Sheaff Brock Investment Advisors LLC Purchases New Stake in Salesforce.com Inc (CRM)

Sheaff Brock Investment Advisors LLC purchased a new position in shares of Salesforce.com Inc (NYSE:CRM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,286 shares of the CRM provider’s stock, valued at approximately $214,000.

Other institutional investors also recently added to or reduced their stakes in the company. Capital Analysts LLC boosted its holdings in shares of Salesforce.com by 14.1% during the second quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares during the last quarter. Peddock Capital Advisors LLC boosted its holdings in shares of Salesforce.com by 3,000.0% during the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after purchasing an additional 1,350 shares during the last quarter. People s United Financial Inc. boosted its holdings in Salesforce.com by 60.1% in the second quarter. People s United Financial Inc. now owns 1,465 shares of the CRM provider’s stock valued at $127,000 after acquiring an additional 550 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Salesforce.com in the second quarter valued at $130,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its holdings in Salesforce.com by 204.3% in the third quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after acquiring an additional 940 shares during the last quarter. 85.75% of the stock is owned by institutional investors.

Salesforce.com Inc (NYSE CRM) traded up $2.23 during midday trading on Thursday, hitting $102.92. 4,571,000 shares of the stock traded hands, compared to its average volume of 4,458,194. The firm has a market capitalization of $72,728.39, a price-to-earnings ratio of 314.66, a price-to-earnings-growth ratio of 9.46 and a beta of 1.24. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.08. Salesforce.com Inc has a 12 month low of $68.23 and a 12 month high of $109.19.

Salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, November 21st. The CRM provider reported $0.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Salesforce.com had a net margin of 0.09% and a return on equity of 2.81%. The company had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter last year, the business posted $0.24 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. research analysts expect that Salesforce.com Inc will post 0.43 earnings per share for the current year.

In other Salesforce.com news, insider Parker Harris sold 8,027 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $96.57, for a total value of $775,167.39. Following the sale, the insider now directly owns 51,572 shares in the company, valued at $4,980,308.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Keith Block sold 15,282 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $95.99, for a total transaction of $1,466,919.18. Following the sale, the insider now owns 10,000 shares in the company, valued at $959,900. The disclosure for this sale can be found here. Insiders have sold 670,072 shares of company stock worth $68,439,414 over the last three months. 6.20% of the stock is owned by insiders.

A number of brokerages recently weighed in on CRM. Zacks Investment Research upgraded Salesforce.com from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Monday, August 21st. Wells Fargo & Company reiterated a “buy” rating and issued a $100.00 target price on shares of Salesforce.com in a report on Thursday, August 24th. Credit Suisse Group lifted their target price on Salesforce.com from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 17th. BNP Paribas reiterated a “buy” rating and issued a $95.00 target price on shares of Salesforce.com in a report on Friday, August 25th. Finally, JMP Securities reiterated a “buy” rating and issued a $95.00 target price on shares of Salesforce.com in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and forty-four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $112.48.

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About Salesforce.com

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.

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

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