salesforce.com, inc. (CRM) Stock Rating Reaffirmed by FBN Securities

salesforce.com, inc. (NYSE:CRM)‘s stock had its “outperform” rating reaffirmed by stock analysts at FBN Securities in a research note issued to investors on Sunday, May 21st. They currently have a $105.00 target price on the CRM provider’s stock, up from their previous target price of $100.00. FBN Securities’ price objective points to a potential upside of 20.80% from the company’s previous close.

A number of other analysts have also issued reports on CRM. MKM Partners reissued a “buy” rating and issued a $104.00 price target (up from $98.00) on shares of salesforce.com, inc. in a research report on Friday, May 19th. Vetr lowered shares of salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 price target for the company. in a research report on Wednesday, March 8th. Mizuho reissued a “buy” rating and issued a $100.00 price target (up from $95.00) on shares of salesforce.com, inc. in a research report on Friday, May 19th. BMO Capital Markets reduced their price target on shares of salesforce.com, inc. from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $100.00 price target on shares of salesforce.com, inc. in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $96.78.

Analyst Recommendations for salesforce.com, inc. (NYSE:CRM)

Shares of salesforce.com, inc. (CRM) traded down 0.71% during trading on Friday, reaching $86.92. 3,083,618 shares of the company’s stock traded hands. The company has a market capitalization of $61.90 billion, a price-to-earnings ratio of 459.89 and a beta of 1.24. The stock has a 50-day moving average of $88.51 and a 200-day moving average of $81.28. salesforce.com, inc. has a 1-year low of $66.43 and a 1-year high of $91.99.

salesforce.com, inc. (NYSE:CRM) last announced its earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. salesforce.com, inc. had a negative net margin of 0.39% and a negative return on equity of 0.48%. The company had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, equities analysts predict that salesforce.com, inc. will post $1.30 EPS for the current fiscal year.

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In other news, EVP Burke F. Norton sold 379,189 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $91.37, for a total transaction of $34,646,498.93. Following the completion of the transaction, the executive vice president now directly owns 82,843 shares in the company, valued at $7,569,364.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Marc Benioff sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $89.80, for a total value of $898,000.00. Following the transaction, the chief executive officer now owns 34,195,300 shares of the company’s stock, valued at $3,070,737,940. The disclosure for this sale can be found here. Insiders sold 1,568,176 shares of company stock worth $137,235,429 over the last ninety days. 6.70% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of CRM. Cpcm LLC increased its stake in shares of salesforce.com, inc. by 3.1% in the first quarter. Cpcm LLC now owns 5,084 shares of the CRM provider’s stock worth $419,000 after buying an additional 155 shares during the last quarter. Aldebaran Financial Inc. increased its stake in shares of salesforce.com, inc. by 0.7% in the first quarter. Aldebaran Financial Inc. now owns 14,570 shares of the CRM provider’s stock worth $1,202,000 after buying an additional 100 shares during the last quarter. Columbia Partners L L C Investment Management increased its stake in shares of salesforce.com, inc. by 21.1% in the first quarter. Columbia Partners L L C Investment Management now owns 41,934 shares of the CRM provider’s stock worth $3,459,000 after buying an additional 7,317 shares during the last quarter. Piedmont Investment Advisors LLC increased its stake in shares of salesforce.com, inc. by 0.9% in the first quarter. Piedmont Investment Advisors LLC now owns 135,864 shares of the CRM provider’s stock worth $11,207,000 after buying an additional 1,224 shares during the last quarter. Finally, Ballentine Partners LLC increased its stake in shares of salesforce.com, inc. by 32.4% in the first quarter. Ballentine Partners LLC now owns 8,182 shares of the CRM provider’s stock worth $675,000 after buying an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 85.69% of the company’s stock.

About salesforce.com, inc.

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.

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