Macquarie Sticks to Their Hold Rating for Salesforce (CRM)
Macquarie analyst maintained a Hold rating on Salesforce yesterday and set a price target of $200.00.
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In addition to Macquarie, Salesforce also received a Hold from Monness’s Brian White in a report issued yesterday. However, on the same day, Needham maintained a Buy rating on Salesforce (NYSE: CRM).
Based on Salesforce’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $11.2 billion and a net profit of $1.94 billion. In comparison, last year the company earned a revenue of $9.99 billion and had a net profit of $1.71 billion
Based on the recent corporate insider activity of 288 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CRM in relation to earlier this year. Last month, NEELIE KROES, a Director at CRM sold 3,893.00 shares for a total of $929,259.10.
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