Seatown Holdings Pte. Ltd. Has $12.15 Million Holdings in Salesforce.com Inc (CRM)

Seatown Holdings Pte. Ltd. lowered its position in Salesforce.com Inc (NYSE:CRM) by 53.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 130,000 shares of the CRM provider’s stock after selling 150,000 shares during the period. Salesforce.com comprises approximately 0.9% of Seatown Holdings Pte. Ltd.’s investment portfolio, making the stock its 28th biggest position. Seatown Holdings Pte. Ltd.’s holdings in Salesforce.com were worth $12,145,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Thompson Davis & CO. Inc. raised its position in shares of Salesforce.com by 0.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 3,163 shares of the CRM provider’s stock worth $274,000 after purchasing an additional 18 shares during the last quarter. First Personal Financial Services raised its position in shares of Salesforce.com by 1.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the CRM provider’s stock worth $142,000 after purchasing an additional 25 shares during the last quarter. Appropriate Balance Financial Services Inc. raised its position in shares of Salesforce.com by 6.9% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after purchasing an additional 33 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of Salesforce.com by 0.3% during the 2nd quarter. Boston Private Wealth LLC now owns 12,607 shares of the CRM provider’s stock worth $1,092,000 after purchasing an additional 38 shares during the last quarter. Finally, Boltwood Capital Management raised its position in shares of Salesforce.com by 0.4% during the 2nd quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock worth $1,182,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 86.15% of the company’s stock.

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Salesforce.com Inc (NYSE:CRM) traded down $0.17 during trading hours on Monday, hitting $102.54. 322,781 shares of the stock were exchanged, compared to its average volume of 3,268,530. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $73,817.68, a price-to-earnings ratio of 513.55, a PEG ratio of 9.79 and a beta of 1.24. Salesforce.com Inc has a twelve month low of $66.43 and a twelve month high of $103.92.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.24. The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.52 billion. Salesforce.com had a negative net margin of 0.85% and a positive return on equity of 1.83%. The company’s revenue was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. equities analysts expect that Salesforce.com Inc will post 0.4 earnings per share for the current year.

In other Salesforce.com news, insider Alexandre Dayon sold 124,331 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $99.00, for a total transaction of $12,308,769.00. Following the completion of the sale, the insider now directly owns 154,406 shares in the company, valued at $15,286,194. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Keith Block sold 7,641 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $95.85, for a total transaction of $732,389.85. Following the sale, the insider now owns 14,718 shares of the company’s stock, valued at $1,410,720.30. The disclosure for this sale can be found here. In the last three months, insiders sold 514,173 shares of company stock valued at $49,679,996. Company insiders own 6.20% of the company’s stock.

Several research firms recently weighed in on CRM. Robert W. Baird restated a “buy” rating and set a $110.00 price target (up previously from $100.00) on shares of Salesforce.com in a research report on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and set a $111.00 price target on shares of Salesforce.com in a research report on Wednesday, August 23rd. UBS AG restated a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a research report on Thursday, August 24th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $100.00 price target on shares of Salesforce.com in a research report on Thursday, August 24th. Finally, Vetr downgraded shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price target for the company. in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and forty-six have given a buy rating to the stock. Salesforce.com has a consensus rating of “Buy” and an average price target of $104.25.

Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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