salesforce.com is the market and technology leader in on-demand business services. The companys Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the worlds first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.coms AppExchange directory. Customers can also take advantage of Successforce, salesforce.coms world-class training, support, consulting and best practices offerings.

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