salesforce.com (NYSE:CRM)‘s stock had its “buy” rating reiterated by research analysts at Nomura in a research report issued to clients and investors on Wednesday.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada upped their target price on shares of salesforce.com to $182.00 in a research report on Thursday, September 27th. They noted that the move was a valuation call. Wedbush boosted their price target on shares of salesforce.com from $160.00 to $166.00 in a report on Sunday. Societe Generale set a $170.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Tuesday, August 14th. Credit Suisse Group set a $170.00 price target on shares of salesforce.com and gave the company a “buy” rating in a report on Wednesday, August 15th. Finally, UBS Group boosted their price target on shares of salesforce.com from $153.00 to $168.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Four investment analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $168.08.

Shares of salesforce.com stock traded down $4.91 on Wednesday, hitting $139.24. 6,971,998 shares of the company’s stock traded hands, compared to its average volume of 7,829,707. The stock has a market capitalization of $109.21 billion, a price-to-earnings ratio of 309.42, a PEG ratio of 4.38 and a beta of 1.42. salesforce.com has a one year low of $98.68 and a one year high of $161.19. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 27th. The CRM provider reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. The company had revenue of $3.39 billion during the quarter, compared to analysts’ expectations of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. As a group, research analysts forecast that salesforce.com will post 1.32 EPS for the current fiscal year.

In related news, insider Parker Harris sold 5,711 shares of the company’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $152.69, for a total value of $872,012.59. Following the completion of the transaction, the insider now directly owns 27,938 shares of the company’s stock, valued at approximately $4,265,853.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Keith Block sold 2,160 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $114.18, for a total transaction of $246,628.80. Following the completion of the transaction, the chief executive officer now directly owns 23,836 shares of the company’s stock, valued at $2,721,594.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 485,162 shares of company stock valued at $71,235,017. Company insiders own 6.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Newport Wealth Strategies Inc. boosted its stake in shares of salesforce.com by 17.7% during the 2nd 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 last quarter. Arthur M. Cohen & Associates LLC boosted its stake in shares of salesforce.com by 4.5% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 8,591 shares of the CRM provider’s stock worth $1,366,000 after buying an additional 370 shares during the last quarter. Aspiriant LLC boosted its stake in shares of salesforce.com by 11.8% during the 3rd quarter. Aspiriant LLC now owns 3,684 shares of the CRM provider’s stock worth $587,000 after buying an additional 389 shares during the last quarter. ProVise Management Group LLC boosted its stake in shares of salesforce.com by 6.9% during the 2nd 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 last quarter. Finally, Lido Advisors LLC boosted its stake in shares of salesforce.com by 8.9% during the 3rd quarter. Lido Advisors LLC now owns 5,061 shares of the CRM provider’s stock worth $804,000 after buying an additional 413 shares during the last quarter. Institutional investors own 82.78% of the company’s stock.

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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Analyst Recommendations for salesforce.com (NYSE:CRM)

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