Goldman Sachs Group, Inc. (The) restated their buy rating on shares of Salesforce.com Inc (NYSE:CRM) in a research note published on Wednesday morning. The firm currently has a $96.00 price objective on the CRM provider’s stock.

Other research analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. reissued a hold rating and set a $100.00 price target (up from $95.00) on shares of Salesforce.com in a research report on Friday, May 19th. Zacks Investment Research cut Salesforce.com from a buy rating to a hold rating in a research report on Wednesday, May 10th. SunTrust Banks, Inc. began coverage on Salesforce.com in a research report on Monday, June 26th. They set a buy rating and a $110.00 price target for the company. Vetr cut Salesforce.com from a strong-buy rating to a buy rating and set a $97.77 price target for the company. in a research report on Tuesday, July 11th. Finally, BidaskClub raised Salesforce.com from a hold rating to a buy rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-five have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $101.72.

Shares of Salesforce.com (NYSE:CRM) traded down 0.05% on Wednesday, hitting $94.10. 5,310,995 shares of the stock traded hands. The stock’s market cap is $67.00 billion. Salesforce.com has a one year low of $66.43 and a one year high of $95.23. The company’s 50 day moving average is $90.44 and its 200 day moving average is $86.60.

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

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In other Salesforce.com news, CFO Mark J. Hawkins sold 490 shares of the business’s 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 of the company’s stock, valued at approximately $1,392,138.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Burke F. Norton sold 574 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $90.80, for a total value of $52,119.20. Following the sale, the executive vice president now directly owns 81,818 shares of the company’s stock, valued at $7,429,074.40. The disclosure for this sale can be found here. Insiders sold a total of 1,270,082 shares of company stock valued at $114,312,463 over the last ninety days. 6.70% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the company. Appropriate Balance Financial Services Inc. increased its position in shares of Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after buying an additional 33 shares during the last quarter. Capital Analysts LLC increased its position in shares of 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 last quarter. Peddock Capital Advisors LLC increased its position in shares of 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 last quarter. People s United Financial Inc. increased its position in shares of 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 last quarter. Finally, Shine Investment Advisory Services Inc. acquired a new position in shares of Salesforce.com during the second quarter worth $130,000. 86.29% of the stock is owned by hedge funds and other institutional investors.

About Salesforce.com

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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