Curi Capital Buys New Shares in salesforce.com, inc. (NYSE:CRM)


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Curi Capital purchased a new position in shares of salesforce.com, inc. (NYSE:CRM) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 163 shares of the CRM provider’s stock, valued at approximately $36,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in salesforce.com by 1.9% during the fourth quarter. BlackRock Inc. now owns 65,415,954 shares of the CRM provider’s stock worth $14,557,012,000 after purchasing an additional 1,217,637 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of salesforce.com by 2.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,846,031 shares of the CRM provider’s stock worth $10,193,453,000 after buying an additional 876,975 shares during the period. Morgan Stanley increased its stake in shares of salesforce.com by 13.8% in the 4th quarter. Morgan Stanley now owns 13,886,700 shares of the CRM provider’s stock valued at $3,090,207,000 after acquiring an additional 1,680,084 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of salesforce.com by 5.0% in the 4th quarter. Fisher Asset Management LLC now owns 12,492,164 shares of the CRM provider’s stock valued at $2,779,881,000 after buying an additional 599,727 shares during the period. Finally, Norges Bank acquired a new stake in salesforce.com in the fourth quarter valued at approximately $2,202,604,000. 80.20% of the stock is owned by hedge funds and other institutional investors.

CRM stock opened at $220.79 on Thursday. The stock has a 50-day simple moving average of $218.94 and a two-hundred day simple moving average of $233.22. salesforce.com, inc. has a twelve month low of $145.00 and a twelve month high of $284.50. The firm has a market capitalization of $203.35 billion, a PE ratio of 57.65, a PEG ratio of 5.42 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.07.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Thursday, February 25th. The CRM provider reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.74. The company had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.68 billion. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. On average, equities research analysts anticipate that salesforce.com, inc. will post 2.81 EPS for the current fiscal year.

In other news, insider Srinivas Tallapragada sold 5,000 shares of salesforce.com stock in a transaction dated Monday, March 8th. The stock was sold at an average price of $213.00, for a total transaction of $1,065,000.00. Following the completion of the sale, the insider now owns 51,242 shares in the company, valued at approximately $10,914,546. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Parker Harris sold 4,300 shares of the business’s stock in a transaction dated Tuesday, January 12th. The stock was sold at an average price of $215.92, for a total value of $928,456.00. Following the transaction, the insider now directly owns 69,445 shares of the company’s stock, valued at approximately $14,994,564.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 73,330 shares of company stock valued at $16,256,366. Insiders own 4.40% of the company’s stock.

A number of analysts have commented on the stock. Nord/LB lowered shares of salesforce.com from a “buy” rating to a “hold” rating in a research note on Wednesday, March 24th. TheStreet lowered salesforce.com from a “b” rating to a “c+” rating in a report on Thursday, February 25th. JPMorgan Chase & Co. set a $250.00 price target on salesforce.com and gave the stock a “buy” rating in a report on Friday, February 26th. Credit Suisse Group initiated coverage on salesforce.com in a research note on Tuesday, March 16th. They issued an “outperform” rating and a $260.00 price objective for the company. Finally, The Goldman Sachs Group upgraded salesforce.com from a “buy” rating to a “conviction-buy” rating and set a $315.00 target price on the stock in a research note on Monday, March 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-five have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $269.03.

salesforce.com Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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