Parallel Advisors LLC cut its stake in Salesforce.com Inc (NYSE:CRM) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,385 shares of the CRM provider’s stock after selling 628 shares during the period. Parallel Advisors LLC’s holdings in Salesforce.com were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Capital Analysts LLC lifted its holdings in Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after acquiring an additional 156 shares during the last quarter. Peddock Capital Advisors LLC lifted its holdings in Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock valued at $121,000 after acquiring an additional 1,350 shares during the last quarter. People s United Financial Inc. lifted its holdings in Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after acquiring an additional 550 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its holdings in Salesforce.com by 204.3% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after acquiring an additional 940 shares during the last quarter. Finally, First Personal Financial Services lifted its holdings in Salesforce.com by 1.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock valued at $142,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 85.75% of the company’s stock.

Salesforce.com Inc (CRM) opened at $104.54 on Tuesday. The company has a market capitalization of $74,714.72, a price-to-earnings ratio of 323.25, a P/E/G ratio of 9.72 and a beta of 1.24. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. Salesforce.com Inc has a twelve month low of $68.23 and a twelve month high of $109.19.

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

A number of research analysts recently commented on the company. Vetr cut Salesforce.com from a “buy” rating to a “hold” rating and set a $107.78 price objective on the stock. in a report on Monday. Raymond James Financial restated a “buy” rating and set a $125.00 price target on shares of Salesforce.com in a research note on Wednesday, November 22nd. Needham & Company LLC restated a “hold” rating on shares of Salesforce.com in a research note on Wednesday, November 22nd. Goldman Sachs Group set a $122.00 price target on Salesforce.com and gave the stock a “buy” rating in a research note on Thursday, November 23rd. Finally, Cowen restated a “buy” rating and set a $118.00 price target on shares of Salesforce.com in a research note on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and forty-four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $112.48.

In other news, CAO Joe Allanson sold 622 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $106.77, for a total transaction of $66,410.94. Following the completion of the sale, the chief accounting officer now owns 29,062 shares in the company, valued at $3,102,949.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alexandre Dayon sold 124,331 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the sale, the insider now owns 154,406 shares of the company’s stock, valued at approximately $15,286,194. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 701,825 shares of company stock worth $71,790,228. Corporate insiders own 6.20% of the company’s stock.

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About Salesforce.com

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.

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

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