Piper Jaffray Companies reissued their buy rating on shares of Salesforce.com Inc (NYSE:CRM) in a research report report published on Tuesday morning.

CRM has been the topic of several other research reports. Stephens reissued an overweight rating and set a $107.00 price target (up previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. Northland Securities reissued a buy rating and set a $105.00 price target on shares of Salesforce.com in a research note on Sunday, September 10th. Wells Fargo & Company reissued a buy rating and set a $100.00 price target on shares of Salesforce.com in a research note on Thursday, August 24th. Zacks Investment Research lowered Salesforce.com from a buy rating to a hold rating in a research note on Friday, August 25th. Finally, Royal Bank Of Canada reissued a buy rating and set a $102.00 price target on shares of Salesforce.com in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-six have assigned a buy rating to the company. Salesforce.com presently has an average rating of Buy and an average price target of $102.52.

Shares of Salesforce.com (NYSE CRM) traded up 0.89% during trading on Tuesday, hitting $93.42. The company’s stock had a trading volume of 4,629,741 shares. The company has a 50-day moving average price of $93.14 and a 200-day moving average price of $88.31. Salesforce.com has a one year low of $66.43 and a one year high of $98.22. The stock’s market cap is $67.14 billion.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company’s quarterly revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. Equities analysts predict that Salesforce.com will post $1.32 EPS for the current fiscal year.

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In related news, insider Amy E. Weaver sold 1,400 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $87.04, for a total transaction of $121,856.00. Following the transaction, the insider now owns 16,513 shares in the company, valued at $1,437,291.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marc Benioff sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $86.67, for a total transaction of $2,600,100.00. Following the transaction, the chairman now owns 34,195,300 shares in the company, valued at approximately $2,963,706,651. The disclosure for this sale can be found here. Insiders sold 577,032 shares of company stock worth $52,745,027 in the last 90 days. 6.20% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Capital Analysts LLC boosted its holdings in Salesforce.com by 14.1% during the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares in the last quarter. Peddock Capital Advisors LLC boosted its holdings in Salesforce.com by 3,000.0% during the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after buying an additional 1,350 shares in the last quarter. People s United Financial Inc. boosted its holdings in Salesforce.com by 60.1% during the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after buying an additional 550 shares in the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Salesforce.com during the second quarter worth approximately $130,000. Finally, Harfst & Associates Inc. bought a new stake in Salesforce.com during the first quarter worth approximately $141,000. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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.

Analyst Recommendations for Salesforce.com (NYSE:CRM)

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