salesforce.com (NYSE:CRM) had its price objective hoisted by research analysts at Cowen from $170.00 to $180.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the CRM provider’s stock. Cowen’s target price points to a potential upside of 12.14% from the company’s current price.

A number of other equities analysts also recently issued reports on CRM. Sanford C. Bernstein increased their price target on salesforce.com from $125.00 to $135.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 30th. BMO Capital Markets increased their price target on salesforce.com from $133.00 to $147.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 30th. Jefferies Financial Group increased their price target on salesforce.com to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, May 30th. JPMorgan Chase & Co. increased their target price on salesforce.com to $140.00 and gave the company an “overweight” rating in a report on Wednesday, May 30th. Finally, Wells Fargo & Co increased their target price on salesforce.com from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 30th. Five equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $162.29.

Shares of CRM traded up $2.18 during mid-day trading on Thursday, reaching $160.51. The company had a trading volume of 92,414 shares, compared to its average volume of 6,049,160. salesforce.com has a 52-week low of $92.43 and a 52-week high of $159.93. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $120.22 billion, a price-to-earnings ratio of 357.40, a PEG ratio of 5.22 and a beta of 1.27.

salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, August 29th. The CRM provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The firm had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s revenue was up 27.3% compared to the same quarter last year. equities analysts anticipate that salesforce.com will post 1.22 EPS for the current fiscal year.

In related news, Chairman Marc Benioff sold 5,000 shares of the stock in a transaction that occurred on Friday, June 29th. The stock was sold at an average price of $136.66, for a total value of $683,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Wojcicki purchased 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The stock was bought at an average cost of $146.22 per share, with a total value of $877,320.00. Following the acquisition, the director now owns 77,426 shares of the company’s stock, valued at approximately $11,321,229.72. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 18,000 shares of company stock valued at $2,701,020 and sold 550,577 shares valued at $82,255,385. 6.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of CRM. Atlas Brown Inc. boosted its position in shares of salesforce.com by 11.6% during the second quarter. Atlas Brown Inc. now owns 3,328 shares of the CRM provider’s stock worth $474,000 after buying an additional 345 shares during the period. Lyell Wealth Management LP boosted its position in shares of salesforce.com by 0.9% during the second quarter. Lyell Wealth Management LP now owns 37,483 shares of the CRM provider’s stock worth $5,113,000 after buying an additional 348 shares during the period. Newport Wealth Strategies Inc. boosted its position in shares of salesforce.com by 17.7% during the second quarter. Newport Wealth Strategies Inc. now owns 2,349 shares of the CRM provider’s stock worth $320,000 after buying an additional 353 shares during the period. Zeke Capital Advisors LLC boosted its position in shares of salesforce.com by 2.2% during the second quarter. Zeke Capital Advisors LLC now owns 16,324 shares of the CRM provider’s stock worth $2,227,000 after buying an additional 356 shares during the period. Finally, ProVise Management Group LLC boosted its position in shares of salesforce.com by 6.9% during the second quarter. ProVise Management Group LLC now owns 6,160 shares of the CRM provider’s stock worth $840,000 after buying an additional 400 shares during the period. Institutional investors own 82.71% of the company’s stock.

About salesforce.com

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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