Stephens Investment Management Group LLC increased its stake in Salesforce.com Inc (NYSE:CRM) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,848 shares of the CRM provider’s stock after buying an additional 827 shares during the period. Stephens Investment Management Group LLC’s holdings in Salesforce.com were worth $2,545,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. First Personal Financial Services increased its stake in shares of Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares during the period. Dubuque Bank & Trust Co. increased its stake in shares of Salesforce.com by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock valued at $134,000 after buying an additional 1,289 shares during the period. Acrospire Investment Management LLC increased its stake in shares of Salesforce.com by 35.7% in the first quarter. Acrospire Investment Management LLC now owns 1,900 shares of the CRM provider’s stock valued at $157,000 after buying an additional 500 shares during the period. Hemenway Trust Co LLC bought a new stake in shares of Salesforce.com during the fourth quarter valued at about $137,000. Finally, Pinnacle Bank bought a new stake in shares of Salesforce.com during the first quarter valued at about $181,000. Institutional investors and hedge funds own 85.67% of the company’s stock.

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

Salesforce.com Inc (NYSE CRM) traded down 0.31% during midday trading on Friday, reaching $86.00. The company’s stock had a trading volume of 8,004,954 shares. The company’s 50-day moving average is $88.47 and its 200 day moving average is $81.01. The firm has a market cap of $61.25 billion, a price-to-earnings ratio of 455.03 and a beta of 1.24. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $91.99.

Salesforce.com (NYSE:CRM) last released its earnings results on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Equities analysts forecast that Salesforce.com Inc will post $1.30 earnings per share for the current year.

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Several brokerages recently issued reports on CRM. Jefferies Group LLC reiterated a “hold” rating and set a $80.00 price target on shares of Salesforce.com in a report on Friday. Cowen and Company reiterated an “outperform” rating and set a $100.00 price target on shares of Salesforce.com in a report on Wednesday, March 8th. BidaskClub downgraded Salesforce.com from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $95.00 price target on shares of Salesforce.com in a report on Friday, March 3rd. Finally, Vetr upgraded Salesforce.com from a “buy” rating to a “strong-buy” rating and set a $100.19 price target for the company in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $96.78.

In related news, Director Lawrence Tomlinson sold 17,000 shares of the stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $91.57, for a total value of $1,556,690.00. Following the transaction, the director now owns 17,497 shares of the company’s stock, valued at $1,602,200.29. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Marc Benioff sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $85.73, for a total value of $857,300.00. Following the completion of the transaction, the chairman now directly owns 34,195,300 shares in the company, valued at approximately $2,931,563,069. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,578,176 shares of company stock worth $137,994,329. Insiders own 6.70% of the company’s stock.

Salesforce.com Company 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.

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