Koshinski Asset Management Inc. Grows Position in salesforce.com, inc. (NYSE:CRM)


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Koshinski Asset Management Inc. increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 1.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,019 shares of the CRM provider’s stock after buying an additional 162 shares during the quarter. Koshinski Asset Management Inc.’s holdings in salesforce.com were worth $2,452,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Dimension Capital Management LLC purchased a new position in salesforce.com during the 3rd quarter worth approximately $26,000. Pacific Center for Financial Services grew its stake in shares of salesforce.com by 1,340.0% in the 4th quarter. Pacific Center for Financial Services now owns 144 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 134 shares during the last quarter. First Personal Financial Services purchased a new position in shares of salesforce.com in the 4th quarter valued at approximately $32,000. Larson Financial Group LLC grew its stake in shares of salesforce.com by 93.4% in the 4th quarter. Larson Financial Group LLC now owns 147 shares of the CRM provider’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. Finally, Flagship Private Wealth LLC purchased a new position in shares of salesforce.com in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 80.20% of the company’s stock.

In other news, CFO Amy E. Weaver sold 10,000 shares of the stock in a transaction that occurred on Monday, April 5th. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the sale, the chief financial officer now directly owns 32,296 shares in the company, valued at approximately $7,105,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy E. Weaver sold 5,000 shares of the stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $227.00, for a total value of $1,135,000.00. Following the completion of the transaction, the chief financial officer now directly owns 26,486 shares of the company’s stock, valued at $6,012,322. The disclosure for this sale can be found here. Insiders have sold a total of 73,330 shares of company stock worth $16,256,366 over the last quarter. Insiders own 4.40% of the company’s stock.

Several research analysts have weighed in on the company. The Goldman Sachs Group upgraded salesforce.com from a “buy” rating to a “conviction-buy” rating and set a $315.00 target price on the stock in a research note on Monday, March 8th. Bank of America reaffirmed a “buy” rating and set a $300.00 price objective on shares of salesforce.com in a report on Monday, February 22nd. Macquarie boosted their price target on salesforce.com from $252.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, February 26th. Nord/LB downgraded salesforce.com from a “buy” rating to a “hold” rating in a research report on Wednesday, March 24th. Finally, Mizuho lifted their price objective on salesforce.com from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, February 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and three have issued a strong buy rating to the company. salesforce.com currently has a consensus rating of “Buy” and a consensus price target of $269.03.

Shares of NYSE CRM opened at $220.79 on Thursday. The stock’s 50 day moving average price is $218.94 and its two-hundred day moving average price is $233.22. salesforce.com, inc. has a 52-week low of $145.00 and a 52-week high of $284.50. The stock has a market capitalization of $203.35 billion, a P/E ratio of 57.65, a PEG ratio of 5.42 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.07.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, February 25th. The CRM provider reported $1.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.74. salesforce.com had a return on equity of 6.63% and a net margin of 17.53%. The firm had revenue of $5.82 billion for the quarter, compared to analysts’ expectations of $5.68 billion. On average, analysts anticipate that salesforce.com, inc. will post 2.81 EPS for the current year.

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

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