salesforce.com (NYSE: CRM) Lowered to “C +” at TheStreet

0

salesforce.com (NYSE: CRM) was downgraded by TheStreet from a ‘b-‘ grade to a ‘c +’ grade in a research report released on Thursday, The street odds table reports.

CRM has been the subject of several other research reports. Sanford C. Bernstein increased its target price on salesforce.com from $ 266.00 to $ 290.00 and gave the company a “market performance” rating in a research report released Thursday, August 26. Credit Suisse Group began coverage on salesforce.com in a research note on Tuesday, November 16. They issued an “outperformance” rating and a target price of $ 375.00 on the stock. JMP Securities raised its price target for salesforce.com shares from $ 320.00 to $ 325.00 and gave the company a “buy” rating in a research report released on Friday, September 24. Barclays set a price target of $ 348.00 on salesforce.com shares in a research report released Wednesday. Finally, Robert W. Baird reaffirmed a “buy” note and issued a target price of $ 315.00 on salesforce.com shares in a research note on Sunday, September 26. Six equity research analysts rated the stock with a conservation rating, thirty-two gave the stock a buy rating, and two gave the stock a high buy rating. According to data from MarketBeat.com, salesforce.com currently has a consensus rating of “Buy” and a consensus target price of $ 325.23.

Shares of salesforce.com opened at $ 258.32 on Thursday. salesforce.com has a 12-month low of $ 201.51 and a 12-month high of $ 311.75. The stock’s fifty-day moving average price is $ 289.45, and its 200-day moving average price is $ 261.91. The company has a market cap of $ 252.90 billion, a P / E ratio of 142.72, a P / E / G ratio of 4.90 and a beta of 1.10. The company has a current ratio of 1.06, a quick ratio of 0.93, and a debt ratio of 0.19.

(A d)

This guide will help you assess and analyze your trading plan to create a personalized options trading strategy tailored to your risk profile and market outlook. Learn how to take your trading to the next level.

salesforce.com (NYSE: CRM) last reported its results on Tuesday, November 30. The CRM provider reported EPS of $ 1.27 for the quarter, beating analyst consensus estimates of $ 0.92 by $ 0.35. salesforce.com had a net margin of 6.96% and a return on equity of 5.71%. The company posted revenue of $ 6.86 billion for the quarter, compared to a consensus estimate of $ 6.80 billion. In the same quarter of last year, the company posted EPS of $ 1.27. The company’s revenue for the quarter increased 26.6% year-over-year. Analysts predict that salesforce.com will post earnings per share of 3.18 for the current year.

In other salesforce.com news, CFO Amy E. Weaver sold 7,300 shares of the company in a trade that took place on Wednesday, September 15. The stock was sold at an average price of $ 254.54, for a total trade of $ 1,858,142.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, initiate Srinivas Tallapragada sold 20,000 shares of the company in a transaction that took place on Monday, November 8. The stock was sold for an average price of $ 307.11, for a total value of $ 6,142,200.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 632,477 shares of the company valued at $ 177,857,499. Company insiders own 4.10% of the company’s shares.

A number of institutional investors and hedge funds have recently bought and sold shares of CRM. Amundi bought a new position in salesforce.com during the second quarter for a value of approximately $ 1,100,891,000. Invesco Ltd. increased its position in salesforce.com shares by 146.4% in the 3rd quarter. Invesco Ltd. Now owns 5,929,783 shares of the CRM provider valued at $ 1,608,275,000 after purchasing 3,523,694 additional shares during the last quarter. Akre Capital Management LLC acquired a new stake in salesforce.com in the second quarter for a value of $ 683,956,000. Morgan Stanley increased its position in salesforce.com shares by 20.2% in the second quarter. Morgan Stanley now owns 16,563,897 shares of the CRM provider valued at $ 4,046,065,000 after acquiring an additional 2,787,393 shares in the last quarter. Finally, GQG Partners LLC purchased a new position in salesforce.com shares in Q3 for a value of approximately $ 586,785,000. Hedge funds and other institutional investors hold 73.41% of the company’s shares.

About salesforce.com

salesforce.com, inc. is dedicated to the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry and platform specific solutions. sales force.

Recommended Story: How are preferred stocks different from common stocks?

Analyst Recommendations for salesforce.com (NYSE: CRM)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in salesforce.com now?

Before you consider salesforce.com, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and salesforce.com was not on the list.

While salesforce.com currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

Share.

Comments are closed.