Salesforce.com Inc (CRM) Downgraded by Vetr Inc. to “Sell”

Salesforce.com Inc (NYSE:CRM) was downgraded by investment analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday. They presently have a $104.56 price target on the CRM provider’s stock. Vetr‘s target price points to a potential downside of 3.90% from the stock’s current price.

CRM has been the topic of several other research reports. Stephens reaffirmed an “overweight” rating and issued a $107.00 target price (up previously from $100.00) on shares of Salesforce.com in a report on Thursday, August 31st. JMP Securities raised shares of Salesforce.com to a “positive” rating in a report on Friday, October 6th. Northland Securities reaffirmed a “buy” rating and issued a $105.00 target price on shares of Salesforce.com in a report on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Salesforce.com in a report on Thursday, November 9th. Finally, BMO Capital Markets raised their target price on shares of Salesforce.com from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and forty-six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $108.49.

Salesforce.com (NYSE CRM) traded up $1.43 during midday trading on Tuesday, hitting $108.80. 10,633,645 shares of the stock traded hands, compared to its average volume of 4,394,671. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. Salesforce.com has a twelve month low of $66.43 and a twelve month high of $109.19. The stock has a market capitalization of $78,190.00, a price-to-earnings ratio of 537.90, a price-to-earnings-growth ratio of 10.67 and a beta of 1.23.

Salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The firm’s revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. analysts forecast that Salesforce.com will post 0.4 EPS for the current fiscal year.

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In other Salesforce.com news, CFO Mark J. Hawkins sold 490 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total value of $45,824.80. Following the completion of the transaction, the chief financial officer now owns 14,886 shares in the company, valued at approximately $1,392,138.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Parker Harris sold 8,027 shares of the company’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 value of $770,672.27. Following the completion of the transaction, the insider now owns 51,572 shares of the company’s stock, valued at approximately $4,951,427.72. The disclosure for this sale can be found here. Insiders have sold a total of 736,446 shares of company stock valued at $74,091,881 in the last quarter. Company insiders own 6.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CRM. Capital Analysts LLC boosted its stake in shares of Salesforce.com by 14.1% during the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after buying an additional 156 shares during the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of 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 valued at $121,000 after buying an additional 1,350 shares during the last quarter. People s United Financial Inc. boosted its stake in shares of 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 valued at $127,000 after buying an additional 550 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new position in shares of Salesforce.com during the 2nd quarter valued at approximately $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in shares of 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 valued at $131,000 after buying an additional 940 shares during the last quarter. 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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