Cullinan Associates Inc. lessened its stake in shares of salesforce.com, inc. (NYSE:CRM) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 49,430 shares of the CRM provider’s stock after selling 425 shares during the quarter. Cullinan Associates Inc.’s holdings in salesforce.com were worth $6,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CRM. FMR LLC grew its stake in shares of salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after buying an additional 3,066,099 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc. now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after buying an additional 2,398,648 shares during the last quarter. Vanguard Group Inc grew its stake in shares of salesforce.com by 4.6% during the third quarter. Vanguard Group Inc now owns 54,471,296 shares of the CRM provider’s stock worth $8,662,570,000 after buying an additional 2,398,648 shares during the last quarter. BlackRock Inc. grew its stake in shares of salesforce.com by 5.1% during the third quarter. BlackRock Inc. now owns 46,948,526 shares of the CRM provider’s stock worth $7,466,224,000 after buying an additional 2,292,873 shares during the last quarter. Finally, Mainstay Capital Management LLC ADV grew its stake in shares of salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock worth $7,081,000 after buying an additional 919,056 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CRM traded up $0.07 during trading on Friday, hitting $147.11. 121,084 shares of the company traded hands, compared to its average volume of 6,627,198. salesforce.com, inc. has a fifty-two week low of $102.37 and a fifty-two week high of $161.19. The firm has a market capitalization of $111.68 billion, a P/E ratio of 327.64, a P/E/G ratio of 4.59 and a beta of 1.28. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.22.

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

In related news, CAO Joe Allanson sold 323 shares of the company’s stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $122.60, for a total value of $39,599.80. Following the sale, the chief accounting officer now owns 30,619 shares in the company, valued at approximately $3,753,889.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig Conway sold 200 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $146.49, for a total transaction of $29,298.00. Following the completion of the sale, the director now owns 9,127 shares in the company, valued at approximately $1,337,014.23. The disclosure for this sale can be found here. Insiders have sold 498,706 shares of company stock worth $66,987,616 in the last quarter. Company insiders own 6.00% of the company’s stock.

Several analysts recently weighed in on the stock. Atlantic Securities assumed coverage on shares of salesforce.com in a research note on Wednesday. They issued an “overweight” rating and a $179.00 price objective on the stock. Wedbush reissued an “outperform” rating and issued a $166.00 price objective on shares of salesforce.com in a research note on Monday. Pivotal Research raised shares of salesforce.com from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $164.00 in a research note on Monday. ValuEngine raised shares of salesforce.com from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Finally, Nomura reissued a “buy” rating on shares of salesforce.com in a research note on Wednesday, December 5th. Three research analysts have rated the stock with a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. salesforce.com has an average rating of “Buy” and a consensus target price of $168.97.

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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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