Aspiriant LLC boosted its position in salesforce.com, inc. (NYSE:CRM) by 167.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,858 shares of the CRM provider’s stock after buying an additional 5,550 shares during the period. Aspiriant LLC’s holdings in salesforce.com were worth $1,316,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Investors Research Corp grew its position in salesforce.com by 159.1% in the 3rd quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after buying an additional 105 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of salesforce.com during the 2nd quarter worth $26,000. Personal Wealth Partners purchased a new stake in shares of salesforce.com during the 2nd quarter worth $28,000. Acima Private Wealth LLC boosted its position in shares of salesforce.com by 250.0% during the 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 135 shares in the last quarter. Finally, Enterprise Trust & Investment Co boosted its position in shares of salesforce.com by 234.4% during the 3rd quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock worth $30,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.
In related news, CAO Joe Allanson sold 323 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $155.57, for a total value of $50,249.11. Following the completion of the transaction, the chief accounting officer now owns 30,619 shares of the company’s stock, valued at approximately $4,763,397.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $140.98, for a total transaction of $1,409,800.00. The disclosure for this sale can be found here. Insiders sold a total of 261,026 shares of company stock valued at $39,295,084 in the last three months. 5.50% of the stock is currently owned by corporate insiders.
Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their target price on shares of salesforce.com from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Barclays restated a “buy” rating and set a $189.00 target price on shares of salesforce.com in a research report on Friday, November 1st. Monness Crespi & Hardt boosted their target price on shares of salesforce.com from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Credit Suisse Group set a $175.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Finally, TheStreet lowered shares of salesforce.com from a “b” rating to a “c” rating in a research report on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $184.74.
salesforce.com stock opened at $159.50 on Friday. salesforce.com, inc. has a 52 week low of $113.60 and a 52 week high of $167.56. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $150.73 and its 200 day simple moving average is $153.15. The firm has a market capitalization of $138.70 billion, a PE ratio of 110.00, a P/E/G ratio of 6.77 and a beta of 1.22.
salesforce.com (NYSE:CRM) last announced its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, research analysts expect that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.
salesforce.com Company Profile
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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