salesforce.com, inc. (NYSE:CRM) Shares Sold by Personal CFO Solutions LLC


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Personal CFO Solutions LLC reduced its position in shares of salesforce.com, inc. (NYSE:CRM) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,392 shares of the CRM provider’s stock after selling 45 shares during the period. Personal CFO Solutions LLC’s holdings in salesforce.com were worth $1,422,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of salesforce.com by 1.9% in the 4th quarter. BlackRock Inc. now owns 65,415,954 shares of the CRM provider’s stock valued at $14,557,012,000 after purchasing an additional 1,217,637 shares during the period. State Street Corp boosted its position in shares of salesforce.com by 14.4% in the 3rd quarter. State Street Corp now owns 41,671,306 shares of the CRM provider’s stock valued at $10,472,833,000 after purchasing an additional 5,236,449 shares during the period. Fisher Asset Management LLC boosted its position in shares of salesforce.com by 5.0% in the 4th quarter. Fisher Asset Management LLC now owns 12,492,164 shares of the CRM provider’s stock valued at $2,779,881,000 after purchasing an additional 599,727 shares during the period. Morgan Stanley boosted its position in shares of salesforce.com by 10.1% in the 3rd quarter. Morgan Stanley now owns 12,206,616 shares of the CRM provider’s stock valued at $3,067,766,000 after purchasing an additional 1,118,889 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of salesforce.com by 2.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,348,295 shares of the CRM provider’s stock valued at $1,846,774,000 after purchasing an additional 181,355 shares during the period. 80.20% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CRM traded down $5.03 during trading on Tuesday, hitting $235.92. The company’s stock had a trading volume of 255,935 shares, compared to its average volume of 6,987,337. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $229.01 and a 200 day moving average price of $237.12. The firm has a market cap of $215.87 billion, a P/E ratio of 62.91, a price-to-earnings-growth ratio of 5.42 and a beta of 1.17. salesforce.com, inc. has a 52 week low of $115.29 and a 52 week high of $284.50.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Monday, November 30th. The CRM provider reported $1.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.99. salesforce.com had a return on equity of 6.63% and a net margin of 17.53%. The company had revenue of $5.42 million for the quarter, compared to analyst estimates of $5.25 billion. During the same quarter last year, the firm earned $0.75 EPS. salesforce.com’s revenue for the quarter was down 99.9% compared to the same quarter last year. On average, equities analysts expect that salesforce.com, inc. will post 2.81 earnings per share for the current year.

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. set a $250.00 price target on salesforce.com and gave the company a “buy” rating in a research report on Wednesday, December 9th. JMP Securities increased their price target on salesforce.com from $272.00 to $282.00 and gave the company an “outperform” rating in a research report on Wednesday, December 2nd. Oppenheimer reiterated a “buy” rating and issued a $265.00 price target on shares of salesforce.com in a research report on Wednesday, December 2nd. Mizuho raised their price objective on salesforce.com from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, February 17th. Finally, Royal Bank of Canada set a $285.00 price objective on salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $264.83.

In related news, insider Brent Hyder sold 395 shares of the business’s stock in a transaction on Monday, January 25th. The stock was sold at an average price of $227.03, for a total value of $89,676.85. Following the sale, the insider now owns 1,565 shares of the company’s stock, valued at approximately $355,301.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Joe Allanson sold 313 shares of the business’s stock in a transaction on Wednesday, December 23rd. The shares were sold at an average price of $229.36, for a total value of $71,789.68. Following the completion of the sale, the chief accounting officer now directly owns 31,439 shares in the company, valued at approximately $7,210,849.04. The disclosure for this sale can be found here. Insiders have sold a total of 73,144 shares of company stock worth $16,619,830 in the last three months. 4.40% of the stock is owned by insiders.

About salesforce.com

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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