salesforce.com (NYSE:CRM) Price Target Increased to $225.00 by Analysts at Morgan Stanley

Share on StockTwits

salesforce.com (NYSE:CRM) had its price target upped by Morgan Stanley from $216.00 to $225.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the CRM provider’s stock.

A number of other equities analysts also recently commented on the stock. Roth Capital restated a neutral rating on shares of salesforce.com in a research note on Wednesday, December 4th. Robert W. Baird restated a buy rating and set a $185.00 price objective on shares of salesforce.com in a research note on Thursday, November 21st. Oppenheimer raised their target price on shares of salesforce.com from $190.00 to $205.00 and gave the company an outperform rating in a research note on Friday, January 17th. Jefferies Financial Group reiterated a buy rating and issued a $195.00 target price (up from $171.00) on shares of salesforce.com in a research note on Sunday, November 17th. Finally, Credit Suisse Group raised their target price on shares of salesforce.com from $185.00 to $215.00 and gave the company an outperform rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. salesforce.com has a consensus rating of Buy and an average target price of $195.49.

salesforce.com stock opened at $189.95 on Tuesday. The firm has a 50-day moving average of $179.08 and a 200-day moving average of $160.13. salesforce.com has a one year low of $137.87 and a one year high of $192.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $168.49 billion, a price-to-earnings ratio of 202.07, a P/E/G ratio of 8.09 and a beta of 1.19.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.09. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $0.61 EPS. The company’s quarterly revenue was up 33.0% on a year-over-year basis. As a group, sell-side analysts expect that salesforce.com will post 1.28 earnings per share for the current year.

In other salesforce.com news, CAO Joe Allanson sold 323 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $162.57, for a total value of $52,510.11. Following the transaction, the chief accounting officer now directly owns 31,100 shares of the company’s stock, valued at approximately $5,055,927. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Wojcicki purchased 1,100 shares of the stock in a transaction on Wednesday, February 12th. The stock was bought at an average cost of $189.36 per share, for a total transaction of $208,296.00. Following the completion of the acquisition, the director now owns 101,870 shares in the company, valued at $19,290,103.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 470,128 shares of company stock worth $79,779,248. Insiders own 5.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd increased its holdings in shares of salesforce.com by 26.6% during the fourth quarter. Point72 Hong Kong Ltd now owns 8,575 shares of the CRM provider’s stock worth $1,395,000 after purchasing an additional 1,800 shares during the period. Sculptor Capital LP bought a new position in shares of salesforce.com during the fourth quarter worth approximately $134,088,000. Captrust Financial Advisors increased its holdings in shares of salesforce.com by 1,632.7% during the fourth quarter. Captrust Financial Advisors now owns 162,753 shares of the CRM provider’s stock worth $27,178,000 after purchasing an additional 153,360 shares during the period. Bluefin Trading LLC increased its holdings in shares of salesforce.com by 103.3% during the fourth quarter. Bluefin Trading LLC now owns 34,064 shares of the CRM provider’s stock worth $5,540,000 after purchasing an additional 17,312 shares during the period. Finally, Orion Portfolio Solutions LLC bought a new position in shares of salesforce.com during the fourth quarter worth approximately $394,000. 80.45% of the stock is currently owned by institutional investors.

About salesforce.com

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.

Featured Article: Outstanding Shares, Buying and Selling Stocks

Analyst Recommendations for salesforce.com (NYSE:CRM)

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Mondelez International  Price Target Raised to $65.00 at Buckingham Research
Mondelez International Price Target Raised to $65.00 at Buckingham Research
Morgan Stanley Increases Varonis Systems  Price Target to $105.00
Morgan Stanley Increases Varonis Systems Price Target to $105.00
First Trust Advisors LP Decreases Stake in Morningstar, Inc.
First Trust Advisors LP Decreases Stake in Morningstar, Inc.
salesforce.com  Price Target Increased to $225.00 by Analysts at Morgan Stanley
salesforce.com Price Target Increased to $225.00 by Analysts at Morgan Stanley
Morgan Stanley Boosts RingCentral  Price Target to $205.00
Morgan Stanley Boosts RingCentral Price Target to $205.00
RingCentral  Price Target Increased to $250.00 by Analysts at Raymond James
RingCentral Price Target Increased to $250.00 by Analysts at Raymond James


© 2006-2020 Ticker Report