salesforce.com (NYSE:CRM) PT Raised to $215.00 at Mizuho

salesforce.com (NYSE:CRM) had its price objective upped by equities research analysts at Mizuho from $195.00 to $215.00 in a research note issued on Thursday, The Fly reports. The firm presently has a “buy” rating on the CRM provider’s stock. Mizuho’s price objective would indicate a potential upside of 13.19% from the stock’s current price.

Other research analysts also recently issued reports about the company. Wells Fargo & Co raised their price objective on salesforce.com from $185.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Canaccord Genuity restated a “buy” rating and set a $185.00 price objective on shares of salesforce.com in a report on Wednesday, December 4th. Barclays reiterated a “buy” rating and issued a $189.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $195.00 price target (up from $171.00) on shares of salesforce.com in a report on Sunday, November 17th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus price target of $195.49.

CRM opened at $189.95 on Thursday. The stock’s fifty day moving average is $179.08 and its two-hundred day moving average is $160.13. The company has a market capitalization of $168.49 billion, a P/E ratio of 202.07, a PEG ratio of 8.09 and a beta of 1.19. salesforce.com has a 52 week low of $137.87 and a 52 week high of $192.60. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. salesforce.com’s quarterly revenue was up 33.0% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Equities analysts anticipate that salesforce.com will post 1.28 earnings per share for the current year.

In other news, CFO Mark J. Hawkins sold 87,774 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $160.14, for a total value of $14,056,128.36. Following the completion of the sale, the chief financial officer now owns 42,780 shares of the company’s stock, valued at approximately $6,850,789.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith Block sold 25,911 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $161.99, for a total value of $4,197,322.89. Following the completion of the sale, the chief executive officer now directly owns 57,977 shares of the company’s stock, valued at approximately $9,391,694.23. The disclosure for this sale can be found here. Insiders sold a total of 470,128 shares of company stock valued at $79,779,248 in the last three months. Insiders own 5.50% of the company’s stock.

Several institutional investors have recently bought and sold shares of CRM. Assetmark Inc. lifted its position in salesforce.com by 21.0% during the 4th quarter. Assetmark Inc. now owns 328 shares of the CRM provider’s stock worth $53,000 after acquiring an additional 57 shares during the period. Blackhawk Capital Partners LLC. lifted its position in salesforce.com by 0.4% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 14,747 shares of the CRM provider’s stock worth $2,189,000 after acquiring an additional 58 shares during the period. Earnest Partners LLC lifted its position in salesforce.com by 17.0% during the 4th quarter. Earnest Partners LLC now owns 419 shares of the CRM provider’s stock worth $68,000 after acquiring an additional 61 shares during the period. Ballentine Partners LLC lifted its position in salesforce.com by 0.7% during the 4th quarter. Ballentine Partners LLC now owns 9,098 shares of the CRM provider’s stock worth $1,480,000 after acquiring an additional 64 shares during the period. Finally, Bray Capital Advisors lifted its position in salesforce.com by 0.3% during the 3rd quarter. Bray Capital Advisors now owns 23,420 shares of the CRM provider’s stock worth $3,476,000 after acquiring an additional 65 shares during the period. 80.45% of the stock is owned by hedge funds and other institutional investors.

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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