Prio Wealth Limited Partnership reduced its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 3.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 362,368 shares of the CRM provider’s stock after selling 11,422 shares during the quarter. salesforce.com makes up approximately 2.4% of Prio Wealth Limited Partnership’s holdings, making the stock its 8th biggest position. Prio Wealth Limited Partnership’s holdings in salesforce.com were worth $49,426,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd grew its stake in shares of salesforce.com by 64.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 1,047 shares of the CRM provider’s stock worth $121,000 after acquiring an additional 409 shares in the last quarter. TLP Group LLC grew its stake in shares of salesforce.com by 353.9% during the 1st quarter. TLP Group LLC now owns 1,103 shares of the CRM provider’s stock worth $128,000 after acquiring an additional 860 shares in the last quarter. Private Capital Group LLC grew its stake in shares of salesforce.com by 91.9% during the 1st quarter. Private Capital Group LLC now owns 1,134 shares of the CRM provider’s stock worth $132,000 after acquiring an additional 543 shares in the last quarter. CWM LLC grew its stake in shares of salesforce.com by 95.8% during the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after acquiring an additional 645 shares in the last quarter. Finally, Signaturefd LLC bought a new position in shares of salesforce.com during the 1st quarter worth approximately $194,000. 85.53% of the stock is owned by institutional investors.

In other news, Chairman Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction on Wednesday, July 25th. The stock was sold at an average price of $148.07, for a total transaction of $740,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Keith Block sold 10,000 shares of salesforce.com stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $126.82, for a total value of $1,268,200.00. Following the sale, the insider now directly owns 29,618 shares of the company’s stock, valued at approximately $3,756,154.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 18,000 shares of company stock valued at $2,497,980 and have sold 601,048 shares valued at $81,897,855. Insiders own 6.00% of the company’s stock.

salesforce.com opened at $145.51 on Friday, MarketBeat reports. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 1.29. salesforce.com, inc. has a one year low of $87.26 and a one year high of $149.35. The firm has a market cap of $107.02 billion, a price-to-earnings ratio of 160.24, a P/E/G ratio of 5.78 and a beta of 1.11.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, May 29th. The CRM provider reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.28. salesforce.com had a net margin of 4.33% and a return on equity of 7.25%. The firm had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. sell-side analysts anticipate that salesforce.com, inc. will post 1.01 earnings per share for the current fiscal year.

CRM has been the subject of several research reports. Deutsche Bank raised their price target on shares of salesforce.com to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Stifel Nicolaus raised their price target on shares of salesforce.com from $142.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 30th. UBS Group set a $144.00 price target on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, May 30th. Canaccord Genuity raised their target price on shares of salesforce.com from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. Finally, Jefferies Financial Group raised their target price on shares of salesforce.com to $155.00 and gave the company a “buy” rating in a research note on Wednesday, May 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $135.23.

salesforce.com Company Profile

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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