First United Bank & Trust Boosts Holdings in salesforce.com, inc. (NYSE:CRM)

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.

salesforce.com (NYSE:CRM) last posted its earnings results on Tuesday, August 24th. The CRM provider reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.56. The firm had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.25 billion. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. The company’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.44 EPS. As a group, equities analysts predict that salesforce.com, inc. will post 2.15 EPS for the current fiscal year.

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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Institutional Ownership by Quarter for salesforce.com (NYSE:CRM)

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