Salesforce.com Inc (CRM) Given a $121.00 Price Target by Goldman Sachs Group, Inc. (The) Analysts

Salesforce.com Inc (NYSE:CRM) received a $121.00 price objective from equities research analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Friday. The firm currently has a “buy” rating on the CRM provider’s stock. Goldman Sachs Group, Inc. (The)’s price objective points to a potential upside of 12.47% from the stock’s current price.

CRM has been the topic of a number of other research reports. Vetr lowered Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price on the stock. in a report on Tuesday, August 15th. Mizuho reaffirmed a “buy” rating and set a $120.00 price target (up from $110.00) on shares of Salesforce.com in a research report on Monday, November 13th. Societe Generale set a $130.00 price target on Salesforce.com and gave the company a “buy” rating in a research report on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating and set a $115.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Finally, Northland Securities reaffirmed a “buy” rating and set a $105.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $108.49.

Salesforce.com (NYSE CRM) opened at $107.58 on Friday. The stock has a market capitalization of $77,317.75, a P/E ratio of 537.90, a price-to-earnings-growth ratio of 10.67 and a beta of 1.24. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08. Salesforce.com has a fifty-two week low of $66.43 and a fifty-two week high of $107.87.

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

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In other news, Director Craig Conway sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $105.90, for a total value of $26,475.00. Following the transaction, the director now directly owns 9,408 shares in the company, valued at approximately $996,307.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Keith Block sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $106.79, for a total transaction of $1,067,900.00. Following the completion of the transaction, the insider now owns 24,154 shares in the company, valued at $2,579,405.66. The disclosure for this sale can be found here. Insiders have sold 553,725 shares of company stock valued at $54,048,238 in the last three months. Corporate insiders own 6.20% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Capital Analysts LLC lifted its holdings in shares of Salesforce.com by 14.1% in the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after acquiring an additional 156 shares during the last quarter. Peddock Capital Advisors LLC increased its stake in Salesforce.com by 3,000.0% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after buying an additional 1,350 shares during the period. People s United Financial Inc. increased its stake in Salesforce.com by 60.1% during the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after buying an additional 550 shares during the period. Shine Investment Advisory Services Inc. purchased a new stake in Salesforce.com during the 2nd quarter worth approximately $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in Salesforce.com by 204.3% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after buying an additional 940 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

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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