Busey Wealth Management lessened its stake in salesforce.com, inc. (NYSE:CRM) by 21.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,302 shares of the CRM provider’s stock after selling 350 shares during the period. Busey Wealth Management’s holdings in salesforce.com were worth $206,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bremer Trust National Association grew its stake in shares of salesforce.com by 0.4% during the fourth quarter. Bremer Trust National Association now owns 17,925 shares of the CRM provider’s stock worth $2,455,000 after acquiring an additional 66 shares during the last quarter. Highland Private Wealth Management grew its stake in shares of salesforce.com by 3.3% during the fourth quarter. Highland Private Wealth Management now owns 2,124 shares of the CRM provider’s stock worth $291,000 after acquiring an additional 68 shares during the last quarter. Mycio Wealth Partners LLC grew its stake in shares of salesforce.com by 2.5% during the fourth quarter. Mycio Wealth Partners LLC now owns 2,833 shares of the CRM provider’s stock worth $388,000 after acquiring an additional 70 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of salesforce.com by 1.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,983 shares of the CRM provider’s stock worth $546,000 after acquiring an additional 72 shares during the last quarter. Finally, Townsend & Associates Inc grew its stake in shares of salesforce.com by 0.9% during the first quarter. Townsend & Associates Inc now owns 8,377 shares of the CRM provider’s stock worth $1,327,000 after acquiring an additional 73 shares during the last quarter. Institutional investors own 83.02% of the company’s stock.
Shares of NYSE:CRM opened at $158.69 on Wednesday. salesforce.com, inc. has a 12-month low of $113.60 and a 12-month high of $166.99. The company has a market capitalization of $123.39 billion, a price-to-earnings ratio of 109.44, a P/E/G ratio of 5.36 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.95 and a quick ratio of 0.95.
salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, March 4th. The CRM provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.14. salesforce.com had a return on equity of 8.42% and a net margin of 8.36%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.56 billion. During the same period in the previous year, the company posted $0.35 earnings per share. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.31 EPS for the current year.
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. set a $180.00 price target on salesforce.com and gave the stock a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Robert W. Baird boosted their price target on salesforce.com from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Mizuho assumed coverage on salesforce.com in a research note on Wednesday, March 13th. They set a “buy” rating and a $185.00 price target on the stock. Finally, Exane BNP Paribas assumed coverage on salesforce.com in a research report on Friday, March 29th. They issued an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $177.82.
In other news, insider Parker Harris sold 6,331 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $159.46, for a total transaction of $1,009,541.26. Following the completion of the transaction, the insider now directly owns 33,883 shares of the company’s stock, valued at approximately $5,402,983.18. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $152.15, for a total value of $760,750.00. The disclosure for this sale can be found here. Insiders sold 437,752 shares of company stock valued at $69,193,495 over the last three months. 6.00% of the stock is currently owned by corporate insiders.
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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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