Morgan Stanley reissued their buy rating on shares of Salesforce.com Inc (NYSE:CRM) in a research note issued to investors on Thursday. The brokerage currently has a $107.00 price target on the CRM provider’s stock.

A number of other equities research analysts also recently issued reports on CRM. Benchmark Co. increased their price target on Salesforce.com from $100.00 to $110.00 and gave the stock a buy rating in a research report on Monday, May 15th. Zacks Investment Research downgraded Salesforce.com from a hold rating to a sell rating in a research report on Tuesday, May 2nd. Barclays PLC increased their price target on Salesforce.com from $89.00 to $97.00 and gave the stock an overweight rating in a research report on Wednesday, April 26th. Credit Suisse Group started coverage on Salesforce.com in a research report on Thursday, April 27th. They set an outperform rating and a $110.00 price target on the stock. Finally, Vetr raised Salesforce.com from a buy rating to a strong-buy rating and set a $100.19 price target on the stock in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-five have given a buy rating to the company. Salesforce.com presently has a consensus rating of Buy and an average price target of $101.72.

Shares of Salesforce.com (NYSE:CRM) traded down 0.05% during trading on Thursday, hitting $94.10. The company’s stock had a trading volume of 5,310,995 shares. The company’s market capitalization is $67.00 billion. Salesforce.com has a 1-year low of $66.43 and a 1-year high of $95.23. The firm’s 50 day moving average is $90.44 and its 200-day moving average is $86.60.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. Analysts forecast that Salesforce.com will post $1.31 EPS for the current fiscal year.

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In related news, EVP Burke F. Norton sold 574 shares of Salesforce.com stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $90.80, for a total value of $52,119.20. Following the sale, the executive vice president now owns 81,818 shares of the company’s stock, valued at approximately $7,429,074.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark J. Hawkins sold 490 shares of Salesforce.com stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total transaction of $45,824.80. Following the completion of the sale, the chief financial officer now directly owns 14,886 shares in the company, valued at approximately $1,392,138.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,270,082 shares of company stock worth $114,312,463. Insiders own 6.70% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Capital Analysts LLC boosted its stake in Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after buying an additional 156 shares during the period. Peddock Capital Advisors LLC boosted its stake in Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after buying an additional 1,350 shares during the period. People s United Financial Inc. boosted its stake in Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after buying an additional 550 shares during the period. Shine Investment Advisory Services Inc. bought a new stake in Salesforce.com during the second quarter worth approximately $130,000. Finally, First Personal Financial Services boosted its stake in Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after buying an additional 112 shares during the period. 86.29% of the stock is currently owned by institutional investors.

Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

Analyst Recommendations for Salesforce.com (NYSE:CRM)

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