Salesforce.com Inc. (NYSE:CRM) has been assigned a $95.00 price objective by analysts at Cowen and Company in a report issued on Tuesday. The firm currently has a “buy” rating on the CRM provider’s stock. Cowen and Company’s price target points to a potential upside of 30.30% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Bank of America Corp. reaffirmed a “buy” rating and issued a $70.52 target price (down from $100.00) on shares of Salesforce.com in a report on Wednesday, October 5th. Vetr raised shares of Salesforce.com from a “hold” rating to a “buy” rating in a report on Friday, September 23rd. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, August 15th. Mizuho upped their target price on shares of Salesforce.com from $85.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $98.00 target price (up from $96.00) on shares of Salesforce.com in a report on Friday, August 26th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and forty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $92.05.

Analyst Recommendations for Salesforce.com (NYSE:CRM)

Salesforce.com (NYSE:CRM) traded up 0.473% during midday trading on Tuesday, reaching $73.275. The company had a trading volume of 4,517,402 shares. The firm has a market capitalization of $51.05 billion, a P/E ratio of 248.390 and a beta of 1.55. Salesforce.com has a one year low of $52.60 and a one year high of $84.48. The stock’s 50 day moving average price is $74.32 and its 200-day moving average price is $77.55.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Thursday, November 17th. The CRM provider reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The company earned $2.14 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the business posted $0.21 EPS. The company’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities research analysts anticipate that Salesforce.com will post $0.98 earnings per share for the current year.

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In other news, Director Susan Wojcicki purchased 1,356 shares of the company’s stock in a transaction on Monday, September 19th. The stock was acquired at an average price of $73.71 per share, with a total value of $99,950.76. Following the transaction, the director now directly owns 14,147 shares of the company’s stock, valued at approximately $1,042,775.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joe Allanson sold 577 shares of the stock in a transaction on Friday, November 25th. The shares were sold at an average price of $73.73, for a total transaction of $42,542.21. Following the sale, the insider now directly owns 29,353 shares of the company’s stock, valued at approximately $2,164,196.69. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in CRM. ETRADE Capital Management LLC raised its position in shares of Salesforce.com by 20.8% in the third quarter. ETRADE Capital Management LLC now owns 6,565 shares of the CRM provider’s stock valued at $468,000 after buying an additional 1,131 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of Salesforce.com during the third quarter valued at approximately $9,398,000. Marvin & Palmer Associates Inc. raised its position in shares of Salesforce.com by 90.8% in the third quarter. Marvin & Palmer Associates Inc. now owns 56,660 shares of the CRM provider’s stock valued at $4,042,000 after buying an additional 26,960 shares during the period. LPL Financial LLC raised its position in shares of Salesforce.com by 6.2% in the third quarter. LPL Financial LLC now owns 26,626 shares of the CRM provider’s stock valued at $1,934,000 after buying an additional 1,554 shares during the period. Finally, Peloton Wealth Strategists bought a new position in shares of Salesforce.com during the third quarter valued at approximately $2,040,000. 85.24% of the stock is owned by institutional investors and hedge funds.

Salesforce.com Company Profile

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

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