Traders sold shares of salesforce.com, inc. (NYSE:CRM) on strength during trading on Monday. $85.84 million flowed into the stock on the tick-up and $117.37 million flowed out of the stock on the tick-down, for a money net flow of $31.53 million out of the stock. Of all companies tracked, salesforce.com had the 26th highest net out-flow for the day. salesforce.com traded up $2.77 for the day and closed at $158.76

Several research firms have weighed in on CRM. Atlantic Securities began coverage on salesforce.com in a research report on Wednesday, January 9th. They set an “overweight” rating and a $179.00 price objective on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $185.00 price objective (up from $175.00) on shares of salesforce.com in a research report on Tuesday, March 5th. Canaccord Genuity reaffirmed a “buy” rating and set a $175.00 price objective (up from $165.00) on shares of salesforce.com in a research report on Wednesday, March 6th. Exane BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They set an “outperform” rating for the company. Finally, Barclays lifted their target price on shares of salesforce.com to $180.00 and gave the company an “overweight” rating in a report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $177.82.

The firm has a market capitalization of $121.29 billion, a price-to-earnings ratio of 109.49, a P/E/G ratio of 5.68 and a beta of 1.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period in the previous year, the business earned $0.35 EPS. On average, analysts forecast that salesforce.com, inc. will post 1.2 EPS for the current year.

In related news, insider Srinivas Tallapragada sold 362 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total value of $53,992.30. Following the completion of the transaction, the insider now directly owns 1,517 shares in the company, valued at approximately $226,260.55. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Joe Allanson sold 667 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $159.60, for a total transaction of $106,453.20. Following the completion of the transaction, the chief accounting officer now owns 31,633 shares of the company’s stock, valued at $5,048,626.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 445,691 shares of company stock valued at $70,458,306. 6.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bremer Trust National Association grew its position in salesforce.com by 0.4% in the 4th quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock worth $2,455,000 after purchasing an additional 66 shares during the period. Highland Private Wealth Management grew its position in salesforce.com by 3.3% in the 4th quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock worth $291,000 after purchasing an additional 68 shares during the period. Asset Dedication LLC grew its position in salesforce.com by 45.3% in the 1st quarter. Asset Dedication LLC now owns 218 shares of the CRM provider’s stock worth $35,000 after purchasing an additional 68 shares during the period. Mycio Wealth Partners LLC grew its position in salesforce.com by 2.5% in the 4th quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock worth $388,000 after purchasing an additional 70 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its position in salesforce.com by 1.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,983 shares of the CRM provider’s stock worth $546,000 after purchasing an additional 72 shares during the period. Institutional investors own 83.02% of the company’s stock.

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About salesforce.com (NYSE:CRM)

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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