Salesforce.com Inc (NYSE:CRM)‘s stock had its “buy” rating reissued by equities researchers at Morgan Stanley in a research note issued to investors on Thursday. They presently have a $107.00 target price on the CRM provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 13.71% from the company’s current price.

Several other equities analysts have also weighed in on CRM. Wedbush reaffirmed an “outperform” rating and issued a $108.00 price objective on shares of Salesforce.com in a research note on Wednesday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research note on Thursday. Vetr lowered Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price objective on the stock. in a research note on Tuesday, August 15th. Northland Securities reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Salesforce.com in a research note on Wednesday. Finally, William Blair reaffirmed a “buy” rating on shares of Salesforce.com in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and forty-five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $101.72.

Salesforce.com (NYSE CRM) traded down 0.05% on Thursday, reaching $94.10. 5,310,995 shares of the company traded hands. The stock has a 50 day moving average of $90.24 and a 200-day moving average of $86.50. The stock’s market capitalization is $67.00 billion. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $95.23. Salesforce.com also was the target of some unusual options trading on Tuesday. Stock traders acquired 23,180 put options on the stock. This is an increase of 439% compared to the average volume of 4,300 put options.

Salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating 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 revenue was up 25.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. On average, equities analysts anticipate that Salesforce.com will post $1.31 EPS for the current year.

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In other news, CFO Mark J. Hawkins sold 490 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total transaction of $45,824.80. Following the sale, the chief financial officer now directly owns 14,886 shares of the company’s stock, valued at $1,392,138.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joe Allanson sold 279 shares of the business’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $90.77, for a total value of $25,324.83. Following the sale, the insider now directly owns 28,753 shares in the company, valued at $2,609,909.81. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,270,082 shares of company stock valued at $114,312,463. Insiders own 6.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Thompson Davis & CO. Inc. raised its position in Salesforce.com by 0.6% in the second quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after buying an additional 18 shares during the last quarter. First Personal Financial Services raised its position in Salesforce.com by 1.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock valued at $142,000 after buying an additional 25 shares during the last quarter. Appropriate Balance Financial Services Inc. raised its position in Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after buying an additional 33 shares during the last quarter. Intrust Bank NA raised its position in Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock valued at $731,000 after buying an additional 36 shares during the last quarter. Finally, Boston Private Wealth LLC raised its position in Salesforce.com by 0.3% in the second quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock valued at $1,092,000 after buying an additional 38 shares during the last quarter. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

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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