Royal Bank Of Canada reissued their buy rating on shares of Salesforce.com Inc (NYSE:CRM) in a research report sent to investors on Friday. They currently have a $109.00 price target on the CRM provider’s stock.

Several other analysts have also weighed in on CRM. Zacks Investment Research raised Salesforce.com from a hold rating to a buy rating and set a $102.00 price objective on the stock in a research note on Monday, August 21st. Credit Suisse Group began coverage on Salesforce.com in a research note on Tuesday, August 1st. They issued an outperform rating and a $110.00 price objective on the stock. Wells Fargo & Company reaffirmed a buy rating and issued a $100.00 price objective on shares of Salesforce.com in a research note on Thursday, August 24th. BNP Paribas reaffirmed a buy rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Friday, August 25th. Finally, JMP Securities reaffirmed a buy rating and issued a $95.00 price objective on shares of Salesforce.com in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $102.75.

Salesforce.com (NYSE:CRM) opened at 98.44 on Friday. The company’s 50 day moving average price is $95.67 and its 200 day moving average price is $90.50. The stock’s market cap is $70.75 billion. Salesforce.com has a 12 month low of $66.43 and a 12 month high of $99.44.

Salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.24. The company 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%. Salesforce.com’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.24 EPS. Equities analysts forecast that Salesforce.com will post $1.32 EPS for the current fiscal year.

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In related news, insider Alexandre Dayon sold 124,331 shares of the business’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the sale, the insider now directly owns 154,406 shares in the company, valued at approximately $15,286,194. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Mark J. Hawkins sold 8,625 shares of the business’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of $90.50, for a total value of $780,562.50. Following the sale, the chief financial officer now owns 22,585 shares in the company, valued at $2,043,942.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 557,094 shares of company stock worth $52,921,738. Corporate insiders own 6.20% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Synovus Financial Corp grew its position in Salesforce.com by 10.7% during the second quarter. Synovus Financial Corp now owns 22,247 shares of the CRM provider’s stock worth $1,927,000 after buying an additional 2,144 shares in the last quarter. Dai Ichi Life Insurance Company Ltd grew its position in Salesforce.com by 142.5% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 124,707 shares of the CRM provider’s stock worth $10,800,000 after buying an additional 73,271 shares in the last quarter. Rosenblum Silverman Sutton S F Inc. CA grew its position in Salesforce.com by 15.6% during the second quarter. Rosenblum Silverman Sutton S F Inc. CA now owns 60,612 shares of the CRM provider’s stock worth $5,249,000 after buying an additional 8,181 shares in the last quarter. Prudential Financial Inc. grew its position in Salesforce.com by 1.4% during the second quarter. Prudential Financial Inc. now owns 911,249 shares of the CRM provider’s stock worth $78,914,000 after buying an additional 12,516 shares in the last quarter. Finally, Summit Global Investments grew its position in Salesforce.com by 85.3% during the second quarter. Summit Global Investments now owns 23,394 shares of the CRM provider’s stock worth $2,026,000 after buying an additional 10,768 shares in the last quarter. Institutional investors and hedge funds own 86.00% of the company’s stock.

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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