Investors bought shares of Salesforce.com Inc. (NYSE:CRM) on weakness during trading on Monday. $89.36 million flowed into the stock on the tick-up and $48.54 million flowed out of the stock on the tick-down, for a money net flow of $40.82 million into the stock. Of all equities tracked, Salesforce.com had the 5th highest net in-flow for the day. Salesforce.com traded down ($0.23) for the day and closed at $77.25

Several brokerages recently issued reports on CRM. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $95.00 target price (up previously from $88.00) on shares of Salesforce.com in a report on Saturday, May 14th. Piper Jaffray Cos. reissued a “buy” rating on shares of Salesforce.com in a report on Sunday, May 22nd. Roth Capital reissued a “buy” rating on shares of Salesforce.com in a report on Sunday, May 22nd. Brean Capital reissued a “buy” rating and set a $110.00 target price on shares of Salesforce.com in a report on Monday. Finally, Vetr cut shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $83.58 target price for the company. in a report on Monday, July 11th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. Salesforce.com presently has a consensus rating of “Buy” and an average price target of $92.35.

The stock’s market capitalization is $52.34 billion. The company has a 50 day moving average price of $80.52 and a 200 day moving average price of $76.03.

In other news, Vice Chairman Keith Block sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $82.47, for a total value of $824,700.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $824,700. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Parker Harris sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $82.82, for a total value of $414,100.00. Following the completion of the sale, the insider now owns 27,076 shares of the company’s stock, valued at $2,242,434.32. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in CRM. Redwood Investments LLC raised 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 worth $3,371,000 after buying an additional 12,502 shares during the period. Calvert Investment Management Inc. raised 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 worth $1,997,000 after buying an additional 6,804 shares during the period. Stephens Inc. AR raised 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 worth $7,231,000 after buying an additional 3,652 shares during the period. I.G. Investment Management LTD. raised its stake in shares of Salesforce.com by 0.7% in the fourth quarter. I.G. Investment Management LTD. now owns 516,952 shares of the CRM provider’s stock worth $40,529,000 after buying an additional 3,658 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Salesforce.com by 4.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,595,430 shares of the CRM provider’s stock worth $125,082,000 after buying an additional 72,605 shares during the period.

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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