Banco BTG Pactual S.A. Takes Position in salesforce.com, inc. (CRM)

Banco BTG Pactual S.A. acquired a new stake in shares of salesforce.com, inc. (NYSE:CRM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,400 shares of the CRM provider’s stock, valued at approximately $280,000.

Other hedge funds also recently made changes to their positions in the company. First Personal Financial Services boosted its stake in shares of salesforce.com, inc. by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock valued at $133,000 after buying an additional 112 shares in the last quarter. Dubuque Bank & Trust Co. boosted its stake in shares of salesforce.com, inc. by 387.1% in the first quarter. Dubuque Bank & Trust Co. now owns 1,622 shares of the CRM provider’s stock valued at $134,000 after buying an additional 1,289 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in shares of salesforce.com, inc. by 35.7% in the first quarter. Acrospire Investment Management LLC now owns 1,900 shares of the CRM provider’s stock valued at $157,000 after buying an additional 500 shares in the last quarter. Pinnacle Bank bought a new stake in shares of salesforce.com, inc. during the first quarter valued at about $181,000. Finally, Crestwood Advisors Group LLC bought a new stake in shares of salesforce.com, inc. during the first quarter valued at about $184,000. 85.69% of the stock is owned by institutional investors.

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

salesforce.com, inc. (NYSE:CRM) traded down 0.50% on Tuesday, hitting $87.10. 1,258,009 shares of the stock were exchanged. salesforce.com, inc. has a one year low of $66.43 and a one year high of $91.99. The stock has a market capitalization of $62.03 billion, a P/E ratio of 460.85 and a beta of 1.24. The company has a 50 day moving average of $88.51 and a 200 day moving average of $81.28.

salesforce.com, inc. (NYSE:CRM) last announced its quarterly earnings data on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. salesforce.com, inc. had a negative net margin of 0.39% and a negative return on equity of 0.48%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 earnings per share. On average, equities research analysts forecast that salesforce.com, inc. will post $1.30 earnings per share for the current fiscal year.

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Several analysts have recently issued reports on CRM shares. Vetr cut shares of salesforce.com, inc. from a “strong-buy” rating to a “buy” rating and set a $93.31 price objective for the company. in a research note on Wednesday, March 1st. Goldman Sachs Group, Inc. (The) set a $96.00 price objective on shares of salesforce.com, inc. and gave the company a “buy” rating in a research note on Wednesday, March 1st. Drexel Hamilton reissued a “buy” rating and set a $100.00 price objective on shares of salesforce.com, inc. in a research note on Wednesday, March 1st. Stifel Nicolaus boosted their price objective on shares of salesforce.com, inc. from $93.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 1st. Finally, Wunderlich reissued a “buy” rating and set a $101.00 price objective on shares of salesforce.com, inc. in a research note on Monday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com, inc. has a consensus rating of “Buy” and an average target price of $96.78.

In other salesforce.com, inc. news, Chairman Marc Benioff sold 20,000 shares of the company’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $86.81, for a total transaction of $1,736,200.00. Following the sale, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at $2,968,493,993. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joe Allanson sold 279 shares of the company’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $90.77, for a total transaction of $25,324.83. Following the sale, the insider now directly owns 28,753 shares in the company, valued at $2,609,909.81. The disclosure for this sale can be found here. In the last three months, insiders sold 1,568,176 shares of company stock worth $137,235,429. 6.70% of the stock is currently owned by insiders.

salesforce.com, inc. 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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