Cedar Capital LLC grew its stake in Salesforce.com Inc (NYSE:CRM) by 34.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,690 shares of the CRM provider’s stock after acquiring an additional 1,205 shares during the quarter. Cedar Capital LLC’s holdings in Salesforce.com were worth $438,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Appropriate Balance Financial Services Inc. increased its holdings in shares of Salesforce.com by 6.9% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock valued at $5,928,000 after acquiring an additional 33 shares during the period. Capital Analysts LLC increased its holdings in shares of Salesforce.com by 14.1% in the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock valued at $110,000 after acquiring an additional 156 shares during the period. Peddock Capital Advisors LLC increased its holdings in shares of Salesforce.com by 3,000.0% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock valued at $121,000 after acquiring an additional 1,350 shares during the period. People s United Financial Inc. increased its holdings in shares of Salesforce.com by 60.1% in the 2nd quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after acquiring an additional 550 shares during the period. Finally, Shine Investment Advisory Services Inc. purchased a new position in shares of Salesforce.com in the 2nd quarter valued at $130,000. Institutional investors and hedge funds own 86.15% of the company’s stock.

In other news, insider Parker Harris sold 8,026 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $102.58, for a total transaction of $823,307.08. Following the completion of the sale, the insider now directly owns 19,261 shares of the company’s stock, valued at approximately $1,975,793.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Maria Martinez sold 940 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $92.75, for a total transaction of $87,185.00. Following the sale, the insider now directly owns 19,890 shares of the company’s stock, valued at $1,844,797.50. The disclosure for this sale can be found here. Insiders sold a total of 523,944 shares of company stock valued at $50,782,964 over the last ninety days. 6.20% of the stock is owned by corporate insiders.

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Shares of Salesforce.com Inc (CRM) traded up $1.64 on Friday, hitting $105.24. 4,675,600 shares of the stock were exchanged, compared to its average volume of 3,983,885. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.77 and a current ratio of 0.77. Salesforce.com Inc has a fifty-two week low of $66.43 and a fifty-two week high of $105.38. The stock has a market cap of $75,635.98, a PE ratio of 526.20, a price-to-earnings-growth ratio of 10.44 and a beta of 1.24.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.24. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The business had revenue of $2.56 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the company posted $0.24 EPS. The company’s revenue was up 25.7% on a year-over-year basis. equities analysts expect that Salesforce.com Inc will post 0.4 earnings per share for the current year.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, August 21st. Credit Suisse Group assumed coverage on Salesforce.com in a research note on Tuesday, August 1st. They set an “outperform” rating and a $110.00 target price on the stock. Wells Fargo & Company restated a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research note on Thursday, August 24th. BNP Paribas restated a “buy” rating and set a $95.00 target price on shares of Salesforce.com in a research note on Friday, August 25th. Finally, JMP Securities restated a “buy” rating and set a $95.00 target price on shares of Salesforce.com in a research note on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $107.17.

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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