Salesforce.com Inc (NYSE:CRM) had its price objective raised by BMO Capital Markets from $105.00 to $112.00 in a research report report published on Friday. The brokerage currently has an outperform rating on the CRM provider’s stock.

A number of other analysts have also recently commented on CRM. Zacks Investment Research cut shares of Salesforce.com from a hold rating to a sell rating in a report on Tuesday, July 11th. Vetr lowered shares of Salesforce.com from a strong-buy rating to a buy rating and set a $97.77 price target for the company. in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a buy rating and issued a $102.00 price target on shares of Salesforce.com in a research report on Monday, July 31st. Credit Suisse Group initiated coverage on shares of Salesforce.com in a research report on Tuesday, August 1st. They issued an outperform rating and a $110.00 price target for the company. Finally, Roth Capital reiterated a buy rating and issued a $112.00 price target (up from $103.00) on shares of Salesforce.com in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have issued a buy rating to the company. Salesforce.com presently has an average rating of Buy and a consensus target price of $104.25.

Shares of Salesforce.com (NYSE CRM) traded up $0.11 during mid-day trading on Friday, reaching $102.71. 3,262,216 shares of the company’s stock were exchanged, compared to its average volume of 3,325,402. Salesforce.com has a twelve month low of $66.43 and a twelve month high of $103.92. The stock has a market capitalization of $73,817.68, a PE ratio of 513.55, a P/E/G ratio of 9.79 and a beta of 1.24. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue was up 25.7% on a year-over-year basis. sell-side analysts predict that Salesforce.com will post 0.4 earnings per share for the current year.

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In related news, insider Alexandre Dayon sold 124,331 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $99.00, for a total value of $12,308,769.00. Following the completion of the transaction, the insider now directly owns 154,406 shares of the company’s stock, valued at $15,286,194. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Keith Block sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $102.17, for a total value of $1,021,700.00. Following the completion of the transaction, the insider now directly owns 24,154 shares of the company’s stock, valued at $2,467,814.18. The disclosure for this sale can be found here. Insiders have sold 544,173 shares of company stock worth $52,389,296 over the last 90 days. Insiders own 6.20% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in CRM. Dimensional Fund Advisors LP boosted its holdings in shares of Salesforce.com by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 707,362 shares of the CRM provider’s stock valued at $58,350,000 after acquiring an additional 21,297 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Salesforce.com by 1.2% in the first quarter. Macquarie Group Ltd. now owns 448,751 shares of the CRM provider’s stock valued at $37,017,000 after acquiring an additional 5,173 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Salesforce.com by 10.3% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 18,194 shares of the CRM provider’s stock valued at $1,501,000 after acquiring an additional 1,694 shares during the period. Covington Capital Management boosted its holdings in shares of Salesforce.com by 16.6% in the first quarter. Covington Capital Management now owns 4,627 shares of the CRM provider’s stock valued at $382,000 after acquiring an additional 659 shares during the period. Finally, Lucha Capital Management LP boosted its holdings in shares of Salesforce.com by 113.4% in the first quarter. Lucha Capital Management LP now owns 149,793 shares of the CRM provider’s stock valued at $12,356,000 after acquiring an additional 79,593 shares during the period. 86.06% of the stock is owned by hedge funds and other institutional investors.

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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