Rothschild Investment Corp IL bought a new position in Salesforce.com Inc (NYSE:CRM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,046 shares of the CRM provider’s stock, valued at approximately $938,000.
Several other large investors have also recently made changes to their positions in the stock. Thompson Davis & CO. Inc. increased its stake in shares of Salesforce.com by 0.6% in the second quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after purchasing an additional 18 shares during the period. First Personal Financial Services increased its stake in shares of Salesforce.com by 1.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares during the period. Appropriate Balance Financial Services Inc. increased its stake in shares of Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after purchasing an additional 33 shares during the period. Boston Private Wealth LLC increased its stake in shares of Salesforce.com by 0.3% in the second quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after purchasing an additional 38 shares during the period. Finally, Boltwood Capital Management increased its stake in shares of Salesforce.com by 0.4% in the second quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock worth $1,182,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 86.14% of the company’s stock.
In related news, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $99.00, for a total value of $12,308,769.00. Following the completion of the transaction, the insider now directly owns 154,406 shares in the company, valued at approximately $15,286,194. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Mark J. Hawkins sold 490 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total transaction of $45,824.80. Following the completion of the transaction, the chief financial officer now owns 14,886 shares of the company’s stock, valued at $1,392,138.72. The disclosure for this sale can be found here. Insiders have sold a total of 525,667 shares of company stock valued at $51,069,184 in the last three months. 6.20% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on CRM shares. Vetr cut shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 target price for the company. in a research note on Tuesday, August 15th. Goldman Sachs Group, Inc. (The) set a $110.00 target price on shares of Salesforce.com and gave the company a “buy” rating in a research note on Wednesday, November 8th. Jefferies Group LLC set a $97.00 price objective on shares of Salesforce.com and gave the stock a “neutral” rating in a research report on Wednesday, November 8th. BTIG Research boosted their price objective on shares of Salesforce.com to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Mizuho restated a “buy” rating and issued a $120.00 price objective (up previously from $110.00) on shares of Salesforce.com in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and forty-six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $107.37.
Shares of Salesforce.com Inc (CRM) traded up $0.54 during trading on Tuesday, hitting $105.78. 4,609,500 shares of the stock were exchanged, compared to its average volume of 4,365,178. Salesforce.com Inc has a 12 month low of $66.43 and a 12 month high of $105.96. The stock has a market cap of $75,635.98, a PE ratio of 526.20, a price-to-earnings-growth ratio of 10.44 and a beta of 1.24. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The firm’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 EPS. analysts predict that Salesforce.com Inc will post 0.4 earnings per share for the current year.
Salesforce.com Company Profile
Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.
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