Raymond James Financial, Inc. set a $125.00 price target on Salesforce.com Inc (NYSE:CRM) in a research note published on Wednesday. The brokerage currently has a buy rating on the CRM provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Barclays PLC upped their price objective on shares of Salesforce.com from $89.00 to $97.00 and gave the stock an overweight rating in a report on Wednesday, April 26th. Credit Suisse Group initiated coverage on shares of Salesforce.com in a report on Thursday, April 27th. They issued an outperform rating and a $110.00 price objective for the company. Benchmark Co. initiated coverage on shares of Salesforce.com in a report on Thursday, April 27th. They issued an outperform rating and a $100.00 price objective for the company. Zacks Investment Research cut shares of Salesforce.com from a hold rating to a sell rating in a report on Tuesday, May 2nd. Finally, Piper Jaffray Companies reiterated an overweight rating and issued a $100.00 price objective on shares of Salesforce.com in a report on Sunday, May 14th. One equities 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. Salesforce.com presently has an average rating of Buy and an average price target of $101.72.

Salesforce.com (NYSE:CRM) traded down 0.05% during trading on Wednesday, reaching $94.10. The company’s stock had a trading volume of 5,310,995 shares. The company’s market capitalization is $67.00 billion. Salesforce.com has a 52 week low of $66.43 and a 52 week high of $95.23. The company has a 50 day moving average price of $90.44 and a 200-day moving average price of $86.60.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the company posted $0.24 EPS. Salesforce.com’s revenue was up 25.7% on a year-over-year basis. Equities research analysts anticipate that Salesforce.com will post $1.31 earnings per share for the current year.

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In other Salesforce.com news, CFO Mark J. Hawkins sold 490 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $93.52, for a total value of $45,824.80. Following the sale, the chief financial officer now directly owns 14,886 shares in the company, valued at $1,392,138.72. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $91.24, for a total transaction of $912,400.00. Following the completion of the sale, the chief executive officer now owns 34,195,300 shares in the company, valued at $3,119,979,172. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,270,082 shares of company stock worth $114,312,463. Company insiders own 6.70% of the company’s stock.

Large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Salesforce.com by 5.2% in the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after buying an additional 2,268,623 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after buying an additional 2,740,329 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Salesforce.com by 911.7% in the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after buying an additional 11,498,509 shares during the last quarter. Janus Capital Management LLC raised its stake in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock worth $927,363,000 after buying an additional 1,910,921 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock worth $809,259,000 after buying an additional 592,409 shares during the last quarter. Institutional investors and hedge funds own 86.29% 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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