Research Analysts’ Recent Ratings Changes for salesforce.com (CRM)

A number of firms have modified their ratings and price targets on shares of salesforce.com (NYSE: CRM) recently:

  • 2/12/2018 – salesforce.com was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $113.54 price target on the stock.
  • 2/6/2018 – salesforce.com was given a new $135.00 price target on by analysts at UBS Group AG. They now have a “buy” rating on the stock.
  • 2/5/2018 – salesforce.com was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $113.54 price target on the stock.
  • 1/31/2018 – salesforce.com is now covered by analysts at Cleveland Research. They set a “buy” rating on the stock.
  • 1/22/2018 – salesforce.com was given a new $120.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 1/18/2018 – salesforce.com had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $127.00 price target on the stock, up previously from $117.00.
  • 1/11/2018 – salesforce.com had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $128.00 price target on the stock.
  • 1/8/2018 – salesforce.com was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $111.23 price target on the stock.

Shares of salesforce.com, inc. (NYSE:CRM) opened at $106.98 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. salesforce.com, inc. has a 12 month low of $80.25 and a 12 month high of $114.52. The company has a market capitalization of $77,271.66, a PE ratio of 10,698.00, a price-to-earnings-growth ratio of 5.93 and a beta of 1.32.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. salesforce.com had a return on equity of 2.81% and a net margin of 0.09%. The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period last year, the business posted $0.24 earnings per share. The firm’s revenue was up 25.0% compared to the same quarter last year. equities research analysts predict that salesforce.com, inc. will post 0.43 EPS for the current year.

In other news, Director Susan Wojcicki acquired 6,000 shares of the business’s stock in a transaction dated Tuesday, January 9th. The shares were acquired at an average cost of $109.14 per share, with a total value of $654,840.00. Following the completion of the acquisition, the director now owns 39,223 shares of the company’s stock, valued at $4,280,798.22. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Marc Benioff sold 5,000 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $113.93, for a total value of $569,650.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 480,579 shares of company stock valued at $51,957,770. 6.20% of the stock is currently owned by company insiders.

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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