Stonebridge Financial Planning Group LLC raised its stake in salesforce.com, inc. (NYSE:CRM) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,352 shares of the CRM provider’s stock after buying an additional 200 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in salesforce.com were worth $746,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of CRM. Dimension Capital Management LLC acquired a new stake in shares of salesforce.com in the 3rd quarter worth approximately $26,000. Trustcore Financial Services LLC boosted its position in salesforce.com by 116.9% during the third quarter. Trustcore Financial Services LLC now owns 128 shares of the CRM provider’s stock worth $32,000 after purchasing an additional 69 shares in the last quarter. Larson Financial Group LLC grew its holdings in salesforce.com by 93.4% in the fourth quarter. Larson Financial Group LLC now owns 147 shares of the CRM provider’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of salesforce.com in the third quarter valued at $35,000. Finally, Newfound Research LLC acquired a new position in shares of salesforce.com during the 3rd quarter worth $43,000. Institutional investors own 80.20% of the company’s stock.
In other news, insider Amy E. Weaver sold 5,800 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $235.12, for a total transaction of $1,363,696.00. Following the completion of the sale, the insider now directly owns 26,064 shares in the company, valued at $6,128,167.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brent Hyder sold 395 shares of salesforce.com stock in a transaction dated Monday, January 25th. The stock was sold at an average price of $227.03, for a total value of $89,676.85. Following the sale, the insider now directly owns 1,565 shares in the company, valued at $355,301.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,592 shares of company stock valued at $21,918,638. 4.40% of the stock is owned by company insiders.
salesforce.com stock traded up $3.33 during trading on Thursday, reaching $228.11. 170,842 shares of the company’s stock were exchanged, compared to its average volume of 8,224,431. salesforce.com, inc. has a 52-week low of $115.29 and a 52-week high of $284.50. The firm has a market cap of $208.72 billion, a price-to-earnings ratio of 58.69, a PEG ratio of 5.42 and a beta of 1.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50-day moving average is $222.08 and its two-hundred day moving average is $231.30.
salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Monday, November 30th. The CRM provider reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.99. salesforce.com had a return on equity of 6.63% and a net margin of 17.53%. The company had revenue of $5.42 million for the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The firm’s quarterly revenue was down 99.9% on a year-over-year basis. Analysts anticipate that salesforce.com, inc. will post 2.81 EPS for the current year.
A number of equities analysts have issued reports on the stock. Oppenheimer restated a “buy” rating and set a $265.00 target price on shares of salesforce.com in a research report on Wednesday, December 2nd. Zacks Investment Research lowered salesforce.com from a “strong-buy” rating to a “hold” rating and set a $254.00 target price on the stock. in a research note on Tuesday, October 27th. BMO Capital Markets raised their price target on salesforce.com from $260.00 to $285.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 25th. Pritchard Capital downgraded salesforce.com from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $300.00 to $250.00 in a research report on Wednesday, December 2nd. Finally, Loop Capital upgraded salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 price objective for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-seven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. salesforce.com presently has an average rating of “Buy” and a consensus target price of $263.72.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.
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