salesforce.com, inc. (NYSE:CRM) reached a new 52-week high on Monday after Oppenheimer raised their price target on the stock from $125.00 to $135.00. Oppenheimer currently has an outperform rating on the stock. salesforce.com traded as high as $116.67 and last traded at $116.35, with a volume of 3454986 shares changing hands. The stock had previously closed at $114.96.
CRM has been the topic of several other research reports. Guggenheim reiterated a “buy” rating and set a $128.00 price objective on shares of salesforce.com in a research report on Thursday, January 11th. Cleveland Research assumed coverage on salesforce.com in a research report on Wednesday, January 31st. They set a “buy” rating on the stock. Stifel Nicolaus increased their price objective on salesforce.com from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. BTIG Research increased their price objective on salesforce.com to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Cowen reiterated a “buy” rating and set a $118.00 price objective on shares of salesforce.com in a research report on Tuesday, November 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and forty-four have given a buy rating to the stock. salesforce.com currently has a consensus rating of “Buy” and an average price target of $115.24.
In other news, CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $116.23, for a total transaction of $581,150.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Alexandre Dayon sold 1,015 shares of salesforce.com stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $113.47, for a total value of $115,172.05. Following the sale, the insider now directly owns 17,452 shares in the company, valued at $1,980,278.44. The disclosure for this sale can be found here. Insiders have sold 264,923 shares of company stock worth $28,892,318 over the last three months. Insiders own 6.20% of the company’s stock.
The stock has a market capitalization of $84,130.00, a P/E ratio of 11,647.00, a P/E/G ratio of 6.37 and a beta of 1.32. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08.
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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.
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