salesforce.com (NYSE:CRM) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage currently has a $113.54 price target on the CRM provider’s stock. Vetr‘s price objective suggests a potential upside of 6.13% from the company’s previous close.

A number of other analysts have also issued reports on CRM. UBS Group set a $135.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research note on Tuesday, February 6th. Guggenheim reiterated a “buy” rating and set a $128.00 price objective on shares of salesforce.com in a research note on Thursday, January 11th. Goldman Sachs Group set a $110.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research note on Wednesday, November 8th. Cleveland Research began coverage on shares of salesforce.com in a research note on Wednesday, January 31st. They set a “buy” rating on the stock. Finally, Mizuho reiterated a “buy” rating and set a $120.00 price objective (up previously from $110.00) on shares of salesforce.com in a research note on Monday, November 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-five have assigned a buy rating to the company’s stock. salesforce.com currently has a consensus rating of “Buy” and a consensus price target of $113.62.

Shares of salesforce.com (NYSE:CRM) opened at $106.98 on Monday. The stock has a market cap of $77,270.00, a P/E ratio of 10,698.00, a PEG ratio of 5.93 and a beta of 1.32. salesforce.com has a 12 month low of $80.25 and a 12 month high of $114.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.82 and a current ratio of 0.82.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. sell-side analysts forecast that salesforce.com will post 0.43 EPS for the current fiscal year.

In other salesforce.com news, insider Mark J. Hawkins sold 16,844 shares of the business’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $101.75, for a total value of $1,713,877.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alexandre Dayon sold 180,748 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $109.02, for a total transaction of $19,705,146.96. Following the completion of the sale, the insider now owns 210,823 shares in the company, valued at $22,983,923.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 480,579 shares of company stock worth $51,957,770. 6.20% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Ark Investment Management LLC raised its holdings in salesforce.com by 38.3% during the 2nd quarter. Ark Investment Management LLC now owns 111,279 shares of the CRM provider’s stock worth $9,637,000 after buying an additional 30,792 shares during the period. Ameritas Investment Partners Inc. raised its holdings in salesforce.com by 0.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 15,158 shares of the CRM provider’s stock worth $1,313,000 after buying an additional 93 shares during the period. Gofen & Glossberg LLC IL raised its holdings in salesforce.com by 8.7% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 9,907 shares of the CRM provider’s stock worth $858,000 after buying an additional 791 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in salesforce.com by 64.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 6,400 shares of the CRM provider’s stock worth $554,000 after buying an additional 2,500 shares during the period. Finally, Cetera Investment Advisers acquired a new stake in salesforce.com during the 2nd quarter worth about $257,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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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.

To view Vetr’s full report, visit Vetr’s official website.

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