Rothschild Capital Partners LLC lowered its stake in shares of Salesforce.com Inc. (NYSE:CRM) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,050 shares of the CRM provider’s stock after selling 1,485 shares during the period. Salesforce.com makes up about 3.9% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 10th largest position. Rothschild Capital Partners LLC’s holdings in Salesforce.com were worth $7,389,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont raised its position in Salesforce.com by 123.8% in the second quarter. Trust Co. of Vermont now owns 1,936 shares of the CRM provider’s stock valued at $154,000 after buying an additional 1,071 shares during the last quarter. Private Bank & Trust Co. bought a new position in Salesforce.com during the second quarter valued at $201,000. Osborn Rohs Williams & Donohoe Ltd bought a new position in Salesforce.com during the second quarter valued at $206,000. Wealthsource Partners LLC bought a new position in Salesforce.com during the first quarter valued at $209,000. Finally, Integrated Investment Consultants LLC raised its position in Salesforce.com by 1.3% in the second quarter. Integrated Investment Consultants LLC now owns 2,835 shares of the CRM provider’s stock valued at $225,000 after buying an additional 37 shares during the last quarter. Institutional investors own 87.23% of the company’s stock.
Shares of Salesforce.com Inc. (NYSE:CRM) traded up 1.74% during trading on Wednesday, reaching $74.18. The company’s stock had a trading volume of 6,315,838 shares. The company has a market capitalization of $50.81 billion, a PE ratio of 228.95 and a beta of 1.57. The stock has a 50 day moving average of $77.35 and a 200-day moving average of $77.79. Salesforce.com Inc. has a 1-year low of $52.60 and a 1-year high of $84.48.
Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 31st. The CRM provider reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Salesforce.com had a return on equity of 2.19% and a net margin of 2.91%. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period last year, the company earned $0.19 earnings per share. Salesforce.com’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, analysts expect that Salesforce.com Inc. will post $0.95 earnings per share for the current year.
Several equities research analysts have commented on CRM shares. BTIG Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of Salesforce.com in a report on Wednesday, June 1st. Morgan Stanley reaffirmed a “buy” rating on shares of Salesforce.com in a report on Tuesday, May 31st. Brean Capital reaffirmed a “buy” rating on shares of Salesforce.com in a report on Thursday, June 2nd. DA Davidson set a $86.00 price objective on shares of Salesforce.com and gave the company a “hold” rating in a report on Sunday, September 11th. Finally, FBN Securities set a $90.00 price objective on shares of Salesforce.com and gave the company a “buy” rating in a report on Sunday, September 4th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $92.63.
In other news, Director Craig Conway sold 400 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $81.86, for a total value of $32,744.00. Following the transaction, the director now owns 9,268 shares in the company, valued at $758,678.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Marc Benioff sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $73.08, for a total value of $913,500.00. Following the completion of the transaction, the chairman now owns 35,383,000 shares in the company, valued at approximately $2,585,789,640. The disclosure for this sale can be found here. 6.70% of the stock is owned by company insiders.
salesforce.com, inc. is a provider of enterprise cloud computing solutions, with a focus on customer relationship management (CRM). The Company’s Customer Success Platform, including sales force automation, customer service and support, marketing automation, community management, analytics, application development, Internet of Things (IoT) integration and its professional cloud services, provide the next-generation platform of enterprise applications and services.
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