salesforce.com’s (CRM) “Buy” Rating Reiterated at Nomura

Nomura restated their buy rating on shares of salesforce.com (NYSE:CRM) in a report released on Wednesday morning.

Several other analysts have also recently commented on CRM. Societe Generale set a $170.00 price target on shares of salesforce.com and gave the company a buy rating in a research note on Tuesday, August 14th. Morgan Stanley increased their price target on shares of salesforce.com from $153.00 to $178.00 and gave the company an overweight rating in a research note on Tuesday, August 14th. Piper Jaffray Companies increased their price target on shares of salesforce.com from $150.00 to $165.00 and gave the company an overweight rating in a research note on Wednesday, August 15th. UBS Group increased their price target on shares of salesforce.com from $153.00 to $168.00 and gave the company a buy rating in a research note on Wednesday, August 15th. Finally, Credit Suisse Group set a $170.00 price target on shares of salesforce.com and gave the company a buy rating in a research note on Wednesday, August 15th. Four equities research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the company. salesforce.com currently has a consensus rating of Buy and an average target price of $168.08.

NYSE CRM opened at $135.95 on Wednesday. The company has a market cap of $108.68 billion, a PE ratio of 302.11, a PEG ratio of 4.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. salesforce.com has a 1-year low of $101.32 and a 1-year high of $161.19.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.11. The company had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. Equities analysts predict that salesforce.com will post 1.32 earnings per share for the current year.

In other salesforce.com news, CAO Joe Allanson sold 323 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $122.60, for a total value of $39,599.80. Following the transaction, the chief accounting officer now directly owns 30,619 shares of the company’s stock, valued at $3,753,889.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Marc Benioff sold 5,000 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $138.90, for a total transaction of $694,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 487,322 shares of company stock worth $71,467,243. Insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of CRM. Botty Investors LLC acquired a new stake in salesforce.com in the third quarter worth $123,000. Psagot Investment House Ltd. acquired a new stake in salesforce.com in the third quarter worth $134,000. Resources Investment Advisors Inc. raised its holdings in salesforce.com by 328.2% in the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after purchasing an additional 965 shares during the period. United Capital Management of KS Inc. acquired a new stake in salesforce.com in the third quarter worth $193,000. Finally, Nikulski Financial Inc. acquired a new stake in salesforce.com in the third quarter worth $200,000. Institutional investors own 82.78% of the company’s stock.

About salesforce.com

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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