salesforce.com, inc. (CRM) Shares Bought by Riverhead Capital Management LLC

Riverhead Capital Management LLC increased its stake in shares of salesforce.com, inc. (NYSE:CRM) by 19.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,595 shares of the CRM provider’s stock after buying an additional 3,407 shares during the quarter. Riverhead Capital Management LLC’s holdings in salesforce.com were worth $3,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Botty Investors LLC acquired a new position in salesforce.com during the third quarter valued at $123,000. Psagot Investment House Ltd. acquired a new position in salesforce.com during the third quarter valued at $134,000. Resources Investment Advisors Inc. lifted its position in salesforce.com by 328.2% during the second quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock valued at $172,000 after purchasing an additional 965 shares during the period. United Capital Management of KS Inc. acquired a new position in salesforce.com during the third quarter valued at $193,000. Finally, Nikulski Financial Inc. acquired a new position in salesforce.com during the third quarter valued at $200,000. 82.78% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Craig Conway sold 200 shares of the company’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $146.49, for a total transaction of $29,298.00. Following the completion of the transaction, the director now owns 9,127 shares in the company, valued at approximately $1,337,014.23. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $138.90, for a total transaction of $694,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 487,322 shares of company stock valued at $71,467,243. Insiders own 6.00% of the company’s stock.

CRM opened at $135.95 on Friday. salesforce.com, inc. has a twelve month low of $101.32 and a twelve month high of $161.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $108.68 billion, a P/E ratio of 302.11, a P/E/G ratio of 4.32 and a beta of 1.42.

salesforce.com (NYSE:CRM) last released its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.11. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The firm had revenue of $3.39 billion during the quarter, compared to the consensus estimate of $3.37 billion. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, sell-side analysts expect that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on CRM shares. Zacks Investment Research restated a “hold” rating on shares of salesforce.com in a research report on Monday, November 12th. KeyCorp boosted their target price on shares of salesforce.com from $147.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, August 30th. UBS Group boosted their target price on shares of salesforce.com from $168.00 to $180.00 and gave the company a “buy” rating in a research report on Thursday, August 30th. Piper Jaffray Companies restated a “buy” rating on shares of salesforce.com in a research report on Thursday, August 30th. Finally, TheStreet downgraded shares of salesforce.com from a “b-” rating to a “c+” rating in a research report on Friday, October 26th. Four research analysts have rated the stock with a hold rating, thirty-five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $168.08.

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About salesforce.com

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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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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