Crestline Management LP increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,800 shares of the CRM provider’s stock after buying an additional 816 shares during the period. Crestline Management LP’s holdings in salesforce.com were worth $2,535,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Sandy Spring Bank increased its stake in shares of salesforce.com by 1.7% during the fourth quarter. Sandy Spring Bank now owns 27,382 shares of the CRM provider’s stock valued at $2,799,000 after buying an additional 470 shares during the period. King Luther Capital Management Corp increased its stake in shares of salesforce.com by 16.3% during the third quarter. King Luther Capital Management Corp now owns 3,414 shares of the CRM provider’s stock valued at $319,000 after buying an additional 479 shares during the period. Cetera Advisors LLC increased its stake in shares of salesforce.com by 17.5% during the fourth quarter. Cetera Advisors LLC now owns 3,259 shares of the CRM provider’s stock valued at $334,000 after buying an additional 485 shares during the period. BB&T Corp increased its stake in shares of salesforce.com by 2.6% during the fourth quarter. BB&T Corp now owns 20,751 shares of the CRM provider’s stock valued at $2,121,000 after buying an additional 533 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its stake in shares of salesforce.com by 23.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 2,826 shares of the CRM provider’s stock valued at $289,000 after buying an additional 540 shares during the period. Hedge funds and other institutional investors own 86.68% of the company’s stock.
In related news, Director Susan Wojcicki purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was bought at an average cost of $127.82 per share, with a total value of $766,920.00. Following the completion of the acquisition, the director now owns 52,393 shares of the company’s stock, valued at approximately $6,696,873.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig Conway sold 1,548 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $104.63, for a total value of $161,967.24. Following the completion of the transaction, the director now directly owns 9,614 shares of the company’s stock, valued at $1,005,912.82. The disclosure for this sale can be found here. Insiders sold 265,307 shares of company stock valued at $29,733,909 over the last three months. 6.20% of the stock is currently owned by corporate insiders.
salesforce.com, inc. (NYSE:CRM) traded down $0.02 during trading on Wednesday, hitting $126.71. The company had a trading volume of 217,195 shares, compared to its average volume of 5,333,604. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.92 and a quick ratio of 0.82. salesforce.com, inc. has a 12-month low of $80.50 and a 12-month high of $128.20. The firm has a market capitalization of $92,700.00, a P/E ratio of 281.60, a price-to-earnings-growth ratio of 5.83 and a beta of 1.25.
salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. salesforce.com had a return on equity of 3.86% and a net margin of 1.22%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the company posted $0.28 earnings per share. salesforce.com’s revenue for the quarter was up 24.3% on a year-over-year basis. analysts expect that salesforce.com, inc. will post 0.9 EPS for the current fiscal year.
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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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