Mizuho started coverage on shares of salesforce.com (NYSE:CRM) in a research report released on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $185.00 target price on the CRM provider’s stock.

A number of other research firms also recently commented on CRM. Bank of America reaffirmed a buy rating and issued a $200.00 price objective (up previously from $181.00) on shares of salesforce.com in a report on Wednesday, February 27th. Deutsche Bank reissued a buy rating on shares of salesforce.com in a report on Tuesday, March 5th. BMO Capital Markets reissued an outperform rating and set a $185.00 price target (up previously from $175.00) on shares of salesforce.com in a report on Tuesday, March 5th. Wedbush boosted their price target on shares of salesforce.com from $174.00 to $192.00 and gave the company an outperform rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price target on shares of salesforce.com from $175.00 to $185.00 and gave the company an outperform rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $177.82.

salesforce.com stock opened at $161.51 on Wednesday. The firm has a market capitalization of $124.52 billion, a price-to-earnings ratio of 111.39, a price-to-earnings-growth ratio of 5.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.86. salesforce.com has a 12 month low of $111.34 and a 12 month high of $166.15.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.14. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, analysts anticipate that salesforce.com will post 1.31 earnings per share for the current fiscal year.

In other salesforce.com news, Chairman Marc Benioff sold 157,472 shares of the business’s stock in a transaction dated Wednesday, December 19th. The shares were sold at an average price of $133.21, for a total value of $20,976,845.12. Following the sale, the chairman now directly owns 32,179,928 shares in the company, valued at $4,286,688,208.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keith Block sold 2,160 shares of the business’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $132.14, for a total transaction of $285,422.40. Following the completion of the sale, the chief executive officer now owns 24,865 shares in the company, valued at $3,285,661.10. The disclosure for this sale can be found here. Insiders sold 548,729 shares of company stock valued at $79,673,057 in the last ninety days. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Van Leeuwen & Company LLC raised its position in salesforce.com by 61.3% in the fourth quarter. Van Leeuwen & Company LLC now owns 16,114 shares of the CRM provider’s stock worth $2,207,000 after acquiring an additional 6,122 shares in the last quarter. MUFG Securities EMEA plc raised its position in salesforce.com by 931.6% in the fourth quarter. MUFG Securities EMEA plc now owns 211,631 shares of the CRM provider’s stock worth $28,987,000 after acquiring an additional 191,117 shares in the last quarter. American Century Companies Inc. raised its position in salesforce.com by 3.4% in the fourth quarter. American Century Companies Inc. now owns 3,220,615 shares of the CRM provider’s stock worth $441,128,000 after acquiring an additional 105,845 shares in the last quarter. Belpointe Asset Management LLC raised its position in salesforce.com by 126.5% in the fourth quarter. Belpointe Asset Management LLC now owns 11,920 shares of the CRM provider’s stock worth $1,633,000 after acquiring an additional 6,658 shares in the last quarter. Finally, Norges Bank bought a new stake in salesforce.com in the fourth quarter worth about $938,778,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Analyst Recommendations for salesforce.com (NYSE:CRM)

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