Gilder Gagnon Howe & Co. LLC increased its stake in shares of Salesforce.com Inc (NYSE:CRM) by 86.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 468,489 shares of the CRM provider’s stock after buying an additional 216,570 shares during the period. Gilder Gagnon Howe & Co. LLC owned approximately 0.07% of Salesforce.com worth $40,571,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Appropriate Balance Financial Services Inc. boosted its position in Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after buying an additional 33 shares in the last quarter. Intrust Bank NA boosted its position in Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock valued at $731,000 after buying an additional 36 shares in the last quarter. King Luther Capital Management Corp boosted its position in Salesforce.com by 1.3% in the first quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock valued at $267,000 after buying an additional 43 shares in the last quarter. Wellington Shields Capital Management LLC boosted its position in Salesforce.com by 0.3% in the first quarter. Wellington Shields Capital Management LLC now owns 15,350 shares of the CRM provider’s stock valued at $1,266,000 after buying an additional 50 shares in the last quarter. Finally, Boltwood Capital Management boosted its position in Salesforce.com by 0.4% in the second quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock valued at $1,182,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 85.87% of the company’s stock.

Shares of Salesforce.com Inc (NYSE CRM) opened at 90.50 on Tuesday. Salesforce.com Inc has a 12-month low of $66.43 and a 12-month high of $92.13. The company has a market capitalization of $64.45 billion, a P/E ratio of 478.84 and a beta of 1.29. The company has a 50 day moving average price of $88.60 and a 200 day moving average price of $85.06.

Salesforce.com (NYSE:CRM) last posted its earnings results on Thursday, May 18th. The CRM provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a return on equity of 1.80% and a net margin of 1.49%. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Salesforce.com’s revenue was up 24.6% on a year-over-year basis. Equities analysts anticipate that Salesforce.com Inc will post $1.30 EPS for the current year.

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Several brokerages have recently weighed in on CRM. Northland Securities set a $105.00 price objective on shares of Salesforce.com and gave the stock a “buy” rating in a research note on Saturday, June 24th. MKM Partners reiterated a “buy” rating and issued a $104.00 price objective (up previously from $98.00) on shares of Salesforce.com in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. BTIG Research reiterated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research note on Monday, May 22nd. Finally, Mizuho reiterated a “buy” rating and issued a $100.00 price objective (up previously from $95.00) on shares of Salesforce.com in a research note on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $97.41.

In other Salesforce.com news, Director Maynard G. Webb, Jr. sold 2,680 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $90.01, for a total value of $241,226.80. Following the sale, the director now owns 31,048 shares of the company’s stock, valued at approximately $2,794,630.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Maria Martinez sold 10,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $92.00, for a total value of $920,000.00. Following the completion of the sale, the insider now directly owns 30,907 shares in the company, valued at approximately $2,843,444. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,418,005 shares of company stock worth $127,427,385. 6.70% of the stock is owned by corporate insiders.

About Salesforce.com

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

Institutional Ownership by Quarter for Salesforce.com (NYSE:CRM)

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