1,620 Shares in salesforce.com, inc. (CRM) Acquired by Abbrea Capital LLC

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Abbrea Capital LLC purchased a new position in shares of salesforce.com, inc. (NYSE:CRM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,620 shares of the CRM provider’s stock, valued at approximately $221,000.

A number of other large investors have also modified their holdings of CRM. Harvest Fund Management Co. Ltd increased its stake in shares of salesforce.com by 64.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 409 shares during the last quarter. TLP Group LLC increased its stake in shares of salesforce.com by 353.9% during the 1st quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock worth $128,000 after purchasing an additional 860 shares during the last quarter. Private Capital Group LLC increased its stake in shares of salesforce.com by 91.9% during the 1st quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock worth $132,000 after purchasing an additional 543 shares during the last quarter. CWM LLC increased its stake in shares of salesforce.com by 95.8% during the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after purchasing an additional 645 shares during the last quarter. Finally, Signaturefd LLC acquired a new position in shares of salesforce.com during the 1st quarter worth about $194,000. 85.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CRM opened at $145.02 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $106.79 billion, a price-to-earnings ratio of 322.27, a price-to-earnings-growth ratio of 5.77 and a beta of 1.11. salesforce.com, inc. has a 12-month low of $90.28 and a 12-month high of $149.35.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, May 29th. The CRM provider reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.28. The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.94 billion. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 EPS. research analysts forecast that salesforce.com, inc. will post 1.01 EPS for the current fiscal year.

CRM has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of salesforce.com from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. Credit Suisse Group boosted their price objective on shares of salesforce.com from $135.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, May 4th. Oppenheimer boosted their price objective on shares of salesforce.com from $152.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 11th. Bank of America restated a “buy” rating and set a $161.00 price objective on shares of salesforce.com in a research note on Monday, May 21st. Finally, Canaccord Genuity boosted their price objective on shares of salesforce.com from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating, forty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $137.92.

In other salesforce.com news, Director John Victor Roos sold 176 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $149.51, for a total value of $26,313.76. Following the completion of the sale, the director now owns 12,337 shares of the company’s stock, valued at approximately $1,844,504.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sanford Robertson sold 30,000 shares of the business’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $134.05, for a total transaction of $4,021,500.00. Following the completion of the sale, the director now directly owns 174,806 shares of the company’s stock, valued at approximately $23,432,744.30. The disclosure for this sale can be found here. In the last three months, insiders acquired 24,000 shares of company stock valued at $3,376,260 and sold 579,842 shares valued at $79,566,055. Insiders own 6.00% of the company’s stock.

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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