salesforce.com, inc. (NYSE:CRM) Shares Acquired by Executive Wealth Management LLC

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Executive Wealth Management LLC grew its stake in salesforce.com, inc. (NYSE:CRM) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,669 shares of the CRM provider’s stock after buying an additional 1,272 shares during the quarter. Executive Wealth Management LLC’s holdings in salesforce.com were worth $1,467,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Avondale Wealth Management increased its stake in salesforce.com by 100.0% during the 1st quarter. Avondale Wealth Management now owns 160 shares of the CRM provider’s stock worth $25,000 after buying an additional 80 shares in the last quarter. Citizens Financial Group Inc RI purchased a new stake in salesforce.com during the 1st quarter worth approximately $27,000. Arcadia Investment Management Corp MI increased its stake in salesforce.com by 63.0% during the 1st 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 in the last quarter. Avestar Capital LLC increased its stake in salesforce.com by 108.7% during the 1st quarter. Avestar Capital LLC now owns 192 shares of the CRM provider’s stock worth $28,000 after buying an additional 100 shares in the last quarter. Finally, Personal Wealth Partners purchased a new stake in salesforce.com during the 2nd quarter worth approximately $28,000. 82.05% of the stock is owned by institutional investors and hedge funds.

Shares of salesforce.com stock opened at $143.88 on Wednesday. The stock has a market capitalization of $111.26 billion, a price-to-earnings ratio of 99.23, a price-to-earnings-growth ratio of 5.27 and a beta of 1.27. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $152.88.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 earnings per share for the quarter, topping 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 return on equity of 8.18% and a net margin of 8.26%. The firm’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 earnings per share. Equities research analysts predict that salesforce.com, inc. will post 1.25 earnings per share for the current fiscal year.

In other salesforce.com news, CEO Marc Benioff sold 5,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $155.34, for a total transaction of $776,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Joe Allanson sold 327 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $153.55, for a total value of $50,210.85. Following the transaction, the chief accounting officer now owns 30,619 shares in the company, valued at $4,701,547.45. The disclosure for this sale can be found here. Insiders sold 309,671 shares of company stock valued at $47,578,569 over the last quarter. 5.50% of the stock is currently owned by company insiders.

CRM has been the subject of several research reports. SunTrust Banks boosted their price objective on salesforce.com to $189.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Sanford C. Bernstein reiterated a “neutral” rating and set a $169.00 price objective on shares of salesforce.com in a research note on Tuesday, June 11th. UBS Group set a $190.00 price objective on salesforce.com and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Wedbush reiterated an “outperform” rating and set a $192.00 price objective on shares of salesforce.com in a research note on Friday, May 31st. Finally, Bank of America reiterated a “buy” rating and set a $200.00 price objective on shares of salesforce.com in a research note on Wednesday, June 5th. 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 company’s stock. The company has a consensus rating of “Buy” and an average price target of $180.00.

salesforce.com 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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