BKD Wealth Advisors LLC lowered its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,257 shares of the CRM provider’s stock after selling 162 shares during the period. BKD Wealth Advisors LLC’s holdings in salesforce.com were worth $502,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Sky Investment Group LLC boosted its stake in salesforce.com by 1.2% during the 3rd quarter. Sky Investment Group LLC now owns 3,820 shares of the CRM provider’s stock worth $960,000 after purchasing an additional 45 shares during the period. Juncture Wealth Strategies LLC boosted its stake in salesforce.com by 1.0% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 4,466 shares of the CRM provider’s stock worth $1,122,000 after purchasing an additional 45 shares during the period. TCI Wealth Advisors Inc. boosted its stake in salesforce.com by 3.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,367 shares of the CRM provider’s stock worth $304,000 after purchasing an additional 46 shares during the period. Capital Investment Advisors LLC boosted its stake in salesforce.com by 4.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,157 shares of the CRM provider’s stock worth $291,000 after purchasing an additional 49 shares during the period. Finally, Savant Capital LLC boosted its stake in salesforce.com by 1.5% during the 3rd quarter. Savant Capital LLC now owns 3,345 shares of the CRM provider’s stock worth $841,000 after purchasing an additional 50 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.
NYSE:CRM opened at $225.77 on Friday. The company has a market capitalization of $206.58 billion, a P/E ratio of 58.95, a price-to-earnings-growth ratio of 5.42 and a beta of 1.17. salesforce.com, inc. has a twelve month low of $115.29 and a twelve month high of $284.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $222.16 and a two-hundred day moving average price of $230.63.salesforce.com (NYSE:CRM) last issued its quarterly earnings results on Monday, November 30th. The CRM provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.99. The business had revenue of $5.42 million during the quarter, compared to the consensus estimate of $5.25 billion. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The company’s quarterly revenue was down 99.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. On average, equities research analysts predict that salesforce.com, inc. will post 2.81 earnings per share for the current year.
In other news, insider Amy E. Weaver sold 5,800 shares of salesforce.com stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $235.12, for a total transaction of $1,363,696.00. Following the completion of the sale, the insider now directly owns 26,064 shares in the company, valued at $6,128,167.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Parker Harris sold 4,300 shares of salesforce.com stock in a transaction dated Tuesday, January 19th. The stock was sold at an average price of $215.68, for a total transaction of $927,424.00. Following the sale, the insider now owns 69,445 shares of the company’s stock, valued at $14,977,897.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 120,271 shares of company stock valued at $28,218,016. Insiders own 4.40% of the company’s stock.
Several research firms have recently commented on CRM. UBS Group set a $325.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, December 2nd. Truist restated a “buy” rating on shares of salesforce.com in a research note on Tuesday, December 1st. Morgan Stanley reduced their target price on shares of salesforce.com from $275.00 to $270.00 and set an “equal weight” rating for the company in a research note on Thursday, December 3rd. Royal Bank of Canada set a $285.00 target price on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, December 2nd. Finally, Piper Sandler cut shares of salesforce.com from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $278.00 to $242.00 in a research note on Monday, January 11th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-seven have issued a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $261.92.
salesforce.com Company 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.
