Moors & Cabot Inc. acquired a new stake in Salesforce.com Inc (NYSE:CRM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,355 shares of the CRM provider’s stock, valued at approximately $965,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Capital Analysts LLC increased its stake in shares of Salesforce.com by 14.1% during the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC increased its stake in shares of Salesforce.com by 3,000.0% during the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 1,350 shares in the last quarter. People s United Financial Inc. increased its stake in shares of Salesforce.com by 60.1% during the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock worth $127,000 after purchasing an additional 550 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Salesforce.com by 204.3% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares in the last quarter. Finally, First Personal Financial Services increased its stake in shares of Salesforce.com by 1.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares in the last quarter. 85.75% of the stock is owned by institutional investors.

A number of analysts have recently commented on CRM shares. J P Morgan Chase & Co reissued a “buy” rating and set a $95.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and set a $111.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Vetr cut shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 target price for the company. in a research note on Monday. Piper Jaffray Companies reissued a “buy” rating and set a $115.00 target price on shares of Salesforce.com in a research note on Wednesday, November 1st. Finally, Deutsche Bank reissued a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $112.53.

In other news, CAO Joe Allanson sold 622 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $106.77, for a total value of $66,410.94. Following the transaction, the chief accounting officer now directly owns 29,062 shares in the company, valued at approximately $3,102,949.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Parker Harris sold 8,026 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $95.60, for a total transaction of $767,285.60. Following the completion of the transaction, the insider now owns 51,571 shares in the company, valued at $4,930,187.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 686,543 shares of company stock worth $70,323,309. Company insiders own 6.20% of the company’s stock.

Salesforce.com Inc (NYSE CRM) opened at $104.24 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The firm has a market cap of $75,075.87, a PE ratio of 324.81, a price-to-earnings-growth ratio of 9.76 and a beta of 1.24. Salesforce.com Inc has a fifty-two week low of $68.23 and a fifty-two week high of $109.19.

Salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business posted $0.24 EPS. Salesforce.com’s revenue was up 25.0% on a year-over-year basis. equities research analysts predict that Salesforce.com Inc will post 0.43 earnings per share for the current fiscal year.

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Salesforce.com Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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