Canaccord Genuity reaffirmed their buy rating on shares of Salesforce.com Inc (NYSE:CRM) in a research report sent to investors on Monday.

A number of other equities research analysts also recently issued reports on the stock. Northland Securities set a $105.00 price target on shares of Salesforce.com and gave the company a buy rating in a research note on Saturday, June 24th. MKM Partners reaffirmed a buy rating and set a $104.00 price target (up previously from $98.00) on shares of Salesforce.com in a research note on Friday, May 19th. Jefferies Group LLC reaffirmed a hold rating and set a $80.00 price target on shares of Salesforce.com in a research note on Monday, May 22nd. BTIG Research reaffirmed a buy rating and set a $100.00 price target on shares of Salesforce.com in a research note on Monday, May 22nd. Finally, Robert W. Baird reaffirmed a buy rating and set a $110.00 price target (up previously from $100.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-seven have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $102.28.

Salesforce.com (NYSE CRM) opened at 95.61 on Monday. Salesforce.com has a 12 month low of $66.43 and a 12 month high of $98.22. The stock’s market cap is $68.71 billion. The company has a 50-day moving average of $92.48 and a 200-day moving average of $87.84.

Salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Salesforce.com’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, equities analysts forecast that Salesforce.com will post $1.32 EPS for the current fiscal year.

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In other Salesforce.com news, insider Parker Harris sold 8,027 shares of Salesforce.com stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $87.27, for a total transaction of $700,516.29. Following the sale, the insider now owns 49,913 shares of the company’s stock, valued at approximately $4,355,907.51. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Hawkins sold 111,646 shares of Salesforce.com stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $95.08, for a total transaction of $10,615,301.68. Following the sale, the chief financial officer now directly owns 118,302 shares in the company, valued at approximately $11,248,154.16. The disclosure for this sale can be found here. Insiders sold a total of 653,850 shares of company stock worth $58,869,048 in the last three months. 6.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. boosted its stake in Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after purchasing an additional 18 shares during the last quarter. First Personal Financial Services boosted its stake in Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares during the last quarter. Appropriate Balance Financial Services Inc. boosted its stake in Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after purchasing an additional 33 shares during the last quarter. Intrust Bank NA boosted its stake in Salesforce.com by 0.4% during the 1st quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock worth $731,000 after purchasing an additional 36 shares during the last quarter. Finally, Boston Private Wealth LLC boosted its stake in Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after purchasing an additional 38 shares during the last quarter. 86.98% of the stock is currently owned by institutional investors.

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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