Blair William & Co. IL lifted its position in salesforce.com, inc. (NYSE:CRM) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,023,427 shares of the CRM provider’s stock after buying an additional 76,676 shares during the period. salesforce.com comprises 0.9% of Blair William & Co. IL’s holdings, making the stock its 20th largest position. Blair William & Co. IL owned 0.11% of salesforce.com worth $147,353,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. increased its holdings in salesforce.com by 7.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 370,766 shares of the CRM provider’s stock worth $60,302,000 after purchasing an additional 25,353 shares in the last quarter. RFG Advisory LLC bought a new position in salesforce.com during the 4th quarter worth about $286,000. Davis R M Inc. increased its holdings in salesforce.com by 11.9% during the 4th quarter. Davis R M Inc. now owns 2,486 shares of the CRM provider’s stock worth $404,000 after purchasing an additional 265 shares in the last quarter. J.W. Cole Advisors Inc. bought a new position in salesforce.com during the 4th quarter worth about $734,000. Finally, Chapman Investment Management LLC bought a new position in salesforce.com during the 4th quarter worth about $2,934,000. Institutional investors and hedge funds own 81.92% of the company’s stock.
In other news, Director Craig Conway sold 225 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $131.00, for a total transaction of $29,475.00. Following the transaction, the director now directly owns 10,165 shares of the company’s stock, valued at $1,331,615. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $183.92, for a total transaction of $1,839,200.00. Following the transaction, the chief executive officer now directly owns 60,901 shares in the company, valued at $11,200,911.92. The disclosure for this sale can be found here. Insiders have sold 413,535 shares of company stock valued at $65,708,070 over the last 90 days. Company insiders own 4.40% of the company’s stock.
CRM has been the subject of a number of research reports. Stifel Nicolaus increased their target price on salesforce.com from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Friday, February 21st. JMP Securities increased their target price on salesforce.com from $172.00 to $191.00 and gave the stock a “market outperform” rating in a report on Monday, May 11th. Deutsche Bank increased their target price on salesforce.com from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. Rosenblatt Securities assumed coverage on salesforce.com in a report on Monday, May 4th. They set a “sell” rating for the company. Finally, Barclays restated a “buy” rating and set a $186.00 price objective on shares of salesforce.com in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-eight have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $198.69.
CRM stock traded up $2.59 during mid-day trading on Friday, hitting $177.85. 4,963,328 shares of the company were exchanged, compared to its average volume of 6,068,004. The business has a 50 day simple moving average of $159.26 and a 200-day simple moving average of $165.63. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $157.54 billion, a PE ratio of 889.29, a price-to-earnings-growth ratio of 7.99 and a beta of 1.07. salesforce.com, inc. has a 1-year low of $115.29 and a 1-year high of $195.72.
salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, February 25th. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.10. The firm had revenue of $4.85 billion during the quarter, compared to the consensus estimate of $4.75 billion. salesforce.com had a net margin of 0.74% and a return on equity of 3.61%. During the same period last year, the business posted $0.70 earnings per share. Equities research analysts expect that salesforce.com, inc. will post 1.22 earnings per share for the current year.
salesforce.com Company Profile
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. 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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