Hyman Charles D decreased its position in shares of salesforce.com, inc. (NYSE:CRM) by 2.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,307 shares of the CRM provider’s stock after selling 187 shares during the period. Hyman Charles D’s holdings in salesforce.com were worth $1,336,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in salesforce.com by 1.9% in the fourth quarter. BlackRock Inc. now owns 65,415,954 shares of the CRM provider’s stock worth $14,557,012,000 after buying an additional 1,217,637 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in salesforce.com by 2.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,846,031 shares of the CRM provider’s stock worth $10,193,453,000 after purchasing an additional 876,975 shares during the period. Morgan Stanley increased its stake in shares of salesforce.com by 13.8% in the fourth quarter. Morgan Stanley now owns 13,886,700 shares of the CRM provider’s stock worth $3,090,207,000 after buying an additional 1,680,084 shares during the period. Fisher Asset Management LLC grew its holdings in salesforce.com by 3.7% in the 1st quarter. Fisher Asset Management LLC now owns 12,952,985 shares of the CRM provider’s stock worth $2,744,349,000 after acquiring an additional 460,821 shares during the last quarter. Finally, Norges Bank purchased a new position in salesforce.com during the 4th quarter valued at about $2,202,604,000. Hedge funds and other institutional investors own 80.20% of the company’s stock.
Shares of salesforce.com stock traded down $7.51 on Tuesday, hitting $216.25. The company’s stock had a trading volume of 163,097 shares, compared to its average volume of 6,852,737. The company has a market capitalization of $199.17 billion, a price-to-earnings ratio of 57.01, a price-to-earnings-growth ratio of 5.42 and a beta of 1.17. The firm has a fifty day moving average price of $222.59 and a 200-day moving average price of $230.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. salesforce.com, inc. has a 1 year low of $155.08 and a 1 year high of $284.50.
In other news, insider Brent Hyder sold 1,189 shares of the stock in a transaction dated Monday, April 26th. The shares were sold at an average price of $234.04, for a total value of $278,273.56. Following the completion of the sale, the insider now directly owns 1,510 shares in the company, valued at $353,400.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Joe Allanson sold 605 shares of the business’s stock in a transaction dated Monday, April 26th. The stock was sold at an average price of $234.04, for a total transaction of $141,594.20. Following the transaction, the chief accounting officer now owns 31,108 shares in the company, valued at $7,280,516.32. The disclosure for this sale can be found here. Insiders have sold 161,736 shares of company stock valued at $36,924,076 in the last three months. Corporate insiders own 4.40% of the company’s stock.
CRM has been the subject of a number of recent research reports. Bank of America reissued a “buy” rating and set a $300.00 price target on shares of salesforce.com in a research report on Monday, February 22nd. Zacks Investment Research downgraded salesforce.com from a “hold” rating to a “sell” rating and set a $232.00 target price on the stock. in a report on Monday, March 1st. JPMorgan Chase & Co. set a $250.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research note on Friday, February 26th. Macquarie lifted their target price on shares of salesforce.com from $252.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, February 26th. Finally, Loop Capital raised shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 price target for the company in a research report on Monday, January 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $269.06.
salesforce.com Company Profile
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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