OLD National Bancorp IN boosted its stake in Salesforce.com Inc (NYSE:CRM) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,010 shares of the CRM provider’s stock after buying an additional 1,071 shares during the period. OLD National Bancorp IN’s holdings in Salesforce.com were worth $1,713,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in Salesforce.com by 105.5% in the second quarter. Signaturefd LLC now owns 1,350 shares of the CRM provider’s stock valued at $107,000 after buying an additional 693 shares in the last quarter. NEXT Financial Group Inc boosted its position in shares of Salesforce.com by 2.3% in the third quarter. NEXT Financial Group Inc now owns 1,754 shares of the CRM provider’s stock worth $125,000 after buying an additional 39 shares during the period. Mycio Wealth Partners LLC boosted its position in shares of Salesforce.com by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,879 shares of the CRM provider’s stock worth $149,000 after buying an additional 44 shares during the period. Alpha Omega Wealth Management LLC bought a new position in shares of Salesforce.com during the third quarter worth about $150,000. Finally, Krilogy Financial LLC boosted its position in shares of Salesforce.com by 259.4% in the second quarter. Krilogy Financial LLC now owns 2,113 shares of the CRM provider’s stock worth $168,000 after buying an additional 1,525 shares during the period. 85.99% of the stock is owned by hedge funds and other institutional investors.
Shares of Salesforce.com Inc (NYSE:CRM) opened at 77.11 on Wednesday. Salesforce.com Inc has a 52-week low of $52.60 and a 52-week high of $84.48. The company has a market capitalization of $53.72 billion, a P/E ratio of 261.39 and a beta of 1.46. The firm has a 50-day moving average of $72.27 and a 200 day moving average of $75.09.
Salesforce.com (NYSE:CRM) last issued its earnings results on Thursday, November 17th. The CRM provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.12 billion. Salesforce.com had a net margin of 2.60% and a return on equity of 2.40%. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 EPS. On average, analysts anticipate that Salesforce.com Inc will post $0.98 EPS for the current year.
CRM has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, September 27th. Nomura reaffirmed a “buy” rating and issued a $90.00 target price on shares of Salesforce.com in a report on Tuesday, September 27th. Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 target price on shares of Salesforce.com in a report on Sunday, October 2nd. Cowen and Company reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Monday, October 3rd. Finally, DA Davidson dropped their target price on shares of Salesforce.com from $86.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, October 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Salesforce.com presently has a consensus rating of “Buy” and a consensus price target of $92.15.
In other Salesforce.com news, insider Alexandre Dayon sold 33,408 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The shares were sold at an average price of $77.97, for a total transaction of $2,604,821.76. Following the sale, the insider now directly owns 48,704 shares in the company, valued at approximately $3,797,450.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Burke F. Norton sold 180,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $74.15, for a total transaction of $13,347,000.00. Following the sale, the executive vice president now owns 253,923 shares in the company, valued at $18,828,390.45. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 4,096 shares of company stock worth $299,862 and sold 1,030,898 shares worth $75,542,645. Company insiders own 6.70% of the company’s stock.
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.
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