G&S Capital LLC boosted its holdings in salesforce.com, inc. (NYSE:CRM) by 427.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,639 shares of the CRM provider’s stock after acquiring an additional 2,139 shares during the quarter. G&S Capital LLC’s holdings in salesforce.com were worth $429,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of CRM. MidWestOne Financial Group Inc. bought a new stake in shares of salesforce.com during the 2nd quarter worth $756,000. EP Wealth Advisors LLC boosted its stake in shares of salesforce.com by 23.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,527 shares of the CRM provider’s stock worth $383,000 after acquiring an additional 472 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of salesforce.com by 31.2% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 519,231 shares of the CRM provider’s stock worth $77,075,000 after acquiring an additional 123,548 shares in the last quarter. Welch & Forbes LLC boosted its stake in shares of salesforce.com by 19.0% during the 3rd quarter. Welch & Forbes LLC now owns 4,290 shares of the CRM provider’s stock worth $637,000 after acquiring an additional 686 shares in the last quarter. Finally, Sandy Spring Bank boosted its stake in shares of salesforce.com by 1.7% during the 3rd quarter. Sandy Spring Bank now owns 46,067 shares of the CRM provider’s stock worth $6,839,000 after acquiring an additional 749 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.
In other salesforce.com news, CEO Marc Benioff sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $182.79, for a total transaction of $1,827,900.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Joe Allanson sold 323 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $162.57, for a total value of $52,510.11. Following the transaction, the chief accounting officer now owns 31,100 shares in the company, valued at $5,055,927. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 412,086 shares of company stock worth $67,490,537. Corporate insiders own 5.50% of the company’s stock.
CRM traded up $3.36 during trading on Tuesday, reaching $185.59. 2,491,571 shares of the stock traded hands, compared to its average volume of 4,194,895. The stock has a market cap of $161.64 billion, a price-to-earnings ratio of 197.44, a price-to-earnings-growth ratio of 7.61 and a beta of 1.22. salesforce.com, inc. has a fifty-two week low of $137.87 and a fifty-two week high of $184.45. 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 stock’s 50-day simple moving average is $167.49 and its two-hundred day simple moving average is $156.78.
salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $4.51 billion during the quarter, compared to analysts’ expectations of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The business’s revenue for the quarter was up 33.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 earnings per share. Research analysts anticipate that salesforce.com, inc. will post 1.28 earnings per share for the current fiscal year.
Several equities research analysts have recently weighed in on CRM shares. Royal Bank of Canada reissued an “outperform” rating on shares of salesforce.com in a research note on Tuesday, January 7th. Cowen reissued a “buy” rating and set a $195.00 price objective on shares of salesforce.com in a research note on Wednesday, December 4th. Evercore ISI reaffirmed a “buy” rating and issued a $190.00 target price on shares of salesforce.com in a research report on Tuesday, November 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $195.00 target price on shares of salesforce.com in a research report on Wednesday, December 4th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $200.00 target price on shares of salesforce.com in a research report on Wednesday, December 4th. Five analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and two have given a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $194.09.
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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