First United Bank Trust Raises Stake in salesforce.com, inc. (NYSE:CRM)

Share on StockTwits

First United Bank Trust boosted its position in salesforce.com, inc. (NYSE:CRM) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,600 shares of the CRM provider’s stock after buying an additional 90 shares during the quarter. First United Bank Trust’s holdings in salesforce.com were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Buckingham Capital Management Inc. lifted its position in salesforce.com by 6.2% in the first quarter. Buckingham Capital Management Inc. now owns 34,547 shares of the CRM provider’s stock valued at $5,471,000 after purchasing an additional 2,028 shares during the last quarter. Fiera Capital Corp lifted its position in salesforce.com by 341.3% in the first quarter. Fiera Capital Corp now owns 7,370 shares of the CRM provider’s stock valued at $1,167,000 after purchasing an additional 5,700 shares during the last quarter. Hoylecohen LLC lifted its position in salesforce.com by 24.9% in the first quarter. Hoylecohen LLC now owns 10,169 shares of the CRM provider’s stock valued at $1,610,000 after purchasing an additional 2,030 shares during the last quarter. Marvin & Palmer Associates Inc. bought a new stake in salesforce.com in the first quarter valued at approximately $5,245,000. Finally, Hancock Whitney Corp lifted its position in salesforce.com by 16.1% in the first quarter. Hancock Whitney Corp now owns 124,380 shares of the CRM provider’s stock valued at $19,698,000 after purchasing an additional 17,220 shares during the last quarter. 73.65% of the stock is owned by institutional investors and hedge funds.

Shares of salesforce.com stock opened at $149.37 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The company has a market cap of $128.96 billion, a PE ratio of 100.72, a P/E/G ratio of 6.30 and a beta of 1.23. The business has a 50 day moving average of $151.31 and a 200 day moving average of $154.13. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.57. The business had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 earnings per share. On average, research analysts anticipate that salesforce.com, inc. will post 1.25 earnings per share for the current year.

Several analysts have weighed in on CRM shares. TheStreet downgraded salesforce.com from a “b” rating to a “c” rating in a research report on Thursday, August 22nd. Royal Bank of Canada boosted their price objective on salesforce.com from $181.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. They noted that the move was a valuation call. JMP Securities boosted their price objective on salesforce.com from $178.00 to $191.00 and gave the company a “market outperform” rating in a research report on Friday, August 23rd. Monness Crespi & Hardt boosted their price objective on salesforce.com from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, Stephens set a $184.00 price objective on salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $184.31.

In other salesforce.com news, insider Amy E. Weaver sold 5,627 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $158.85, for a total value of $893,848.95. Following the completion of the transaction, the insider now owns 32,675 shares in the company, valued at $5,190,423.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Marc Benioff sold 5,000 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $147.19, for a total value of $735,950.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 282,339 shares of company stock valued at $42,770,272. 5.50% of the stock is owned by corporate insiders.

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.

Read More: What is net income?

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

Receive News & Ratings for salesforce.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for salesforce.com and related companies with MarketBeat.com's FREE daily email newsletter.