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

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salesforce.com (NYSE:CRM) had its price objective raised by equities researchers at Mizuho from $195.00 to $215.00 in a report issued on Thursday, The Fly reports. The firm currently has a “buy” rating on the CRM provider’s stock. Mizuho’s target price would suggest a potential upside of 13.19% from the stock’s previous close.

A number of other research firms have also recently commented on CRM. Oppenheimer upped their price objective on salesforce.com from $190.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, January 17th. Cowen reiterated a “buy” rating and issued a $195.00 price objective on shares of salesforce.com in a report on Wednesday, December 4th. Roth Capital reiterated a “neutral” rating on shares of salesforce.com in a report on Wednesday, December 4th. Canaccord Genuity reiterated a “buy” rating and issued a $185.00 price objective on shares of salesforce.com in a report on Wednesday, December 4th. Finally, William Blair reiterated an “outperform” rating on shares of salesforce.com in a report on Wednesday, December 4th. Four analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $195.49.

Shares of salesforce.com stock opened at $189.95 on Thursday. The stock has a market cap of $168.49 billion, a P/E ratio of 202.07, a P/E/G ratio of 8.09 and a beta of 1.19. The stock’s 50 day simple moving average is $179.08 and its 200-day simple moving average is $160.13. salesforce.com has a 1-year low of $137.87 and a 1-year high of $192.60. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05.

salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. The business had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The business’s revenue for the quarter was up 33.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 EPS. As a group, research analysts expect that salesforce.com will post 1.28 EPS for the current fiscal year.

In other salesforce.com news, CFO Mark J. Hawkins sold 876 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $189.71, for a total transaction of $166,185.96. Following the transaction, the chief financial officer now directly owns 18,161 shares in the company, valued at $3,445,323.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Wojcicki purchased 1,100 shares of the firm’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of $189.36 per share, for a total transaction of $208,296.00. Following the completion of the purchase, the director now directly owns 101,870 shares of the company’s stock, valued at $19,290,103.20. The disclosure for this purchase can be found here. Insiders have sold 470,128 shares of company stock worth $79,779,248 over the last 90 days. 5.50% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of salesforce.com by 21.0% during the fourth 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. increased its position in shares of salesforce.com by 0.4% during the fourth 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 increased its position in shares of salesforce.com by 17.0% during the fourth 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 increased its position in shares of salesforce.com by 0.7% during the fourth 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 increased its position in shares of salesforce.com by 0.3% during the third 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 currently owned by institutional investors and hedge funds.

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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