Salesforce.com Inc (NYSE:CRM)‘s stock had its “buy” rating reiterated by investment analysts at Northland Securities in a report issued on Sunday.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $105.00 price objective (up previously from $100.00) on shares of Salesforce.com in a research note on Friday, May 19th. Vetr upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 price objective for the company in a research note on Monday, May 15th. Drexel Hamilton reiterated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research note on Monday, May 15th. Benchmark Co. lifted their price objective on shares of Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, May 15th. Finally, Mizuho reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Salesforce.com in a research note on Friday, May 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and forty-seven have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $102.28.

Shares of Salesforce.com (NYSE CRM) opened at 96.43 on Friday. The company has a 50-day moving average of $92.04 and a 200-day moving average of $87.54. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $97.52. The company’s market cap is $69.30 billion.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $0.24 EPS. The business’s revenue was up 25.7% on a year-over-year basis. Equities analysts forecast that Salesforce.com will post $1.32 EPS for the current year.

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In other news, insider Parker Harris sold 8,027 shares of the stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $87.27, for a total value of $700,516.29. Following the sale, the insider now directly owns 49,913 shares of the company’s stock, valued at $4,355,907.51. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $85.73, for a total transaction of $857,300.00. Following the completion of the sale, the chairman now directly owns 34,195,300 shares in the company, valued at $2,931,563,069. The disclosure for this sale can be found here. Insiders have sold 712,105 shares of company stock valued at $63,938,891 in the last quarter. Company insiders own 6.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Salesforce.com by 5.2% in the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after buying an additional 2,268,623 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after buying an additional 2,740,329 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Salesforce.com by 911.7% in the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after buying an additional 11,498,509 shares in the last quarter. Janus Capital Management LLC lifted its holdings in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock worth $927,363,000 after buying an additional 1,910,921 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock worth $809,259,000 after buying an additional 592,409 shares in the last quarter. 86.98% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Salesforce.com (NYSE:CRM)

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