Salesforce.com Inc (NYSE:CRM)‘s stock had its “buy” rating restated by Raymond James Financial, Inc. in a research note issued to investors on Wednesday. They currently have a $125.00 target price on the CRM provider’s stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 17.01% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of Salesforce.com in a research note on Wednesday. Goldman Sachs Group Inc set a $122.00 target price on shares of Salesforce.com and gave the company a “buy” rating in a research note on Thursday. Cowen Inc restated a “buy” rating and issued a $118.00 target price on shares of Salesforce.com in a research note on Tuesday. Drexel Hamilton restated a “buy” rating and issued a $120.00 target price on shares of Salesforce.com in a research note on Tuesday. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $125.00 target price (up from $100.00) on shares of Salesforce.com in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $112.41.

Salesforce.com (NYSE CRM) opened at $106.83 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.77 and a current ratio of 0.77. Salesforce.com has a one year low of $66.43 and a one year high of $109.19. The stock has a market cap of $78,194.56, a P/E ratio of 340.00, a PEG ratio of 10.79 and a beta of 1.24.

Salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. Salesforce.com had a net margin of 0.09% and a return on equity of 2.88%. Salesforce.com’s revenue was up 25.0% compared to the same quarter last year. During the same period last year, the firm earned $0.24 earnings per share. analysts predict that Salesforce.com will post 0.4 EPS for the current year.

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In other Salesforce.com news, insider Alexandre Dayon sold 124,331 shares of Salesforce.com stock in a transaction on Friday, October 20th. The shares were sold at an average price of $99.00, for a total value of $12,308,769.00. Following the completion of the transaction, the insider now owns 154,406 shares of the company’s stock, valued at $15,286,194. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Parker Harris sold 8,026 shares of Salesforce.com stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $92.61, for a total transaction of $743,287.86. Following the completion of the transaction, the insider now directly owns 51,571 shares of the company’s stock, valued at approximately $4,775,990.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 735,682 shares of company stock valued at $74,020,397. 6.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $3,996,548,000 after purchasing an additional 2,268,623 shares during the period. Jennison Associates LLC grew its position 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 valued at $1,629,796,000 after purchasing an additional 2,740,329 shares during the period. Janus Henderson Group PLC grew its position in shares of Salesforce.com by 5.3% in the third quarter. Janus Henderson Group PLC now owns 13,435,212 shares of the CRM provider’s stock valued at $1,255,082,000 after purchasing an additional 675,471 shares during the period. TIAA CREF Investment Management LLC grew its position 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 valued at $809,259,000 after purchasing an additional 592,409 shares during the period. Finally, Winslow Capital Management LLC grew its position in shares of Salesforce.com by 12.0% in the second quarter. Winslow Capital Management LLC now owns 6,266,919 shares of the CRM provider’s stock valued at $542,715,000 after purchasing an additional 670,197 shares during the period. 86.39% of the stock is owned by 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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