180 Wealth Advisors LLC lowered its position in shares of salesforce.com, inc. (NYSE:CRM) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 5,225 shares of the CRM provider’s stock after selling 103 shares during the period. 180 Wealth Advisors LLC’s holdings in salesforce.com were worth $946,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Investors Research Corp boosted its holdings in salesforce.com by 159.1% in the 3rd quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 105 shares during the period. Sound Income Strategies LLC boosted its holdings in salesforce.com by 93.8% in the 4th quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 75 shares during the period. Acima Private Wealth LLC boosted its holdings in salesforce.com by 250.0% in the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 135 shares during the period. Enterprise Trust & Investment Co boosted its holdings in salesforce.com by 234.4% in the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 143 shares during the period. Finally, Strategic Blueprint LLC purchased a new position in salesforce.com in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 80.42% of the company’s stock.
In other salesforce.com news, CAO Joe Allanson sold 323 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $162.57, for a total value of $52,510.11. Following the sale, the chief accounting officer now directly owns 31,100 shares of the company’s stock, valued at $5,055,927. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 5,000 shares of the stock in a transaction on Monday, October 21st. The stock was sold at an average price of $144.43, for a total value of $722,150.00. The disclosure for this sale can be found here. Insiders sold 417,706 shares of company stock worth $68,301,769 over the last ninety days. 5.50% of the stock is owned by corporate insiders.
Shares of CRM stock traded down $0.63 on Friday, hitting $182.06. 970,616 shares of the stock traded hands, compared to its average volume of 5,606,461. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $161.54 billion, a PE ratio of 125.56, a PEG ratio of 7.60 and a beta of 1.22. salesforce.com, inc. has a 1-year low of $137.87 and a 1-year high of $184.45. The company’s fifty day moving average is $165.92 and its 200 day moving average is $156.19.
salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The firm had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. During the same period last year, the company earned $0.61 earnings per share. The firm’s revenue for the quarter was up 33.0% on a year-over-year basis. As a group, equities research analysts expect that salesforce.com, inc. will post 1.28 EPS for the current year.
A number of research firms have weighed in on CRM. Evercore ISI restated a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a report on Tuesday, November 12th. UBS Group reiterated a “buy” rating and set a $190.00 target price on shares of salesforce.com in a research note on Wednesday, December 4th. Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating and set a $175.00 target price for the company. in a research note on Friday, January 3rd. William Blair reiterated an “outperform” rating on shares of salesforce.com in a research note on Wednesday, December 4th. Finally, Cross Research reiterated an “outperform” rating on shares of salesforce.com in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $193.66.
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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