salesforce.com (NYSE:CRM) had its price target hoisted by Citigroup from $185.00 to $196.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a buy rating on the CRM provider’s stock.

CRM has been the subject of several other research reports. Mizuho reiterated a buy rating and set a $195.00 price target on shares of salesforce.com in a report on Thursday, November 21st. Royal Bank of Canada increased their price target on salesforce.com from $181.00 to $200.00 and gave the company an outperform rating in a research report on Friday, August 23rd. They noted that the move was a valuation call. Nomura raised their price objective on salesforce.com from $180.00 to $185.00 and gave the company a buy rating in a research note on Friday, August 23rd. Piper Jaffray Companies began coverage on shares of salesforce.com in a report on Wednesday, November 13th. They set an overweight rating and a $190.00 price objective on the stock. Finally, ValuEngine lowered shares of salesforce.com from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $189.68.

Shares of NYSE CRM opened at $158.01 on Thursday. The stock has a market cap of $140.15 billion, a price-to-earnings ratio of 117.04, a PEG ratio of 6.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05. salesforce.com has a fifty-two week low of $120.16 and a fifty-two week high of $167.56. The firm’s 50-day simple moving average is $157.59 and its 200 day simple moving average is $153.43.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The company’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. On average, sell-side analysts predict that salesforce.com will post 1.28 EPS for the current year.

In other salesforce.com news, CEO Marc Benioff sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $158.01, for a total transaction of $1,580,100.00. Also, insider Parker Harris sold 620 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $149.85, for a total transaction of $92,907.00. Following the transaction, the insider now owns 31,375 shares of the company’s stock, valued at approximately $4,701,543.75. The disclosure for this sale can be found here. Insiders have sold a total of 295,065 shares of company stock worth $46,100,332 in the last ninety days. Insiders own 5.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CRM. Investors Research Corp raised its stake in shares of salesforce.com by 159.1% during the 3rd quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 105 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in salesforce.com during the 2nd quarter valued at about $26,000. Personal Wealth Partners bought a new stake in shares of salesforce.com during the second quarter valued at about $28,000. Acima Private Wealth LLC increased its position in shares of salesforce.com by 250.0% during the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after buying an additional 135 shares during the period. Finally, Enterprise Trust & Investment Co lifted its holdings in shares of salesforce.com by 234.4% in the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock worth $30,000 after buying an additional 143 shares in the last quarter. 81.34% of the stock is currently owned by institutional investors.

salesforce.com Company Profile

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.

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