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MSFT   253.99 (-4.81%)
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AMZN   2,130.00 (-7.69%)
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S&P 500   3,930.23 (-3.88%)
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QQQ   290.46 (-5.13%)
AAPL   140.50 (-5.86%)
MSFT   253.99 (-4.81%)
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GOOGL   2,247.74 (-3.51%)
AMZN   2,130.00 (-7.69%)
TSLA   703.47 (-7.63%)
NVDA   169.20 (-6.92%)
BABA   87.16 (-5.25%)
NIO   15.69 (-5.65%)
AMD   95.93 (-6.38%)
CGC   5.57 (-5.43%)
MU   70.83 (-4.90%)
T   20.15 (-2.04%)
GE   75.06 (-1.75%)
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PYPL   76.86 (-3.62%)
NFLX   176.60 (-7.33%)
S&P 500   3,930.23 (-3.88%)
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QQQ   290.46 (-5.13%)
AAPL   140.50 (-5.86%)
MSFT   253.99 (-4.81%)
FB   192.72 (-4.89%)
GOOGL   2,247.74 (-3.51%)
AMZN   2,130.00 (-7.69%)
TSLA   703.47 (-7.63%)
NVDA   169.20 (-6.92%)
BABA   87.16 (-5.25%)
NIO   15.69 (-5.65%)
AMD   95.93 (-6.38%)
CGC   5.57 (-5.43%)
MU   70.83 (-4.90%)
T   20.15 (-2.04%)
GE   75.06 (-1.75%)
F   12.73 (-5.91%)
DIS   104.26 (-4.03%)
AMC   12.66 (-1.86%)
PFE   50.18 (-2.26%)
PYPL   76.86 (-3.62%)
NFLX   176.60 (-7.33%)

salesforce.com, inc. (NYSE:CRM) Receives Consensus Rating of "Buy" from Brokerages

Last updated on Tuesday, November 30, 2021 | 2021 MarketBeat

Shares of salesforce.com, inc. (NYSE:CRM) have earned a consensus rating of "Buy" from the forty-three research firms that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, thirty-one have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $321.44.

A number of brokerages have commented on CRM. UBS Group increased their price target on shares of salesforce.com from $300.00 to $330.00 and gave the company a "buy" rating in a research note on Friday, September 24th. Wolfe Research increased their price target on shares of salesforce.com from $290.00 to $300.00 and gave the company an "outperform" rating in a research note on Thursday, August 26th. Raymond James increased their price target on shares of salesforce.com from $280.00 to $340.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 26th. Wedbush increased their price target on shares of salesforce.com from $300.00 to $315.00 and gave the company an "outperform" rating in a research note on Thursday, August 26th. Finally, Royal Bank of Canada increased their price objective on shares of salesforce.com from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Friday, September 24th.

Shares of CRM opened at $296.74 on Tuesday. The stock has a market capitalization of $290.51 billion, a price-to-earnings ratio of 119.17, a PEG ratio of 8.03 and a beta of 1.07. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $289.95 and a 200 day simple moving average of $261.21. salesforce.com has a 12 month low of $201.51 and a 12 month high of $311.75.


In other salesforce.com news, CFO Amy E. Weaver sold 7,262 shares of the firm's stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $306.90, for a total transaction of $2,228,707.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 20,000 shares of the firm's stock in a transaction that occurred on Monday, September 13th. The stock was sold at an average price of $253.59, for a total transaction of $5,071,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 672,851 shares of company stock worth $188,622,336. 4.10% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in CRM. Joseph P. Lucia & Associates LLC increased its stake in salesforce.com by 761.5% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 99 shares in the last quarter. Rosenberg Matthew Hamilton bought a new stake in salesforce.com during the 3rd quarter valued at $34,000. Atlas Private Wealth Advisors increased its stake in salesforce.com by 115.3% during the 2nd quarter. Atlas Private Wealth Advisors now owns 127 shares of the CRM provider's stock valued at $31,000 after purchasing an additional 68 shares in the last quarter. First PREMIER Bank bought a new stake in salesforce.com during the 2nd quarter valued at $32,000. Finally, First Personal Financial Services increased its stake in salesforce.com by 83.3% during the 3rd quarter. First Personal Financial Services now owns 132 shares of the CRM provider's stock valued at $36,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 73.41% of the company's stock.

About salesforce.com

salesforce.com, inc. engages in 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-specific solutions, and salesforce platform.

See Also: Cyclical Stocks - What You Should Know

Analyst Recommendations for salesforce.com (NYSE:CRM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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