Mission Wealth Management LP boosted its position in shares of salesforce.com, inc. (NYSE:CRM) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,024 shares of the CRM provider’s stock after acquiring an additional 169 shares during the period. Mission Wealth Management LP’s holdings in salesforce.com were worth $1,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC bought a new stake in salesforce.com during the 2nd quarter worth approximately $30,000. Capstone Financial Group Inc. bought a new stake in salesforce.com during the 3rd quarter worth approximately $50,000. Investors Research Corp raised its stake in salesforce.com by 58.5% during the 2nd quarter. Investors Research Corp now owns 271 shares of the CRM provider’s stock worth $51,000 after acquiring an additional 100 shares during the period. JJJ Advisors Inc. raised its stake in salesforce.com by 46.5% during the 2nd quarter. JJJ Advisors Inc. now owns 293 shares of the CRM provider’s stock worth $55,000 after acquiring an additional 93 shares during the period. Finally, Estate Counselors LLC bought a new stake in salesforce.com during the 2nd quarter worth approximately $57,000. Institutional investors own 81.40% of the company’s stock.

CRM has been the topic of several recent analyst reports. Truist lifted their price objective on shares of salesforce.com from $210.00 to $287.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Stifel Nicolaus lifted their price objective on shares of salesforce.com from $220.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, August 26th. Jefferies Financial Group reiterated a “buy” rating and set a $235.00 price objective (up previously from $220.00) on shares of salesforce.com in a research report on Wednesday, August 19th. Goldman Sachs Group set a $252.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research report on Tuesday, September 1st. Finally, Piper Sandler lifted their price objective on shares of salesforce.com from $210.00 to $285.00 and gave the company an “overweight” rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-three have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $246.31.

Shares of CRM opened at $258.55 on Friday. The firm has a market capitalization of $235.28 billion, a P/E ratio of 101.00, a P/E/G ratio of 7.78 and a beta of 1.27. salesforce.com, inc. has a 12-month low of $115.29 and a 12-month high of $284.50. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $254.10 and a 200-day moving average price of $197.75.

salesforce.com (NYSE:CRM) last released its quarterly earnings data on Tuesday, August 25th. The CRM provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.77. The firm had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.90 billion. salesforce.com had a return on equity of 3.99% and a net margin of 12.21%. The firm’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Analysts predict that salesforce.com, inc. will post 1.91 earnings per share for the current year.

In related news, CAO Joe Allanson sold 238 shares of salesforce.com stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $242.78, for a total value of $57,781.64. Following the completion of the sale, the chief accounting officer now directly owns 31,439 shares in the company, valued at $7,632,760.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 30,000 shares of salesforce.com stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $189.01, for a total value of $5,670,300.00. Following the completion of the sale, the chief executive officer now owns 29,978,800 shares of the company’s stock, valued at $5,666,292,988. The disclosure for this sale can be found here. Insiders sold 731,193 shares of company stock valued at $167,388,606 over the last 90 days. 4.40% of the stock is currently owned by corporate insiders.

About salesforce.com

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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