KeyCorp restated their overweight rating on shares of Salesforce.com Inc (NYSE:CRM) in a research note issued to investors on Wednesday. KeyCorp currently has a $124.00 price target on the CRM provider’s stock, up from their previous price target of $108.00.

A number of other research firms have also recently issued reports on CRM. J P Morgan Chase & Co restated a buy rating and set a $95.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton restated a buy rating and set a $111.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a buy rating and set a $115.00 target price on shares of Salesforce.com in a research note on Wednesday, November 1st. Deutsche Bank AG restated a buy rating and set a $90.00 target price (down previously from $95.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Finally, Canaccord Genuity restated a buy rating on shares of Salesforce.com in a research note on Monday, September 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $112.41.

Salesforce.com (NYSE:CRM) traded down $1.97 during midday trading on Wednesday, hitting $106.83. 9,003,551 shares of the stock were exchanged, compared to its average volume of 4,415,381. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. The firm has a market cap of $78,194.56, a PE ratio of 340.00, a PEG ratio of 10.79 and a beta of 1.24. Salesforce.com has a one year low of $66.43 and a one year 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, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Salesforce.com had a net margin of 0.09% and a return on equity of 2.88%. Salesforce.com’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. equities analysts anticipate that Salesforce.com will post 0.4 EPS for the current fiscal year.

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In other news, insider Maria Martinez sold 726 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $93.38, for a total value of $67,793.88. Following the transaction, the insider now owns 20,833 shares in the company, valued at approximately $1,945,385.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parker Harris sold 8,027 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $96.01, for a total transaction of $770,672.27. Following the completion of the transaction, the insider now owns 51,572 shares in the company, valued at approximately $4,951,427.72. The disclosure for this sale can be found here. Insiders sold a total of 735,682 shares of company stock worth $74,020,397 in the last 90 days. Corporate insiders own 6.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CRM. Janus Henderson Group PLC lifted its position in shares of Salesforce.com by 911.7% in the 2nd quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after purchasing an additional 11,498,509 shares during the period. Jennison Associates LLC increased its stake in shares of Salesforce.com by 17.0% in the 2nd quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock valued at $1,629,796,000 after acquiring an additional 2,740,329 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Salesforce.com by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after acquiring an additional 2,268,623 shares in the last quarter. Tybourne Capital Management HK Ltd. increased its stake in shares of Salesforce.com by 76.5% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock valued at $410,323,000 after acquiring an additional 2,053,200 shares in the last quarter. Finally, Harbour Capital Advisors LLC increased its stake in shares of Salesforce.com by 8,573.8% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,358,321 shares of the CRM provider’s stock valued at $15,685,000 after acquiring an additional 1,342,661 shares in the last quarter. Hedge funds and other institutional investors own 86.39% of the company’s stock.

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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