salesforce.com, inc. (NYSE:CRM) Receives $180.82 Consensus Target Price from Brokerages

salesforce.com, inc. (NYSE:CRM) has been given an average recommendation of “Buy” by the forty-two ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, thirty-seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $180.82.

A number of equities research analysts have issued reports on CRM shares. Barclays reissued a “hold” rating on shares of Bank of Montreal in a report on Tuesday, June 11th. SunTrust Banks reissued a “hold” rating and issued a $60.00 price target on shares of Tripadvisor in a report on Tuesday, June 11th. Credit Suisse Group reissued an “outperform” rating on shares of salesforce.com in a report on Thursday, June 6th. OTR Global lowered shares of salesforce.com to a “positive” rating in a report on Wednesday, May 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a GBX 150 ($1.96) price target on shares of in a report on Monday, June 17th.

NYSE:CRM traded down $2.52 during trading hours on Tuesday, reaching $157.13. The company’s stock had a trading volume of 6,598,313 shares, compared to its average volume of 5,696,658. The company has a market capitalization of $123.89 billion, a price-to-earnings ratio of 108.37, a price-to-earnings-growth ratio of 5.81 and a beta of 1.29. The firm’s 50-day moving average price is $153.97. salesforce.com has a 1 year low of $113.60 and a 1 year high of $167.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.96 and a quick ratio of 0.96.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The company’s revenue was up 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.74 EPS. Research analysts expect that salesforce.com will post 1.25 EPS for the current year.

In related news, insider Parker Harris sold 620 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $147.30, for a total transaction of $91,326.00. Following the sale, the insider now owns 29,438 shares of the company’s stock, valued at $4,336,217.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark J. Hawkins sold 15,271 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $157.31, for a total transaction of $2,402,281.01. Following the sale, the insider now directly owns 24,375 shares in the company, valued at approximately $3,834,431.25. The disclosure for this sale can be found here. Insiders have sold 370,715 shares of company stock worth $57,937,355 in the last three months. 5.50% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of CRM. Wealthstreet Investment Advisors LLC raised its holdings in salesforce.com by 8.6% in the second quarter. Wealthstreet Investment Advisors LLC now owns 11,330 shares of the CRM provider’s stock worth $1,719,000 after buying an additional 900 shares during the last quarter. NEXT Financial Group Inc raised its holdings in salesforce.com by 257.8% in the second quarter. NEXT Financial Group Inc now owns 20,417 shares of the CRM provider’s stock worth $3,098,000 after buying an additional 14,710 shares during the last quarter. We Are One Seven LLC raised its holdings in salesforce.com by 7.5% in the second quarter. We Are One Seven LLC now owns 5,691 shares of the CRM provider’s stock worth $863,000 after buying an additional 396 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV raised its holdings in salesforce.com by 2.7% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 27,771 shares of the CRM provider’s stock worth $4,214,000 after buying an additional 736 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in salesforce.com by 6.0% in the second quarter. Cornerstone Advisors Inc. now owns 3,435 shares of the CRM provider’s stock worth $521,000 after buying an additional 195 shares during the last quarter. 81.59% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for salesforce.com (NYSE:CRM)

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