salesforce.com (NYSE:CRM)‘s stock had its “buy” rating restated by stock analysts at Wells Fargo & Co in a note issued to investors on Thursday, The Fly reports. They currently have a $175.00 price objective on the CRM provider’s stock, up from their previous price objective of $155.00. Wells Fargo & Co’s price target would indicate a potential upside of 14.51% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CRM. Canaccord Genuity reiterated a “buy” rating on shares of salesforce.com in a research report on Thursday, June 28th. Jefferies Financial Group upped their price objective on shares of salesforce.com to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. JMP Securities upped their price objective on shares of salesforce.com from $163.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday. Piper Jaffray Companies reiterated a “buy” rating on shares of salesforce.com in a research report on Thursday. Finally, Wedbush reiterated an “outperform” rating and set a $170.00 price objective on shares of salesforce.com in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $154.98.

Shares of NYSE:CRM traded up $0.68 during midday trading on Thursday, hitting $152.82. The stock had a trading volume of 42,066 shares, compared to its average volume of 3,980,893. The stock has a market capitalization of $112.28 billion, a PE ratio of 339.62, a PEG ratio of 6.06 and a beta of 1.11. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. salesforce.com has a fifty-two week low of $92.11 and a fifty-two week high of $154.97.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.24. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.23 billion. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. research analysts predict that salesforce.com will post 1.01 EPS for the current fiscal year.

In other news, Director Sanford Robertson sold 30,000 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $134.05, for a total value of $4,021,500.00. Following the sale, the director now directly owns 174,806 shares of the company’s stock, valued at approximately $23,432,744.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Marc Benioff sold 10,000 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $153.08, for a total transaction of $1,530,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 18,000 shares of company stock worth $2,584,260 and sold 505,140 shares worth $71,530,340. Corporate insiders own 6.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. Harvest Fund Management Co. Ltd boosted its stake in shares of salesforce.com by 64.1% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock valued at $121,000 after purchasing an additional 409 shares during the last quarter. TLP Group LLC boosted its stake in salesforce.com by 353.9% during the first quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock worth $128,000 after acquiring an additional 860 shares in the last quarter. Private Capital Group LLC boosted its stake in salesforce.com by 91.9% during the first quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock worth $132,000 after acquiring an additional 543 shares in the last quarter. Resources Investment Advisors Inc. boosted its stake in salesforce.com by 328.2% during the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after acquiring an additional 965 shares in the last quarter. Finally, CWM LLC boosted its stake in salesforce.com by 95.8% during the second quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after acquiring an additional 645 shares in the last quarter. 85.25% of the stock is currently owned by institutional investors.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Analyst Recommendations for salesforce.com (NYSE:CRM)

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