SeaCrest Wealth Management LLC Purchases 2,147 Shares of salesforce.com, inc. (NYSE:CRM)


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SeaCrest Wealth Management LLC raised its position in salesforce.com, inc. (NYSE:CRM) by 17.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,232 shares of the CRM provider’s stock after purchasing an additional 2,147 shares during the period. SeaCrest Wealth Management LLC’s holdings in salesforce.com were worth $3,167,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the business. Occidental Asset Management LLC increased its stake in salesforce.com by 2.2% in the fourth quarter. Occidental Asset Management LLC now owns 2,054 shares of the CRM provider’s stock valued at $457,000 after purchasing an additional 45 shares in the last quarter. Convergence Investment Partners LLC increased its stake in salesforce.com by 2.5% in the fourth quarter. Convergence Investment Partners LLC now owns 1,843 shares of the CRM provider’s stock valued at $410,000 after purchasing an additional 45 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in salesforce.com by 3.5% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,367 shares of the CRM provider’s stock valued at $304,000 after purchasing an additional 46 shares in the last quarter. Hengehold Capital Management LLC increased its stake in salesforce.com by 2.1% in the fourth quarter. Hengehold Capital Management LLC now owns 2,235 shares of the CRM provider’s stock valued at $497,000 after purchasing an additional 46 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its stake in salesforce.com by 4.4% in the third quarter. Capital Investment Advisors LLC now owns 1,157 shares of the CRM provider’s stock valued at $291,000 after purchasing an additional 49 shares in the last quarter. 80.20% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE CRM traded down $3.91 during midday trading on Tuesday, reaching $237.04. The stock had a trading volume of 175,280 shares, compared to its average volume of 6,987,337. The firm has a market cap of $216.89 billion, a price-to-earnings ratio of 62.91, a price-to-earnings-growth ratio of 5.42 and a beta of 1.17. salesforce.com, inc. has a twelve month low of $115.29 and a twelve month high of $284.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. The company’s 50 day moving average price is $229.01 and its 200 day moving average price is $237.12.

salesforce.com (NYSE:CRM) last released its earnings results on Monday, November 30th. The CRM provider reported $1.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.99. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The company had revenue of $5.42 million for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the company earned $0.75 EPS. salesforce.com’s quarterly revenue was down 99.9% compared to the same quarter last year. Equities analysts forecast that salesforce.com, inc. will post 2.81 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $234.00 price objective on shares of salesforce.com and gave the stock a “neutral” rating in a research report on Wednesday, December 2nd. UBS Group set a $325.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 2nd. Morgan Stanley lowered their price objective on shares of salesforce.com from $275.00 to $270.00 and set an “equal weight” rating for the company in a research report on Thursday, December 3rd. Jefferies Financial Group set a $320.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research report on Wednesday, December 30th. Finally, Bank of America reissued a “buy” rating and set a $300.00 price objective on shares of salesforce.com in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $264.83.

In related news, insider Amy E. Weaver sold 11,000 shares of the business’s stock in a transaction dated Tuesday, December 15th. The shares were sold at an average price of $220.90, for a total value of $2,429,900.00. Following the transaction, the insider now directly owns 31,676 shares of the company’s stock, valued at approximately $6,997,228.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Amy E. Weaver sold 9,010 shares of the business’s stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $245.00, for a total transaction of $2,207,450.00. Following the completion of the transaction, the insider now directly owns 27,476 shares in the company, valued at $6,731,620. The disclosure for this sale can be found here. Insiders sold a total of 73,144 shares of company stock worth $16,619,830 over the last three months. 4.40% of the stock is owned by insiders.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management worldwide. 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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