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

Share on StockTwits

salesforce.com (NYSE:CRM) had its price objective boosted by Cfra from $222.00 to $225.00 in a research note released on Monday, BenzingaRatingsTable reports. Cfra currently has a strong-buy rating on the CRM provider’s stock.

A number of other equities research analysts have also commented on the company. Goldman Sachs Group set a $178.00 price objective on salesforce.com and gave the stock a buy rating in a research report on Thursday, March 26th. Rosenblatt Securities began coverage on salesforce.com in a research report on Monday, May 4th. They set a sell rating for the company. SunTrust Banks restated a buy rating and set a $210.00 price objective on shares of salesforce.com in a research report on Friday, May 22nd. Wells Fargo & Co raised their price objective on salesforce.com from $200.00 to $215.00 and gave the stock an overweight rating in a research report on Friday. Finally, BMO Capital Markets decreased their price objective on salesforce.com from $215.00 to $213.00 and set an outperform rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. salesforce.com has an average rating of Buy and an average target price of $198.15.

Shares of NYSE:CRM traded down $3.06 during midday trading on Monday, reaching $173.30. The company had a trading volume of 4,492,111 shares, compared to its average volume of 6,909,155. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.08 and a current ratio of 1.15. salesforce.com has a 1-year low of $115.29 and a 1-year high of $195.72. The firm has a market cap of $158.53 billion, a price-to-earnings ratio of -957.83, a price-to-earnings-growth ratio of 8.01 and a beta of 1.08. The company has a fifty day simple moving average of $166.18 and a two-hundred day simple moving average of $166.50.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Thursday, May 28th. The CRM provider reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. salesforce.com had a positive return on equity of 2.45% and a negative net margin of 0.92%. The business had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the company posted $0.93 EPS. salesforce.com’s revenue for the quarter was up 30.2% on a year-over-year basis. Analysts expect that salesforce.com will post 1.21 EPS for the current year.

In other news, COO Bret Steven Taylor sold 7,059 shares of salesforce.com stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $182.53, for a total transaction of $1,288,479.27. Following the sale, the chief operating officer now owns 1,062,003 shares of the company’s stock, valued at approximately $193,847,407.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $175.30, for a total value of $1,753,000.00. Following the sale, the chief executive officer now directly owns 96,420 shares in the company, valued at approximately $16,902,426. The disclosure for this sale can be found here. Insiders sold a total of 398,873 shares of company stock worth $63,247,303 in the last ninety days. Insiders own 4.40% of the company’s stock.

Several large investors have recently made changes to their positions in CRM. Candriam Luxembourg S.C.A. grew its holdings in shares of salesforce.com by 7.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 370,766 shares of the CRM provider’s stock worth $60,302,000 after purchasing an additional 25,353 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of salesforce.com by 34.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 83,059 shares of the CRM provider’s stock worth $13,508,000 after purchasing an additional 21,468 shares in the last quarter. Putnam FL Investment Management Co. grew its holdings in shares of salesforce.com by 6.7% during the 4th quarter. Putnam FL Investment Management Co. now owns 16,941 shares of the CRM provider’s stock worth $2,755,000 after purchasing an additional 1,059 shares in the last quarter. Savant Capital LLC grew its holdings in shares of salesforce.com by 2.6% during the 4th quarter. Savant Capital LLC now owns 3,246 shares of the CRM provider’s stock worth $528,000 after purchasing an additional 82 shares in the last quarter. Finally, Shepherd Financial Partners LLC grew its holdings in shares of salesforce.com by 3.1% during the 4th quarter. Shepherd Financial Partners LLC now owns 7,848 shares of the CRM provider’s stock worth $1,277,000 after purchasing an additional 233 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors.

salesforce.com Company Profile

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 Story: What’s a Black Swan?

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.