Salesforce.com Inc. (NYSE:CRM)‘s stock had its “buy” rating reiterated by investment analysts at Credit Agricole SA in a note issued to investors on Wednesday. They presently have a $101.00 price objective on the CRM provider’s stock. Credit Agricole SA’s price objective indicates a potential upside of 41.73% from the stock’s current price.

Several other research analysts have also commented on CRM. Bank of America Corp. reissued a “buy” rating on shares of Salesforce.com in a research report on Wednesday, June 8th. Brean Capital reissued a “buy” rating and issued a $110.00 price target on shares of Salesforce.com in a research report on Thursday, June 9th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Salesforce.com in a research report on Monday, June 13th. SunTrust Banks Inc. reissued a “buy” rating and issued a $98.00 price target on shares of Salesforce.com in a research report on Tuesday, June 14th. Finally, BMO Capital Markets initiated coverage on Salesforce.com in a research report on Tuesday, June 14th. They issued an “outperform” rating and a $98.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-four have issued a buy rating to the company. Salesforce.com has an average rating of “Buy” and a consensus target price of $92.56.

Analyst Recommendations for Salesforce.com (NYSE:CRM)

Salesforce.com (NYSE:CRM) opened at 71.26 on Wednesday. Salesforce.com has a 12 month low of $52.60 and a 12 month high of $84.48. The firm has a 50-day moving average price of $74.52 and a 200 day moving average price of $77.71. The stock has a market capitalization of $48.81 billion, a PE ratio of 219.94 and a beta of 1.59.

Salesforce.com (NYSE:CRM) last issued its earnings results on Wednesday, August 31st. The CRM provider reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The business earned $2.04 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. Equities analysts anticipate that Salesforce.com will post $0.95 earnings per share for the current year.

In other news, insider Alexandre Dayon sold 2,158 shares of Salesforce.com stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $73.82, for a total transaction of $159,303.56. Following the sale, the insider now owns 17,454 shares in the company, valued at $1,288,454.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Marc Benioff sold 12,500 shares of Salesforce.com stock in a transaction dated Thursday, October 6th. The stock was sold at an average price of $71.17, for a total value of $889,625.00. Following the sale, the chairman now owns 35,033,000 shares in the company, valued at approximately $2,493,298,610. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Salesforce.com by 3.1% in the second quarter. Vanguard Group Inc. now owns 39,426,135 shares of the CRM provider’s stock worth $3,130,829,000 after buying an additional 1,181,756 shares during the period. Jennison Associates LLC boosted its stake in Salesforce.com by 0.9% in the second quarter. Jennison Associates LLC now owns 20,109,339 shares of the CRM provider’s stock worth $1,596,883,000 after buying an additional 183,663 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in Salesforce.com by 0.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 16,394,124 shares of the CRM provider’s stock worth $1,301,857,000 after buying an additional 127,481 shares during the period. Ameriprise Financial Inc. boosted its stake in Salesforce.com by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 8,227,065 shares of the CRM provider’s stock worth $653,308,000 after buying an additional 353,274 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in Salesforce.com by 0.7% in the second quarter. Baillie Gifford & Co. now owns 6,981,936 shares of the CRM provider’s stock worth $554,435,000 after buying an additional 47,955 shares during the period. Institutional investors and hedge funds own 87.23% of the company’s stock.

About Salesforce.com

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

5 Day Chart for NYSE:CRM

Receive News & Stock Ratings for Salesforce.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc. and related stocks with our FREE daily email newsletter.