salesforce.com (NYSE:CRM) Given Neutral Rating at Roth Capital

Roth Capital restated their neutral rating on shares of salesforce.com (NYSE:CRM) in a report published on Wednesday morning, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Morgan Stanley lifted their price objective on shares of salesforce.com from $180.00 to $197.00 and gave the company an overweight rating in a research report on Wednesday. Stifel Nicolaus upped their target price on shares of salesforce.com from $185.00 to $195.00 and gave the company a buy rating in a report on Friday, August 23rd. Monness Crespi & Hardt raised their target price on shares of salesforce.com from $200.00 to $210.00 and gave the company a buy rating in a research note on Friday, August 23rd. FBN Securities set a $200.00 target price on shares of salesforce.com and gave the company a buy rating in a research note on Friday, August 23rd. Finally, Cowen reiterated a buy rating and set a $195.00 price target on shares of salesforce.com in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $189.68.

NYSE CRM opened at $158.01 on Wednesday. The company has a market cap of $138.57 billion, a PE ratio of 108.97, a PEG ratio of 7.00 and a beta of 1.24. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.31. salesforce.com has a 12 month low of $120.16 and a 12 month high of $167.56. The stock has a 50 day moving average of $157.59 and a 200-day moving average of $153.43.

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 Zacks’ consensus estimate of $0.66 by $0.09. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The business had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, sell-side analysts predict that salesforce.com will post 1.24 EPS for the current fiscal year.

In other salesforce.com news, insider Parker Harris sold 620 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $149.85, for a total value of $92,907.00. Following the completion of the sale, the insider now owns 31,375 shares of the company’s stock, valued at approximately $4,701,543.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $158.01, for a total transaction of $1,580,100.00. Insiders sold 300,065 shares of company stock worth $46,846,882 over the last 90 days. 5.50% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Texas Yale Capital Corp. acquired a new position in salesforce.com in the 2nd quarter valued at $287,000. Brookstone Capital Management bought a new position in shares of salesforce.com in the second quarter worth $214,000. Bailard Inc. acquired a new position in salesforce.com in the second quarter valued at about $204,000. Osborn Williams & Donohoe LLC raised its stake in salesforce.com by 2.6% in the second quarter. Osborn Williams & Donohoe LLC now owns 11,735 shares of the CRM provider’s stock valued at $1,781,000 after purchasing an additional 300 shares in the last quarter. Finally, Psagot Investment House Ltd. raised its stake in salesforce.com by 39.9% in the second quarter. Psagot Investment House Ltd. now owns 750 shares of the CRM provider’s stock valued at $114,000 after purchasing an additional 214 shares in the last quarter. 81.32% of the stock is currently owned by 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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Analyst Recommendations for salesforce.com (NYSE:CRM)

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