Krueger & Catalano Capital Partners LLC Invests $2.17 Million in salesforce.com, inc. (CRM)
Krueger & Catalano Capital Partners LLC bought a new position in shares of salesforce.com, inc. (NYSE:CRM) during the fourth quarter, HoldingsChannel reports. The firm bought 21,264 shares of the CRM provider’s stock, valued at approximately $2,174,000. salesforce.com accounts for approximately 1.8% of Krueger & Catalano Capital Partners LLC’s holdings, making the stock its 19th largest holding.
Several other hedge funds also recently made changes to their positions in CRM. Bessemer Group Inc. lifted its position in shares of salesforce.com by 196.4% during the fourth quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock worth $118,000 after purchasing an additional 762 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of salesforce.com during the fourth quarter worth approximately $123,000. Cerebellum GP LLC acquired a new position in shares of salesforce.com during the fourth quarter worth approximately $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its position in shares of salesforce.com by 204.3% during the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock worth $131,000 after purchasing an additional 940 shares in the last quarter. Finally, WFG Advisors LP lifted its position in shares of salesforce.com by 130.2% during the second quarter. WFG Advisors LP now owns 1,837 shares of the CRM provider’s stock worth $159,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors own 85.33% of the company’s stock.
In other news, Director Craig Conway sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $105.90, for a total value of $26,475.00. Following the completion of the transaction, the director now owns 9,408 shares in the company, valued at $996,307.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Marc Benioff sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $110.74, for a total transaction of $553,700.00. The disclosure for this sale can be found here. Insiders sold 480,579 shares of company stock valued at $51,957,770 in the last quarter. Corporate insiders own 6.20% of the company’s stock.
Shares of salesforce.com, inc. (CRM) opened at $106.98 on Monday. salesforce.com, inc. has a 12 month low of $80.25 and a 12 month high of $114.52. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. The company has a market cap of $77,271.66, a P/E ratio of 10,698.00, a price-to-earnings-growth ratio of 5.93 and a beta of 1.32.
salesforce.com (NYSE:CRM) last issued its earnings results on Tuesday, November 21st. The CRM provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.65 billion. salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The business’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 earnings per share. equities research analysts forecast that salesforce.com, inc. will post 0.43 EPS for the current fiscal year.
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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.
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