Salesforce.com Inc (CRM) Holdings Boosted by Buckingham Capital Management Inc.
Buckingham Capital Management Inc. grew its holdings in Salesforce.com Inc (NYSE:CRM) by 33.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,113 shares of the CRM provider’s stock after purchasing an additional 4,535 shares during the quarter. Buckingham Capital Management Inc.’s holdings in Salesforce.com were worth $1,569,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of CRM. Capital Analysts LLC boosted its stake in Salesforce.com by 14.1% in the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC boosted its stake in Salesforce.com by 3,000.0% in the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 1,350 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Salesforce.com in the second quarter worth $130,000. First Personal Financial Services boosted its stake in Salesforce.com by 7.5% in the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after purchasing an additional 112 shares in the last quarter. Finally, Harfst & Associates Inc. acquired a new position in Salesforce.com in the first quarter worth $141,000. 86.98% of the stock is currently owned by institutional investors.
Shares of Salesforce.com Inc (NYSE CRM) traded down 1.57% during trading on Tuesday, hitting $96.18. The stock had a trading volume of 1,857,132 shares. The stock has a 50 day moving average of $92.11 and a 200 day moving average of $87.65. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $97.62. The firm’s market cap is $69.12 billion.
Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.24. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The firm’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. On average, equities analysts anticipate that Salesforce.com Inc will post $1.32 EPS for the current year.
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Several brokerages have recently issued reports on CRM. Vetr raised Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 price target on the stock in a research note on Monday, May 15th. Stephens reaffirmed an “overweight” rating and set a $107.00 price target (up previously from $100.00) on shares of Salesforce.com in a research note on Thursday, August 31st. Northland Securities reaffirmed a “buy” rating and set a $105.00 price target on shares of Salesforce.com in a research note on Sunday. Wells Fargo & Company reaffirmed a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a research note on Thursday, August 24th. Finally, Zacks Investment Research lowered Salesforce.com from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $102.28.
In other Salesforce.com news, insider Amy E. Weaver sold 1,400 shares of Salesforce.com stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $87.04, for a total value of $121,856.00. Following the completion of the sale, the insider now owns 16,513 shares of the company’s stock, valued at approximately $1,437,291.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Mark J. Hawkins sold 490 shares of Salesforce.com stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $93.52, for a total transaction of $45,824.80. Following the completion of the sale, the chief financial officer now directly owns 14,886 shares of the company’s stock, valued at approximately $1,392,138.72. The disclosure for this sale can be found here. Insiders have sold 674,078 shares of company stock valued at $60,618,853 in the last three months. 6.70% of the stock is owned by insiders.
Salesforce.com 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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