First United Bank & Trust increased its position in salesforce.com, inc. (NYSE:CRM) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,457 shares of the CRM provider’s stock after buying an additional 170 shares during the quarter. First United Bank & Trust’s holdings in salesforce.com were worth $1,480,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Joseph P. Lucia & Associates LLC increased its position in salesforce.com by 761.5% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 99 shares during the period. Rosenberg Matthew Hamilton bought a new stake in shares of salesforce.com during the 3rd quarter valued at $34,000. Atlas Private Wealth Advisors boosted its holdings in shares of salesforce.com by 115.3% during the 2nd quarter. Atlas Private Wealth Advisors now owns 127 shares of the CRM provider’s stock valued at $31,000 after buying an additional 68 shares in the last quarter. First PREMIER Bank bought a new stake in shares of salesforce.com during the 2nd quarter valued at $32,000. Finally, Duncker Streett & Co. Inc. boosted its stake in salesforce.com by 35.8% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 163 shares of the CRM provider’s stock worth $40,000 after purchasing an additional 43 shares in the last quarter. 73.41% of the stock is currently owned by institutional investors.
NYSE CRM opened at $289.17 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $283.10 billion, a P/E ratio of 116.13, a P/E/G ratio of 8.37 and a beta of 1.07. salesforce.com, inc. has a one year low of $201.51 and a one year high of $311.75. The stock has a 50 day moving average price of $288.13 and a 200-day moving average price of $259.25.
In other salesforce.com news, CFO Amy E. Weaver sold 7,262 shares of the firm’s stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $306.90, for a total value of $2,228,707.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy E. Weaver sold 6,135 shares of the firm’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $266.27, for a total value of $1,633,566.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 737,826 shares of company stock valued at $205,921,946. 4.10% of the stock is owned by corporate insiders.
A number of equities analysts recently issued reports on the stock. Barclays set a $348.00 price target on shares of salesforce.com in a research note on Wednesday, November 17th. William Blair reissued a “buy” rating on shares of salesforce.com in a research report on Thursday, August 26th. The Goldman Sachs Group set a $350.00 target price on salesforce.com in a research report on Wednesday, September 1st. JMP Securities boosted their target price on salesforce.com from $320.00 to $325.00 and gave the stock a “buy” rating in a research report on Friday, September 24th. Finally, Raymond James boosted their target price on salesforce.com from $280.00 to $340.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $320.59.
salesforce.com Company Profile
salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.
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