salesforce.com, inc. (CRM) Earns Outperform Rating from Robert W. Baird

Robert W. Baird reaffirmed their outperform rating on shares of salesforce.com, inc. (NYSE:CRM) in a research note issued to investors on Saturday morning. The brokerage currently has a $90.00 price objective on the CRM provider’s stock.

CRM has been the topic of a number of other reports. Vetr downgraded shares of salesforce.com, inc. from a strong-buy rating to a buy rating and set a $93.31 price target on the stock. in a research note on Wednesday, March 1st. Wells Fargo & Co reaffirmed an outperform rating and issued a $102.50 price target on shares of salesforce.com, inc. in a research note on Thursday, March 2nd. Societe Generale set a $98.00 price target on shares of salesforce.com, inc. and gave the stock a buy rating in a research note on Thursday, March 2nd. DA Davidson reaffirmed a neutral rating and issued a $88.00 price target (up from $80.00) on shares of salesforce.com, inc. in a research note on Saturday, March 11th. Finally, Pacific Crest set a $95.00 price target on shares of salesforce.com, inc. and gave the stock a buy rating in a research note on Wednesday, March 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $94.02.

Shares of salesforce.com, inc. (NYSE:CRM) traded down 0.31% on Friday, hitting $83.79. The stock had a trading volume of 2,946,068 shares. The company has a market cap of $59.28 billion, a price-to-earnings ratio of 322.27 and a beta of 1.42. salesforce.com, inc. has a one year low of $66.43 and a one year high of $86.42. The firm’s 50-day moving average is $83.10 and its 200-day moving average is $76.92.

salesforce.com, inc. (NYSE:CRM) last released its earnings results on Tuesday, February 28th. The CRM provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.23. The business earned $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. salesforce.com, inc. had a net margin of 2.60% and a return on equity of 2.40%. salesforce.com, inc.’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. On average, analysts expect that salesforce.com, inc. will post $1.29 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “salesforce.com, inc. (CRM) Earns Outperform Rating from Robert W. Baird” was published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.com-unik.info/2017/04/21/salesforce-com-inc-crm-rating-reiterated-by-robert-w-baird-updated-updated.html.

In other salesforce.com, inc. news, Chairman Marc Benioff sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 24th. The shares were sold at an average price of $76.41, for a total value of $1,528,200.00. Following the completion of the sale, the chairman now directly owns 34,155,500 shares in the company, valued at $2,609,821,755. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cynthia G. Robbins sold 571 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $76.23, for a total transaction of $43,527.33. Following the completion of the sale, the executive vice president now owns 1,517 shares of the company’s stock, valued at $115,640.91. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 3,689 shares of company stock valued at $299,951 and sold 1,130,476 shares valued at $91,938,815. Corporate insiders own 6.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Livingston Group Asset Management CO operating as Southport Capital Management boosted its stake in salesforce.com, inc. by 1.0% in the third quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 5,000 shares of the CRM provider’s stock worth $357,000 after buying an additional 50 shares during the last quarter. Schmidt P J Investment Management Inc. boosted its stake in salesforce.com, inc. by 1.5% in the third quarter. Schmidt P J Investment Management Inc. now owns 3,340 shares of the CRM provider’s stock worth $238,000 after buying an additional 50 shares during the last quarter. Cedar Capital LLC boosted its stake in salesforce.com, inc. by 1.3% in the third quarter. Cedar Capital LLC now owns 4,146 shares of the CRM provider’s stock worth $296,000 after buying an additional 53 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in salesforce.com, inc. by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 20,150 shares of the CRM provider’s stock worth $1,437,000 after buying an additional 60 shares during the last quarter. Finally, Lincoln National Corp boosted its stake in salesforce.com, inc. by 2.1% in the third quarter. Lincoln National Corp now owns 3,771 shares of the CRM provider’s stock worth $269,000 after buying an additional 76 shares during the last quarter. Institutional investors and hedge funds own 83.13% of the company’s stock.

salesforce.com, inc. 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.

5 Day Chart for NYSE:CRM

What are top analysts saying about salesforce.com inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for salesforce.com inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit