Peachtree Investment Partners LLC Sells 50 Shares of salesforce.com, inc. (NYSE:CRM)

Peachtree Investment Partners LLC reduced its position in salesforce.com, inc. (NYSE:CRM) by 4.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,025 shares of the CRM provider’s stock after selling 50 shares during the quarter. Peachtree Investment Partners LLC’s holdings in salesforce.com were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Occidental Asset Management LLC boosted its position in shares of salesforce.com by 2.2% in the fourth quarter. Occidental Asset Management LLC now owns 2,054 shares of the CRM provider’s stock valued at $457,000 after acquiring an additional 45 shares during the period. Convergence Investment Partners LLC raised its stake in salesforce.com by 2.5% in the fourth quarter. Convergence Investment Partners LLC now owns 1,843 shares of the CRM provider’s stock valued at $410,000 after purchasing an additional 45 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in salesforce.com by 2.8% in the fourth quarter. Cobblestone Capital Advisors LLC NY now owns 1,632 shares of the CRM provider’s stock valued at $363,000 after purchasing an additional 45 shares in the last quarter. TCI Wealth Advisors Inc. raised its stake in salesforce.com by 3.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,367 shares of the CRM provider’s stock valued at $304,000 after purchasing an additional 46 shares in the last quarter. Finally, Hengehold Capital Management LLC raised its stake in salesforce.com by 2.1% in the fourth quarter. Hengehold Capital Management LLC now owns 2,235 shares of the CRM provider’s stock valued at $497,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 80.20% of the company’s stock.

In other salesforce.com news, insider Srinivas Tallapragada sold 5,000 shares of the business’s stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $213.00, for a total value of $1,065,000.00. Following the completion of the transaction, the insider now owns 51,242 shares of the company’s stock, valued at approximately $10,914,546. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Parker Harris sold 4,300 shares of the business’s stock in a transaction dated Tuesday, March 30th. The stock was sold at an average price of $209.53, for a total value of $900,979.00. The disclosure for this sale can be found here. In the last three months, insiders sold 176,635 shares of company stock valued at $40,124,503. 4.40% of the stock is owned by insiders.

Shares of CRM traded down $3.18 during trading hours on Monday, hitting $214.48. The company had a trading volume of 60,064 shares, compared to its average volume of 6,621,272. The firm has a fifty day moving average price of $223.33 and a 200-day moving average price of $228.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $197.80 billion, a price-to-earnings ratio of 56.83, a P/E/G ratio of 5.42 and a beta of 1.17. salesforce.com, inc. has a 52-week low of $167.00 and a 52-week high of $284.50.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, February 25th. The CRM provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.74. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.68 billion. salesforce.com had a return on equity of 6.63% and a net margin of 17.53%. Research analysts anticipate that salesforce.com, inc. will post 2.81 earnings per share for the current fiscal year.

CRM has been the topic of a number of recent analyst reports. Nord/LB downgraded shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday, March 24th. 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. Piper Sandler decreased their price target on shares of salesforce.com from $242.00 to $240.00 and set a “neutral” rating on the stock in a research note on Thursday, March 4th. Bank of America reissued a “buy” rating and set a $300.00 price target on shares of salesforce.com in a research note on Monday, February 22nd. Finally, Loop Capital raised shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 price target on the stock in a research note on Monday, January 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-six have issued a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $268.49.

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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