salesforce.com (NYSE:CRM) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of salesforce.com (NYSE:CRM) from a buy rating to a hold rating in a report released on Wednesday morning, ValuEngine reports.

CRM has been the topic of several other reports. OTR Global lowered shares of salesforce.com to a positive rating in a research report on Wednesday, May 15th. Bank of America reiterated a buy rating and issued a $200.00 price objective (up from $181.00) on shares of salesforce.com in a research report on Wednesday, February 27th. Barclays boosted their price objective on shares of salesforce.com to $180.00 and gave the stock an overweight rating in a research report on Tuesday, March 5th. BMO Capital Markets reiterated an outperform rating and issued a $185.00 price objective (up from $175.00) on shares of salesforce.com in a research report on Tuesday, March 5th. Finally, Zacks Investment Research lowered shares of salesforce.com from a buy rating to a hold rating in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. salesforce.com has a consensus rating of Buy and a consensus target price of $180.03.

salesforce.com stock opened at $151.28 on Wednesday. salesforce.com has a 52 week low of $113.60 and a 52 week high of $167.56. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $116.52 billion, a P/E ratio of 104.33, a price-to-earnings-growth ratio of 5.00 and a beta of 1.39.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.61 by $0.32. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the firm earned $0.74 EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. Analysts forecast that salesforce.com will post 1.43 EPS for the current fiscal year.

In other news, insider Parker Harris sold 620 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $151.38, for a total transaction of $93,855.60. Following the completion of the transaction, the insider now owns 29,438 shares of the company’s stock, valued at approximately $4,456,324.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark J. Hawkins sold 846 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $163.84, for a total transaction of $138,608.64. Following the transaction, the insider now directly owns 20,348 shares of the company’s stock, valued at approximately $3,333,816.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 418,666 shares of company stock valued at $66,561,480. Corporate insiders own 5.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Flinton Capital Management LLC lifted its stake in shares of salesforce.com by 17.5% in the 4th quarter. Flinton Capital Management LLC now owns 73,056 shares of the CRM provider’s stock valued at $10,006,000 after acquiring an additional 10,864 shares during the last quarter. Piedmont Investment Advisors Inc. raised its position in salesforce.com by 5.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 93,507 shares of the CRM provider’s stock worth $12,808,000 after purchasing an additional 5,063 shares during the last quarter. Heritage Investors Management Corp raised its position in salesforce.com by 10.0% during the 1st quarter. Heritage Investors Management Corp now owns 34,427 shares of the CRM provider’s stock worth $5,452,000 after purchasing an additional 3,143 shares during the last quarter. Putnam FL Investment Management Co. raised its position in salesforce.com by 0.5% during the 4th quarter. Putnam FL Investment Management Co. now owns 21,392 shares of the CRM provider’s stock worth $2,930,000 after purchasing an additional 97 shares during the last quarter. Finally, MML Investors Services LLC raised its position in salesforce.com by 65.9% during the 4th quarter. MML Investors Services LLC now owns 30,074 shares of the CRM provider’s stock worth $4,119,000 after purchasing an additional 11,941 shares during the last quarter. 82.14% of the stock is owned by institutional investors.

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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