salesforce.com (NYSE:CRM) had its price objective upped by equities research analysts at Mizuho from $120.00 to $140.00 in a report released on Thursday. The brokerage currently has a “buy” rating on the CRM provider’s stock. Mizuho’s price target points to a potential upside of 20.43% from the stock’s current price.
Several other research analysts have also commented on the stock. BMO Capital Markets raised their price objective on shares of salesforce.com from $112.00 to $118.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Royal Bank of Canada reissued a “buy” rating on shares of salesforce.com in a research note on Thursday, November 9th. KeyCorp reissued a “buy” rating and issued a $108.00 price objective on shares of salesforce.com in a research note on Wednesday, November 8th. Morgan Stanley reissued an “overweight” rating and issued a $127.00 price objective (up previously from $107.00) on shares of salesforce.com in a research note on Thursday, November 16th. Finally, Vetr raised shares of salesforce.com from a “hold” rating to a “buy” rating and set a $110.67 price objective for the company in a research note on Tuesday, December 12th. Two 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 company. salesforce.com has a consensus rating of “Buy” and an average target price of $116.87.
salesforce.com (NYSE:CRM) opened at $116.25 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $84,126.29, a PE ratio of 11,625.00, a price-to-earnings-growth ratio of 6.45 and a beta of 1.32. salesforce.com has a 12 month low of $80.50 and a 12 month high of $118.15.
In other salesforce.com news, Director Susan Wojcicki bought 6,000 shares of the stock in a transaction dated Tuesday, January 9th. The shares were acquired at an average cost of $109.14 per share, for a total transaction of $654,840.00. Following the completion of the transaction, the director now owns 39,223 shares in the company, valued at approximately $4,280,798.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark J. Hawkins sold 16,844 shares of the firm’s stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $101.75, for a total transaction of $1,713,877.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 269,923 shares of company stock worth $29,477,968. Insiders own 6.20% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sandy Spring Bank grew its position in salesforce.com by 1.7% in the 4th quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock valued at $2,799,000 after buying an additional 470 shares during the last quarter. King Luther Capital Management Corp grew its position in salesforce.com by 16.3% in the 3rd quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock valued at $319,000 after buying an additional 479 shares during the last quarter. Cetera Advisors LLC grew its position in salesforce.com by 17.5% in the 4th quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock valued at $334,000 after buying an additional 485 shares during the last quarter. Whalerock Point Partners LLC grew its position in salesforce.com by 16.1% in the 3rd quarter. Whalerock Point Partners LLC now owns 3,615 shares of the CRM provider’s stock valued at $338,000 after buying an additional 500 shares during the last quarter. Finally, BB&T Corp grew its position in salesforce.com by 2.6% in the 4th quarter. BB&T Corp now owns 20,751 shares of the CRM provider’s stock valued at $2,121,000 after buying an additional 533 shares during the last quarter. Institutional investors and hedge funds own 86.01% of the company’s stock.
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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