Salesforce.com (NYSE:CRM) Rating
Needham currently has a $90.0 PT on the $54.08 billion market cap company or 16.35% upside potential. In a report published on Thursday, 19 November, Salesforce.com (NYSE:CRM) stock had its Buy Rating reiterated by research professionals at Needham.
Out of 26 analysts covering Salesforce.com (NYSE:CRM), 22 rate it “Buy”, 2 “Sell”, while 2 “Hold”. This means 85% are positive. $100 is the highest target while $18 is the lowest. The $85.01 average target is 4.68% above today’s ($81.21) stock price. Salesforce.com was the topic in 55 analyst reports since August 21, 2015 according to StockzIntelligence Inc. DA Davidson maintained the stock on November 20 with “Neutral” rating. Jefferies maintained it with “Underweight” rating and $54 target price in a November 19 report. UBS maintained the shares of CRM in a report on November 19 with “Buy” rating. Bernstein maintained the firm’s rating on November 19. Bernstein has “Underperform” rating and $66 price target. Finally, Barclays Capital maintained the stock with “Overweight” rating in a November 19 report.
About 2.22M shares traded hands. salesforce.com, inc. (NYSE:CRM) has risen 20.54% since April 20, 2015 and is uptrending. It has outperformed by 21.45% the S&P500.
The institutional sentiment increased to 1.34 in Q2 2015. Its up 0.23, from 1.11 in 2015Q1. The ratio increased, as 47 funds sold all salesforce.com, inc. shares owned while 203 reduced positions. 113 funds bought stakes while 221 increased positions. They now own 571.28 million shares or 15.74% less from 677.97 million shares in 2015Q1.
Segantii Capital Management Ltd holds 16.58% of its portfolio in salesforce.com, inc. for 264,874 shares. Empire Capital Management L.L.C. owns 230,000 shares or 9.24% of their US portfolio. Moreover, Fort Point Capital Partners Llc has 4.55% invested in the company for 104,200 shares. The Maryland-based Ithaka Group Llc has invested 4.45% in the stock. Criterion Capital Management Llc, a California-based fund reported 1.62 million shares.
Since February 25, 2015, the stock had 0 buys, and 105 selling transactions for $115.90 million net activity. Hawkins Mark J sold 8,624 shares worth $677,248. Benioff Marc sold 25,000 shares worth $1.95M. Harris Parker sold 5,000 shares worth $387,718. Martinez Maria sold 2,347 shares worth $184,099. The insider Conway Craig sold 400 shares worth $30,476.
salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The company has a market cap of $54.08 billion. The Firm focuses on customer relationship management . It currently has negative earnings. The Firm offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications.
According to Zacks Investment Research, “Salesforce.com is the market and technology leader in on-demand business services. The company’s Salesforce suite of on-demand CRM applications allows customers to manage and share all of their sales, support, marketing and partner information on-demand. The Salesforce Platform, the world’s first on- demand platform, enables customers, developers and partners to build powerful new on-demand applications that extend beyond CRM to deliver the benefits of multi-tenancy and The Business Web across the enterprise. The Salesforce Platform allows applications to be easily shared, exchanged and installed with a few simple clicks via salesforce.com’s AppExchange directory. Customers can also take advantage of Successforce, salesforce.com’s world-class training, support, consulting and best practices offerings.” Get a free copy of the Zacks research report on salesforce.com, inc. (CRM)
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