Shares of Salesforce.com Inc (NYSE:CRM) have received a consensus rating of “Buy” from the fifty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and forty-four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $113.97.

A number of equities research analysts recently issued reports on the company. Vetr lowered Salesforce.com from a “hold” rating to a “sell” rating and set a $104.56 target price on the stock. in a research note on Tuesday, November 21st. BMO Capital Markets boosted their price target on Salesforce.com from $112.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Piper Jaffray Companies reiterated an “overweight” rating and issued a $135.00 price target on shares of Salesforce.com in a report on Wednesday, November 22nd. KeyCorp reiterated an “overweight” rating and issued a $124.00 price target (up from $108.00) on shares of Salesforce.com in a report on Wednesday, November 22nd. Finally, Royal Bank Of Canada boosted their price target on Salesforce.com from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd.

Shares of Salesforce.com (CRM) opened at $103.44 on Monday. The company has a market capitalization of $74,710.00, a P/E ratio of 323.25, a PEG ratio of 9.72 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. Salesforce.com has a 52 week low of $68.23 and a 52 week high of $109.19.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Salesforce.com’s revenue was up 25.0% on a year-over-year basis. research analysts expect that Salesforce.com will post 0.43 earnings per share for the current fiscal year.

In related news, insider Keith Block sold 15,282 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $95.99, for a total transaction of $1,466,919.18. Following the transaction, the insider now owns 10,000 shares in the company, valued at $959,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alexandre Dayon sold 124,331 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the transaction, the insider now owns 154,406 shares in the company, valued at approximately $15,286,194. The disclosure for this sale can be found here. Insiders sold 670,072 shares of company stock worth $68,439,414 in the last 90 days. 6.20% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp boosted its stake in Salesforce.com by 10.7% in the 2nd quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock worth $1,927,000 after purchasing an additional 2,144 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its stake in shares of Salesforce.com by 142.5% during the 2nd quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock valued at $10,800,000 after buying an additional 73,271 shares during the period. Rosenblum Silverman Sutton S F Inc. CA boosted its stake in shares of Salesforce.com by 15.6% during the 2nd quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock valued at $5,249,000 after buying an additional 8,181 shares during the period. Prudential Financial Inc. boosted its stake in shares of Salesforce.com by 1.4% during the 2nd quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock valued at $78,914,000 after buying an additional 12,516 shares during the period. Finally, Summit Global Investments boosted its stake in shares of Salesforce.com by 85.3% during the 2nd quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock valued at $2,026,000 after buying an additional 10,768 shares during the period. 85.75% of the stock is owned by hedge funds and other institutional investors.

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About Salesforce.com

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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