Moloney Securities Asset Management LLC increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 55.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,627 shares of the CRM provider’s stock after purchasing an additional 1,650 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in salesforce.com were worth $980,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CRM. Northwest Investment Counselors LLC bought a new stake in shares of salesforce.com in the 1st quarter worth approximately $29,000. Pacific Center for Financial Services lifted its stake in salesforce.com by 1,340.0% in the fourth quarter. Pacific Center for Financial Services now owns 144 shares of the CRM provider’s stock valued at $32,000 after buying an additional 134 shares during the last quarter. First Personal Financial Services acquired a new position in shares of salesforce.com during the fourth quarter valued at $32,000. Larson Financial Group LLC raised its position in shares of salesforce.com by 93.4% during the 4th quarter. Larson Financial Group LLC now owns 147 shares of the CRM provider’s stock worth $33,000 after buying an additional 71 shares in the last quarter. Finally, Flagship Private Wealth LLC acquired a new stake in shares of salesforce.com in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 80.20% of the company’s stock.

Several research firms have recently weighed in on CRM. Wolfe Research began coverage on shares of salesforce.com in a research report on Wednesday, April 28th. They set an “outperform” rating and a $270.00 price objective for the company. TheStreet raised salesforce.com from a “c+” rating to a “b-” rating in a research report on Monday, April 26th. The Goldman Sachs Group upgraded shares of salesforce.com from a “buy” rating to a “conviction-buy” rating and set a $315.00 target price for the company in a research report on Monday, March 8th. Mizuho boosted their price target on salesforce.com from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, February 17th. Finally, Loop Capital upgraded shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 price target on the stock in a research note on Monday, January 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and three have given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $269.06.

In other news, CAO Joe Allanson sold 225 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The stock was sold at an average price of $215.95, for a total value of $48,588.75. Following the transaction, the chief accounting officer now owns 31,439 shares in the company, valued at $6,789,252.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Srinivas Tallapragada sold 5,000 shares of the firm’s stock in a transaction on Monday, February 8th. The shares were sold at an average price of $239.70, for a total value of $1,198,500.00. Following the sale, the insider now directly owns 51,242 shares of the company’s stock, valued at $12,282,707.40. The disclosure for this sale can be found here. Insiders sold a total of 161,736 shares of company stock worth $36,924,076 over the last three months. 4.40% of the stock is owned by company insiders.

CRM opened at $223.76 on Tuesday. The stock has a market capitalization of $206.08 billion, a price-to-earnings ratio of 58.42, a P/E/G ratio of 5.42 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.07. salesforce.com, inc. has a twelve month low of $155.08 and a twelve month high of $284.50. The company has a 50-day simple moving average of $222.59 and a 200 day simple moving average of $230.51.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Thursday, February 25th. The CRM provider reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.74. salesforce.com had a return on equity of 6.63% and a net margin of 17.53%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Sell-side analysts anticipate that salesforce.com, inc. will post 2.81 EPS for the current fiscal year.

salesforce.com Profile

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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