Adell Harriman & Carpenter Inc. boosted its position in Salesforce.com Inc (NYSE:CRM) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,884 shares of the CRM provider’s stock after purchasing an additional 1,825 shares during the quarter. Adell Harriman & Carpenter Inc.’s holdings in Salesforce.com were worth $4,940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Thompson Davis & CO. Inc. raised its holdings in Salesforce.com by 0.6% in the second quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after purchasing an additional 18 shares in the last quarter. First Personal Financial Services raised its holdings in Salesforce.com by 1.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares in the last quarter. Appropriate Balance Financial Services Inc. raised its holdings 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 worth $5,928,000 after purchasing an additional 33 shares in the last quarter. Boston Private Wealth LLC raised its holdings in Salesforce.com by 0.3% in the second quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after purchasing an additional 38 shares in the last quarter. Finally, Intrust Bank NA raised its holdings in Salesforce.com by 0.7% in the second quarter. Intrust Bank NA now owns 8,924 shares of the CRM provider’s stock worth $773,000 after purchasing an additional 62 shares in the last quarter. Institutional investors and hedge funds own 86.14% of the company’s stock.

Shares of Salesforce.com Inc (CRM) traded up $0.52 during mid-day trading on Tuesday, hitting $106.30. The company’s stock had a trading volume of 1,578,316 shares, compared to its average volume of 4,365,178. Salesforce.com Inc has a twelve month low of $66.43 and a twelve month high of $105.96. 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. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.08.

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

Several equities analysts have recently weighed in on CRM shares. Stephens restated an “overweight” rating and set a $107.00 price target (up from $100.00) on shares of Salesforce.com in a report on Thursday, August 31st. JMP Securities upgraded Salesforce.com to a “positive” rating in a report on Friday, October 6th. Northland Securities restated a “buy” rating and set a $105.00 price target on shares of Salesforce.com in a report on Sunday, September 10th. Royal Bank Of Canada restated a “buy” rating on shares of Salesforce.com in a report on Thursday, November 9th. Finally, BMO Capital Markets raised their price target on Salesforce.com from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and forty-six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $107.37.

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In related news, CFO Mark J. Hawkins sold 490 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total transaction of $45,824.80. Following the completion of the sale, the chief financial officer now directly owns 14,886 shares in the company, valued at approximately $1,392,138.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 8,027 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $92.75, for a total value of $744,504.25. Following the sale, the insider now owns 49,913 shares of the company’s stock, valued at $4,629,430.75. The disclosure for this sale can be found here. Insiders sold a total of 525,667 shares of company stock valued at $51,069,184 over the last quarter. Company insiders own 6.20% of the company’s stock.

Salesforce.com Company Profile

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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