salesforce.com, inc. (CRM) Stake Raised by Moody National Bank Trust Division
Moody National Bank Trust Division lifted its position in shares of salesforce.com, inc. (NYSE:CRM) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,206 shares of the CRM provider’s stock after acquiring an additional 424 shares during the quarter. Moody National Bank Trust Division’s holdings in salesforce.com were worth $10,801,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of CRM. Patriot Financial Group Insurance Agency LLC purchased a new position in salesforce.com in the 4th quarter valued at about $28,000. CX Institutional lifted its stake in salesforce.com by 426.5% in the 1st quarter. CX Institutional now owns 179 shares of the CRM provider’s stock valued at $28,000 after buying an additional 145 shares in the last quarter. Intercontinental Wealth Advisors LLC purchased a new position in salesforce.com in the 4th quarter valued at about $36,000. Semmax Financial Advisors Inc. purchased a new position in salesforce.com in the 4th quarter valued at about $36,000. Finally, Aspire Private Capital LLC acquired a new stake in salesforce.com in the 4th quarter valued at about $36,000. 83.02% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. Exane BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. BNP Paribas assumed coverage on shares of salesforce.com in a report on Friday, March 29th. They issued an “outperform” rating for the company. Mizuho assumed coverage on shares of salesforce.com in a report on Wednesday, March 13th. They issued a “buy” rating and a $185.00 price objective for the company. Zacks Investment Research downgraded shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, Citigroup increased their price objective on shares of salesforce.com from $183.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $177.82.
Shares of NYSE:CRM traded down $0.18 during mid-day trading on Thursday, reaching $160.06. 61,075 shares of the company were exchanged, compared to its average volume of 4,820,167. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $121.02 billion, a P/E ratio of 110.36, a PEG ratio of 5.23 and a beta of 1.39. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $166.99.
salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Monday, March 4th. The CRM provider reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.14. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.56 billion. salesforce.com had a net margin of 8.36% and a return on equity of 8.42%. During the same quarter last year, the company posted $0.35 EPS. Research analysts forecast that salesforce.com, inc. will post 1.31 earnings per share for the current fiscal year.
salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. 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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