SunTrust Banks, Inc. reaffirmed their buy rating on shares of Salesforce.com Inc (NYSE:CRM) in a research report released on Wednesday morning. The brokerage currently has a $105.00 target price on the CRM provider’s stock.

A number of other research firms also recently commented on CRM. Citigroup Inc. raised their target price on Salesforce.com from $111.00 to $112.00 and gave the company a buy rating in a report on Wednesday. Barclays PLC reissued a buy rating and issued a $97.00 target price (down previously from $100.00) on shares of Salesforce.com in a report on Wednesday. Canaccord Genuity reissued a buy rating and issued a $110.00 target price (up previously from $100.00) on shares of Salesforce.com in a report on Wednesday. Piper Jaffray Companies reissued a buy rating and issued a $110.00 target price on shares of Salesforce.com in a report on Wednesday. Finally, Royal Bank Of Canada reissued a buy rating on shares of Salesforce.com in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and forty-five have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $101.72.

Shares of Salesforce.com (NYSE CRM) traded down 0.05% during mid-day trading on Wednesday, hitting $94.10. 5,310,995 shares of the stock were exchanged. The stock’s 50-day moving average price is $90.44 and its 200-day moving average price is $86.60. The company’s market cap is $67.00 billion. Salesforce.com has a 52-week low of $66.43 and a 52-week high of $95.23.

Salesforce.com (NYSE:CRM) last released its earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $0.24 earnings per share. Salesforce.com’s quarterly revenue was up 25.7% compared to the same quarter last year. Equities research analysts anticipate that Salesforce.com will post $1.31 earnings per share for the current fiscal year.

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In related news, EVP Burke F. Norton sold 379,189 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $91.37, for a total transaction of $34,646,498.93. Following the completion of the transaction, the executive vice president now directly owns 82,843 shares in the company, valued at approximately $7,569,364.91. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Amy E. Weaver sold 1,400 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $90.12, for a total value of $126,168.00. Following the transaction, the insider now owns 17,913 shares of the company’s stock, valued at $1,614,319.56. 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 quarter. Company insiders own 6.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sentry Investment Management LLC boosted its position in Salesforce.com by 1.1% in the second quarter. Sentry Investment Management LLC now owns 51,926 shares of the CRM provider’s stock valued at $4,497,000 after buying an additional 543 shares during the last quarter. WFG Advisors LP boosted its position in Salesforce.com by 130.2% in the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock valued at $159,000 after buying an additional 1,039 shares during the last quarter. Toronto Dominion Bank boosted its position in Salesforce.com by 28.2% in the second quarter. Toronto Dominion Bank now owns 226,456 shares of the CRM provider’s stock valued at $19,607,000 after buying an additional 49,835 shares during the last quarter. Cetera Investment Advisers acquired a new position in Salesforce.com during the second quarter valued at about $257,000. Finally, Advisory Services Network LLC boosted its position in Salesforce.com by 7.7% in the second quarter. Advisory Services Network LLC now owns 18,642 shares of the CRM provider’s stock valued at $1,614,000 after buying an additional 1,331 shares during the last quarter. 86.29% of the stock is 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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