Shares of Salesforce.com Inc. (NYSE:CRM) saw unusually-strong trading volume on Wednesday . Approximately 4,228,572 shares changed hands during trading, an increase of 13% from the previous session’s volume of 3,735,157 shares.The stock last traded at $76.29 and had previously closed at $77.96.

Several equities analysts recently issued reports on CRM shares. Stifel Nicolaus boosted their price target on Salesforce.com from $85.00 to $93.00 and gave the company a “buy” rating in a research note on Thursday, May 19th. Vetr upgraded Salesforce.com from a “strong sell” rating to a “hold” rating and set a $82.92 price objective on the stock in a research note on Wednesday, June 1st. Wunderlich reiterated a “buy” rating and issued a $101.00 price objective (up from $93.00) on shares of Salesforce.com in a research note on Thursday, May 19th. BMO Capital Markets assumed coverage on Salesforce.com in a research note on Tuesday, June 14th. They issued an “outperform” rating and a $98.00 price objective on the stock. Finally, Barclays PLC upped their price objective on Salesforce.com from $72.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 12th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $92.35.

The firm’s market cap is $52.30 billion. The company has a 50-day moving average price of $80.64 and a 200 day moving average price of $75.73.

In other Salesforce.com news, Vice Chairman Keith Block sold 10,000 shares of Salesforce.com stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $82.47, for a total transaction of $824,700.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $824,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Conway sold 400 shares of Salesforce.com stock in a transaction on Friday, July 15th. The shares were sold at an average price of $81.86, for a total value of $32,744.00. Following the sale, the director now directly owns 9,268 shares in the company, valued at approximately $758,678.48. The disclosure for this sale can be found here.

Other hedge funds have made changes to their positions in the company. Calvert Investment Management Inc. increased its stake in shares of Salesforce.com by 36.4% in the fourth quarter. Calvert Investment Management Inc. now owns 25,477 shares of the CRM provider’s stock valued at $1,997,000 after buying an additional 6,804 shares during the last quarter. Redwood Investments LLC increased its stake in shares of Salesforce.com by 41.0% in the fourth quarter. Redwood Investments LLC now owns 42,997 shares of the CRM provider’s stock valued at $3,371,000 after buying an additional 12,502 shares during the last quarter. KBC Group NV increased its stake in shares of Salesforce.com by 3.0% in the fourth quarter. KBC Group NV now owns 89,894 shares of the CRM provider’s stock valued at $7,048,000 after buying an additional 2,584 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Salesforce.com by 4.1% in the fourth quarter. Stephens Inc. AR now owns 92,226 shares of the CRM provider’s stock valued at $7,231,000 after buying an additional 3,652 shares during the last quarter. Finally, RS Investment Management Co. LLC increased its stake in shares of Salesforce.com by 171.3% in the fourth quarter. RS Investment Management Co. LLC now owns 111,850 shares of the CRM provider’s stock valued at $8,769,000 after buying an additional 70,620 shares during the last quarter.

salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.

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