Cross Research reissued their outperform rating on shares of salesforce.com (NYSE:CRM) in a report issued on Thursday.

CRM has been the subject of several other reports. Evercore ISI restated a buy rating and issued a $190.00 target price on shares of salesforce.com in a research note on Tuesday, November 12th. SunTrust Banks reaffirmed a buy rating and set a $195.00 price target on shares of salesforce.com in a research note on Wednesday, December 4th. KeyCorp set a $180.00 price objective on shares of salesforce.com and gave the stock a buy rating in a report on Thursday, August 22nd. FBN Securities set a $200.00 price objective on shares of salesforce.com and gave the company a buy rating in a research report on Friday, August 23rd. Finally, Stifel Nicolaus raised their target price on salesforce.com from $185.00 to $195.00 and gave the company a buy rating in a research note on Friday, August 23rd. Five investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $189.68.

salesforce.com stock opened at $158.01 on Thursday. The firm has a fifty day moving average of $157.59 and a 200-day moving average of $153.43. salesforce.com has a 52-week low of $120.16 and a 52-week high of $167.56. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $140.15 billion, a P/E ratio of 117.04, a PEG ratio of 6.60 and a beta of 1.24.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The business’s quarterly revenue was up 33.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 EPS. On average, research analysts expect that salesforce.com will post 1.28 EPS for the current fiscal year.

In other salesforce.com news, insider Parker Harris sold 620 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $149.85, for a total transaction of $92,907.00. Following the completion of the transaction, the insider now directly owns 31,375 shares of the company’s stock, valued at approximately $4,701,543.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $164.45, for a total transaction of $822,250.00. The disclosure for this sale can be found here. Insiders have sold 295,065 shares of company stock valued at $46,100,332 over the last ninety days. Corporate insiders own 5.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of salesforce.com by 2.6% in the second quarter. Vanguard Group Inc. now owns 58,771,856 shares of the CRM provider’s stock valued at $8,917,454,000 after acquiring an additional 1,491,307 shares in the last quarter. BlackRock Inc. lifted its position in salesforce.com by 4.7% in the second quarter. BlackRock Inc. now owns 56,165,345 shares of the CRM provider’s stock worth $8,521,967,000 after purchasing an additional 2,499,996 shares during the period. State Street Corp boosted its stake in salesforce.com by 12.1% during the 3rd quarter. State Street Corp now owns 34,667,028 shares of the CRM provider’s stock valued at $5,145,974,000 after purchasing an additional 3,749,613 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in salesforce.com by 13.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,910,865 shares of the CRM provider’s stock valued at $5,145,296,000 after purchasing an additional 4,046,077 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in salesforce.com by 8.4% during the second quarter. Jennison Associates LLC now owns 21,575,462 shares of the CRM provider’s stock valued at $3,273,645,000 after buying an additional 1,673,392 shares in the last quarter. 81.34% of the stock is currently owned by hedge funds and other institutional investors.

About salesforce.com

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.

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Analyst Recommendations for salesforce.com (NYSE:CRM)

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