Vetr lowered shares of Salesforce.com Inc (NYSE:CRM) from a sell rating to a strong sell rating in a research report released on Tuesday. The firm currently has $90.51 price target on the CRM provider’s stock.

CRM has been the topic of several other reports. Zacks Investment Research raised shares of Salesforce.com from a hold rating to a buy rating and set a $102.00 price objective on the stock in a research report on Monday, August 21st. Credit Suisse Group assumed coverage on shares of Salesforce.com in a research report on Tuesday, August 1st. They set an outperform rating and a $110.00 price objective on the stock. Wells Fargo & Company reissued a buy rating and set a $100.00 price objective on shares of Salesforce.com in a research report on Thursday, August 24th. BNP Paribas reissued a buy rating and set a $95.00 price objective on shares of Salesforce.com in a research report on Friday, August 25th. Finally, JMP Securities reissued a buy rating and set a $95.00 price objective on shares of Salesforce.com in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $103.43.

Salesforce.com (NYSE:CRM) traded down 0.464% during midday trading on Tuesday, reaching $101.865. 1,891,278 shares of the company’s stock were exchanged. The company’s market cap is $73.21 billion. The firm has a 50-day moving average price of $96.32 and a 200 day moving average price of $91.17. Salesforce.com has a 12-month low of $66.43 and a 12-month high of $103.92.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 25.7% on a year-over-year basis. On average, analysts expect that Salesforce.com will post $1.32 EPS for the current fiscal year.

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In other news, insider Parker Harris sold 8,027 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $90.29, for a total transaction of $724,757.83. Following the sale, the insider now owns 49,913 shares of the company’s stock, valued at approximately $4,506,644.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Keith Block sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $101.57, for a total value of $1,015,700.00. Following the transaction, the chief operating officer now owns 24,154 shares in the company, valued at approximately $2,453,321.78. The disclosure for this sale can be found here. Insiders sold a total of 534,401 shares of company stock worth $51,388,116 in the last ninety days. 6.20% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. grew its stake in shares of Salesforce.com by 0.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock valued at $274,000 after purchasing an additional 18 shares during the last quarter. First Personal Financial Services grew its stake in shares of Salesforce.com by 1.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock valued at $142,000 after purchasing an additional 25 shares during the last quarter. Appropriate Balance Financial Services Inc. grew its stake in shares of Salesforce.com by 6.9% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after purchasing an additional 33 shares during the last quarter. Boston Private Wealth LLC grew its stake in shares of Salesforce.com by 0.3% in the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock valued at $1,092,000 after purchasing an additional 38 shares during the last quarter. Finally, Boltwood Capital Management grew its stake in shares of Salesforce.com by 0.4% in the 2nd quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock valued at $1,182,000 after purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 86.06% of the company’s stock.

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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