Moody Lynn & Lieberson LLC increased its stake in shares of Salesforce.com Inc (NYSE:CRM) by 362.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,390 shares of the CRM provider’s stock after purchasing an additional 46,560 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Salesforce.com were worth $5,548,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CRM. Janus Henderson Group PLC lifted its holdings in shares of Salesforce.com by 911.7% during the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after purchasing an additional 11,498,509 shares during the period. Jennison Associates LLC lifted its holdings in shares of Salesforce.com by 17.0% during the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after purchasing an additional 2,740,329 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Salesforce.com by 5.2% during the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock worth $3,996,548,000 after purchasing an additional 2,268,623 shares during the period. Tybourne Capital Management HK Ltd. lifted its holdings in shares of Salesforce.com by 76.5% during the second quarter. Tybourne Capital Management HK Ltd. now owns 4,738,144 shares of the CRM provider’s stock worth $410,323,000 after purchasing an additional 2,053,200 shares during the period. Finally, Harbour Capital Advisors LLC lifted its holdings in shares of Salesforce.com by 8,573.8% during the second quarter. Harbour Capital Advisors LLC now owns 1,358,321 shares of the CRM provider’s stock worth $15,685,000 after purchasing an additional 1,342,661 shares during the period. 86.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Salesforce.com Inc (NYSE:CRM) traded up $1.64 on Monday, reaching $105.24. The company had a trading volume of 4,675,700 shares, compared to its average volume of 4,364,057. The company has a market cap of $75,950.00, a P/E ratio of 526.20, a P/E/G ratio of 10.44 and a beta of 1.23. 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 52-week low of $66.43 and a 52-week high of $105.38.

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

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In other news, insider Parker Harris sold 8,027 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $90.76, for a total value of $728,530.52. Following the completion of the sale, the insider now owns 49,913 shares in the company, valued at $4,530,103.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Keith Block sold 10,000 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $103.74, for a total value of $1,037,400.00. Following the completion of the sale, the insider now owns 24,154 shares of the company’s stock, valued at approximately $2,505,735.96. The disclosure for this sale can be found here. Insiders have sold a total of 533,944 shares of company stock valued at $51,820,364 in the last quarter. 6.20% of the stock is currently owned by insiders.

A number of equities research analysts have commented on CRM shares. J P Morgan Chase & Co reissued a “buy” rating and issued a $95.00 target price on shares of Salesforce.com in a report on Wednesday, August 23rd. Drexel Hamilton reissued a “buy” rating and issued a $111.00 target price on shares of Salesforce.com in a report on Wednesday, August 23rd. Piper Jaffray Companies reissued a “buy” rating and issued a $115.00 target price on shares of Salesforce.com in a report on Wednesday, November 1st. Deutsche Bank AG reissued a “buy” rating and issued a $90.00 target price (down previously from $95.00) on shares of Salesforce.com in a report on Wednesday, August 23rd. Finally, Canaccord Genuity reissued a “buy” rating on shares of Salesforce.com in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and forty-six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $107.37.

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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