salesforce.com, inc. (CRM) Shares Sold by Stephens Inc. AR

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Stephens Inc. AR lowered its holdings in salesforce.com, inc. (NYSE:CRM) by 2.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 66,185 shares of the CRM provider’s stock after selling 1,659 shares during the period. Stephens Inc. AR’s holdings in salesforce.com were worth $10,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avondale Wealth Management lifted its stake in shares of salesforce.com by 100.0% in the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of salesforce.com in the 4th quarter valued at approximately $28,000. CX Institutional lifted its stake in shares of salesforce.com by 426.5% in the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Arcadia Investment Management Corp MI lifted its stake in shares of salesforce.com by 63.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 68 shares during the period. Finally, Brand Asset Management Group Inc. purchased a new position in shares of salesforce.com in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.13% of the company’s stock.

Shares of salesforce.com stock traded down $1.68 on Friday, reaching $156.80. The company’s stock had a trading volume of 82,740 shares, compared to its average volume of 4,095,998. The firm has a market cap of $119.52 billion, a price-to-earnings ratio of 108.18, a PEG ratio of 5.72 and a beta of 1.37. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.

salesforce.com (NYSE:CRM) last posted its earnings results on Monday, March 4th. The CRM provider reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.56 billion. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. During the same quarter last year, the company earned $0.35 EPS. On average, equities research analysts forecast that salesforce.com, inc. will post 1.18 EPS for the current fiscal year.

In related news, CFO Mark J. Hawkins sold 847 shares of salesforce.com stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $153.00, for a total value of $129,591.00. Following the completion of the sale, the chief financial officer now owns 19,469 shares of the company’s stock, valued at $2,978,757. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Amy E. Weaver sold 6,409 shares of salesforce.com stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $153.92, for a total value of $986,473.28. Following the completion of the sale, the general counsel now directly owns 32,650 shares of the company’s stock, valued at approximately $5,025,488. The disclosure for this sale can be found here. In the last three months, insiders sold 433,731 shares of company stock valued at $69,408,200. Corporate insiders own 5.50% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. restated a “buy” rating and issued a $180.00 target price on shares of salesforce.com in a research note on Wednesday, April 17th. Robert W. Baird raised their target price on salesforce.com from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Mizuho assumed coverage on salesforce.com in a research note on Wednesday, March 13th. They issued a “buy” rating and a $185.00 target price for the company. Finally, JMP Securities restated a “buy” rating and issued a $178.00 target price on shares of salesforce.com in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating, thirty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $177.82.

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

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