Slow Capital Inc. decreased its stake in shares of salesforce.com, inc. (NYSE:CRM) by 31.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,751 shares of the CRM provider’s stock after selling 4,046 shares during the period. Slow Capital Inc.’s holdings in salesforce.com were worth $1,328,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avondale Wealth Management lifted its position in salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock valued at $25,000 after acquiring an additional 80 shares during the period. Citizens Financial Group Inc RI purchased a new position in salesforce.com in the first quarter worth about $27,000. Arcadia Investment Management Corp MI raised its holdings in salesforce.com by 63.0% in the first quarter. Arcadia Investment Management Corp MI now owns 176 shares of the CRM provider’s stock worth $28,000 after buying an additional 68 shares during the last quarter. Avestar Capital LLC raised its holdings in salesforce.com by 108.7% in the first quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Finally, Personal Wealth Partners purchased a new position in salesforce.com in the second quarter worth about $28,000. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CRM traded up $3.36 during mid-day trading on Tuesday, hitting $144.08. 3,878,699 shares of the company traded hands, compared to its average volume of 7,430,983. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50-day moving average price of $153.07. salesforce.com, inc. has a 1 year low of $113.60 and a 1 year high of $167.56. The company has a market cap of $111.26 billion, a PE ratio of 99.37, a price-to-earnings-growth ratio of 5.27 and a beta of 1.27.

salesforce.com (NYSE:CRM) last announced its earnings results on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.32. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The firm’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.74 earnings per share. Equities analysts expect that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

Several research analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of salesforce.com in a report on Friday. They noted that the move was a valuation call. ValuEngine cut shares of salesforce.com from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Compass Point assumed coverage on shares of salesforce.com in a report on Tuesday. They issued a “buy” rating and a $190.00 target price for the company. Barclays reaffirmed a “buy” rating and issued a $182.00 target price on shares of salesforce.com in a report on Tuesday, June 11th. Finally, Evercore ISI set a $190.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. salesforce.com currently has a consensus rating of “Buy” and an average target price of $180.00.

In related news, Chairman Marc Benioff sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $155.55, for a total transaction of $1,555,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keith Block sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $153.00, for a total transaction of $382,500.00. Following the sale, the chief executive officer now owns 30,002 shares of the company’s stock, valued at $4,590,306. The disclosure for this sale can be found here. Insiders have sold 329,007 shares of company stock valued at $50,574,177 over the last 90 days. 5.50% of the stock is currently owned by company insiders.

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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