180 Wealth Advisors LLC decreased its holdings in salesforce.com, inc. (NYSE:CRM) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,225 shares of the CRM provider’s stock after selling 103 shares during the quarter. 180 Wealth Advisors LLC’s holdings in salesforce.com were worth $946,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Welch & Forbes LLC raised its holdings in salesforce.com by 4.1% during the fourth quarter. Welch & Forbes LLC now owns 4,465 shares of the CRM provider’s stock worth $727,000 after purchasing an additional 175 shares in the last quarter. Mirador Capital Partners LP raised its holdings in salesforce.com by 5.7% during the fourth quarter. Mirador Capital Partners LP now owns 10,336 shares of the CRM provider’s stock worth $1,681,000 after purchasing an additional 554 shares in the last quarter. Beech Hill Advisors Inc. acquired a new stake in salesforce.com during the fourth quarter worth approximately $439,000. IFP Advisors Inc raised its holdings in salesforce.com by 109.5% during the fourth quarter. IFP Advisors Inc now owns 14,456 shares of the CRM provider’s stock worth $2,380,000 after purchasing an additional 7,555 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. raised its holdings in salesforce.com by 17.6% during the fourth quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 20,000 shares of the CRM provider’s stock worth $3,253,000 after purchasing an additional 3,000 shares in the last quarter. 80.42% of the stock is owned by institutional investors and hedge funds.
In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were sold at an average price of $144.43, for a total transaction of $722,150.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Parker Harris sold 620 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $143.68, for a total transaction of $89,081.60. Following the sale, the insider now owns 32,034 shares in the company, valued at $4,602,645.12. The disclosure for this sale can be found here. Insiders have sold a total of 417,706 shares of company stock worth $68,301,769 over the last 90 days. Insiders own 5.50% of the company’s stock.
Shares of NYSE CRM traded down $0.63 during trading on Friday, hitting $182.06. 970,616 shares of the company were exchanged, compared to its average volume of 5,606,461. The company has a market cap of $161.54 billion, a price-to-earnings ratio of 125.56, a PEG ratio of 7.60 and a beta of 1.22. salesforce.com, inc. has a 1 year low of $137.87 and a 1 year high of $184.45. The firm’s fifty day moving average price is $165.92 and its 200 day moving average price is $156.19. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05.
salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.66 by $0.09. The company had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.45 billion. salesforce.com had a net margin of 4.64% and a return on equity of 5.37%. The business’s revenue was up 33.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. On average, research analysts forecast that salesforce.com, inc. will post 1.28 earnings per share for the current year.
A number of equities analysts have recently commented on CRM shares. Citigroup lifted their target price on shares of salesforce.com from $185.00 to $196.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Piper Jaffray Companies started coverage on shares of salesforce.com in a report on Wednesday, November 13th. They issued an “overweight” rating and a $190.00 target price on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $185.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. William Blair reaffirmed an “outperform” rating on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Barclays reaffirmed a “buy” rating and issued a $189.00 target price on shares of salesforce.com in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $193.66.
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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