CMH Wealth Management LLC grew its position in shares of salesforce.com, inc. (NYSE:CRM) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,067 shares of the CRM provider’s stock after acquiring an additional 260 shares during the quarter. CMH Wealth Management LLC’s holdings in salesforce.com were worth $2,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Buckley Wealth Management LLC raised its stake in shares of salesforce.com by 7.6% during the 3rd quarter. Buckley Wealth Management LLC now owns 5,216 shares of the CRM provider’s stock worth $774,000 after purchasing an additional 370 shares during the period. Clarus Wealth Advisors raised its stake in shares of salesforce.com by 189.3% during the 3rd quarter. Clarus Wealth Advisors now owns 2,997 shares of the CRM provider’s stock worth $445,000 after purchasing an additional 1,961 shares during the period. Welch & Forbes LLC raised its stake in shares of salesforce.com by 19.0% during the 3rd quarter. Welch & Forbes LLC now owns 4,290 shares of the CRM provider’s stock worth $637,000 after purchasing an additional 686 shares during the period. Larson Financial Group LLC raised its stake in shares of salesforce.com by 98.3% during the 3rd quarter. Larson Financial Group LLC now owns 349 shares of the CRM provider’s stock worth $52,000 after purchasing an additional 173 shares during the period. Finally, HBW Advisory Services LLC bought a new stake in shares of salesforce.com during the 3rd quarter worth $1,835,000. 73.65% of the stock is currently owned by hedge funds and other institutional investors.
salesforce.com stock traded up $2.96 during midday trading on Friday, reaching $149.37. The stock had a trading volume of 4,248,590 shares, compared to its average volume of 5,844,117. 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 has a market capitalization of $127.96 billion, a PE ratio of 103.01, a P/E/G ratio of 5.64 and a beta of 1.23. salesforce.com, inc. has a 12 month low of $113.60 and a 12 month high of $167.56. The firm’s 50-day moving average price is $151.24 and its 200 day moving average price is $154.19.
salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.57. The business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.96 billion. salesforce.com had a return on equity of 7.26% and a net margin of 6.45%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 EPS. Equities research analysts expect that salesforce.com, inc. will post 1.25 EPS for the current year.
CRM has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and set a $184.00 target price (down from $192.00) on shares of salesforce.com in a research note on Tuesday, August 20th. UBS Group set a $190.00 target price on salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Royal Bank of Canada lifted their target price on salesforce.com from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. They noted that the move was a valuation call. KeyCorp set a $180.00 target price on salesforce.com and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Finally, Nomura lifted their target price on salesforce.com from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Three research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. salesforce.com has a consensus rating of “Buy” and a consensus target price of $184.31.
In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $158.94, for a total transaction of $794,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $158.85, for a total value of $893,848.95. Following the transaction, the insider now directly owns 32,675 shares of the company’s stock, valued at approximately $5,190,423.75. The disclosure for this sale can be found here. Insiders have sold a total of 282,339 shares of company stock valued at $42,770,272 in the last ninety days. Insiders own 5.50% of the company’s stock.
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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