Salesforce.com Inc. (NYSE:CRM) shares were up 2.6% during trading on Thursday . The company traded as high as $79.96 and last traded at $79.81, with a volume of 4,425,587 shares trading hands. The stock had previously closed at $77.82.

A number of research analysts recently commented on CRM shares. Societe Generale set a $92.00 price target on Salesforce.com and gave the company a “buy” rating in a report on Tuesday, May 10th. Barclays PLC increased their price target on Salesforce.com from $72.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, May 12th. JMP Securities reissued a “buy” rating and issued a $90.00 price target on shares of Salesforce.com in a report on Thursday, May 12th. Morgan Stanley reissued a “buy” rating on shares of Salesforce.com in a report on Thursday, May 12th. Finally, Goldman Sachs Group Inc. set a $99.00 price target on Salesforce.com and gave the company a “buy” rating in a report on Friday, May 13th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, thirty-nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $92.24.

The stock’s 50-day moving average price is $80.42 and its 200-day moving average price is $76.18. The stock’s market capitalization is $54.31 billion.

In related news, CEO Marc Benioff sold 25,000 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $83.63, for a total value of $2,090,750.00. Following the transaction, the chief executive officer now owns 35,425,000 shares in the company, valued at approximately $2,962,592,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Parker Harris sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $83.53, for a total transaction of $417,650.00. Following the completion of the transaction, the insider now owns 28,299 shares in the company, valued at approximately $2,363,815.47. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in CRM. KBC Group NV raised its position 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 worth $7,048,000 after buying an additional 2,584 shares during the period. RS Investment Management Co. LLC raised its position 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 worth $8,769,000 after buying an additional 70,620 shares during the last quarter. American International Group Inc. raised its position in shares of Salesforce.com by 2.4% in the fourth quarter. American International Group Inc. now owns 242,475 shares of the CRM provider’s stock worth $19,011,000 after buying an additional 5,583 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position 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 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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