salesforce.com (NYSE:CRM) had its price objective hoisted by Royal Bank of Canada to $155.00 in a report published on Wednesday morning, The Fly reports. The firm currently has an outperform rating on the CRM provider’s stock.

A number of other brokerages have also weighed in on CRM. Morgan Stanley increased their price target on salesforce.com from $153.00 to $178.00 and gave the stock an overweight rating in a research note on Tuesday, August 14th. Piper Jaffray Companies increased their price target on salesforce.com from $150.00 to $165.00 and gave the stock an overweight rating in a research note on Wednesday, August 15th. Barclays increased their price target on salesforce.com from $150.00 to $165.00 and gave the stock an overweight rating in a research note on Wednesday, August 15th. Wedbush increased their price target on salesforce.com from $150.00 to $160.00 and gave the stock an outperform rating in a research note on Wednesday. Finally, Oppenheimer increased their price target on salesforce.com from $135.00 to $152.00 and gave the stock an outperform rating in a research note on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirty-eight have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $146.37.

CRM opened at $152.30 on Wednesday. The company has a market capitalization of $107.49 billion, a P/E ratio of 338.44, a PEG ratio of 5.80 and a beta of 1.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.29 and a current ratio of 1.29. salesforce.com has a 1-year low of $92.11 and a 1-year high of $152.38.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.28. salesforce.com had a return on equity of 7.25% and a net margin of 4.33%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $0.28 EPS. salesforce.com’s revenue was up 25.4% on a year-over-year basis. equities research analysts forecast that salesforce.com will post 1.01 earnings per share for the current fiscal year.

In related news, Director Alan G. Hassenfeld sold 25,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $130.54, for a total value of $3,263,500.00. Following the completion of the sale, the director now directly owns 123,006 shares in the company, valued at approximately $16,057,203.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Keith Block sold 10,000 shares of the stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $127.14, for a total value of $1,271,400.00. Following the completion of the sale, the insider now owns 30,647 shares of the company’s stock, valued at $3,896,459.58. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 24,000 shares of company stock valued at $3,376,260 and sold 543,942 shares valued at $75,624,499. 6.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bain Capital Public Equity Management LLC acquired a new stake in shares of salesforce.com during the second quarter valued at about $8,638,000. Mainstay Capital Management LLC ADV grew its stake in shares of salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock valued at $7,081,000 after acquiring an additional 919,056 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of salesforce.com by 23.6% during the second quarter. Advisors Asset Management Inc. now owns 37,842 shares of the CRM provider’s stock valued at $5,162,000 after acquiring an additional 7,228 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of salesforce.com by 2.3% during the second quarter. Public Employees Retirement System of Ohio now owns 497,589 shares of the CRM provider’s stock valued at $67,871,000 after acquiring an additional 11,346 shares in the last quarter. Finally, Cleararc Capital Inc. grew its stake in shares of salesforce.com by 3.1% during the second quarter. Cleararc Capital Inc. now owns 18,052 shares of the CRM provider’s stock valued at $2,462,000 after acquiring an additional 537 shares in the last quarter. Hedge funds and other institutional investors own 86.03% 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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Analyst Recommendations for salesforce.com (NYSE:CRM)

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