Jefferies Sticks to Its Hold Rating for Salesforce.com

By Austin Angelo

In a report released yesterday, John Difucci from Jefferies reiterated a Hold rating on Salesforce.com (NYSE: CRM), with a price target of $80. The company’s shares closed yesterday at $86.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 16.7% and a 72.4% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Activision Blizzard, and Palo Alto Networks.

Salesforce.com has an analyst consensus of Strong Buy, with a price target consensus of $98.68.

The company has a one year high of $91.99 and a one year low of $66.43. Currently, Salesforce.com has an average volume of 4.61M.

Based on the recent corporate insider activity of 497 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Burke Norton, the EVP & CLO of CRM sold 379,189 shares for a total of $34,642,707.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

salesforce.com, inc. is a customer relationship management company, which provides enterprise software. Its Customer Success Platform offers a comprehensive portfolio of services, such as sales force automation, customer service and support, marketing automation, digital commerce, community management, analytics, application development, IoT integration, collaborative productivity tools and professional cloud services. The company enables industries and companies of all sizes to connect their customers using cloud, social, mobile and data science technologies. It also encourages third parties to develop additional functionality and new apps that run on its platform and other developer tools. salesforce.com was founded by Marc Russell Benioff, Parker Harris, David Moellenhoff, and Frank Dominguez in February 1999 and is headquartered in San Francisco, CA.