salesforce.com, inc. (CRM) Shares Sold by Savant Capital LLC

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Savant Capital LLC cut its stake in salesforce.com, inc. (NYSE:CRM) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,053 shares of the CRM provider’s stock after selling 130 shares during the quarter. Savant Capital LLC’s holdings in salesforce.com were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of salesforce.com in the fourth quarter valued at about $28,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of salesforce.com in the fourth quarter valued at about $36,000. Certified Advisory Corp grew its stake in shares of salesforce.com by 52.4% in the fourth quarter. Certified Advisory Corp now owns 291 shares of the CRM provider’s stock valued at $40,000 after acquiring an additional 100 shares in the last quarter. Ruggie Capital Group acquired a new position in shares of salesforce.com in the fourth quarter valued at about $45,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in shares of salesforce.com in the fourth quarter valued at about $54,000. 85.17% of the stock is currently owned by institutional investors.

Shares of NYSE CRM opened at $159.91 on Tuesday. The company has a market capitalization of $122.33 billion, a P/E ratio of 355.36, a price-to-earnings-growth ratio of 5.08 and a beta of 1.37. salesforce.com, inc. has a 1 year low of $105.93 and a 1 year high of $161.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.86 and a quick ratio of 0.86.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The business had revenue of $3.39 billion during the quarter, compared to analyst estimates of $3.37 billion. salesforce.com had a net margin of 6.51% and a return on equity of 8.06%. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business earned $0.39 EPS. Analysts forecast that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

In other salesforce.com news, Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $157.54, for a total transaction of $1,575,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Joe Allanson sold 323 shares of the firm’s stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $122.60, for a total transaction of $39,599.80. Following the transaction, the chief accounting officer now owns 30,619 shares of the company’s stock, valued at approximately $3,753,889.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 523,959 shares of company stock valued at $72,544,955. 6.00% of the stock is owned by company insiders.

Several equities analysts recently commented on CRM shares. Wedbush upped their price target on shares of salesforce.com from $160.00 to $166.00 in a research note on Sunday, December 2nd. TheStreet upgraded shares of salesforce.com from a “c+” rating to a “b” rating in a research note on Thursday, January 31st. Credit Suisse Group reiterated a “buy” rating and set a $175.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Citigroup increased their price objective on shares of salesforce.com from $178.00 to $183.00 and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $160.00 price objective on shares of salesforce.com in a research note on Wednesday, November 28th. Three investment analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $170.38.

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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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