Salesforce.com Inc (NYSE:CRM) Position Maintained by Emerald Advisers Inc. PA

Emerald Advisers Inc. PA held its position in Salesforce.com Inc (NYSE:CRM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,563 shares of the CRM provider’s stock at the end of the second quarter. Emerald Advisers Inc. PA’s holdings in Salesforce.com were worth $222,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. increased its position in Salesforce.com by 6.9% in the second quarter. Appropriate Balance Financial Services Inc. now owns 513 shares of the CRM provider’s stock worth $5,928,000 after buying an additional 33 shares in the last quarter. Intrust Bank NA increased its position in Salesforce.com by 0.4% in the first quarter. Intrust Bank NA now owns 8,862 shares of the CRM provider’s stock worth $731,000 after buying an additional 36 shares in the last quarter. King Luther Capital Management Corp increased its position in Salesforce.com by 1.3% in the first quarter. King Luther Capital Management Corp now owns 3,233 shares of the CRM provider’s stock worth $267,000 after buying an additional 43 shares in the last quarter. Wellington Shields Capital Management LLC increased its position in Salesforce.com by 0.3% in the first quarter. Wellington Shields Capital Management LLC now owns 15,350 shares of the CRM provider’s stock worth $1,266,000 after buying an additional 50 shares in the last quarter. Finally, Boltwood Capital Management increased its position in Salesforce.com by 0.4% in the second quarter. Boltwood Capital Management now owns 13,655 shares of the CRM provider’s stock worth $1,182,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 86.29% of the company’s stock.

Salesforce.com Inc (CRM) opened at 90.76 on Friday. Salesforce.com Inc has a 1-year low of $66.43 and a 1-year high of $92.49. The company’s 50-day moving average price is $89.63 and its 200-day moving average price is $86.11. The firm has a market capitalization of $64.64 billion, a P/E ratio of 480.21 and a beta of 1.29.

Salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Thursday, May 18th. The CRM provider reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Salesforce.com had a net margin of 1.49% and a return on equity of 1.80%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the business posted $0.24 earnings per share. Salesforce.com’s quarterly revenue was up 24.6% compared to the same quarter last year. Equities research analysts expect that Salesforce.com Inc will post $1.30 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This piece of content was published by BNB Daily and is owned by of BNB Daily. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/19/emerald-advisers-inc-pa-continues-to-hold-position-in-salesforce-com-inc-nysecrm-updated-updated.html.

A number of analysts have recently issued reports on CRM shares. Northland Securities set a $105.00 price objective on Salesforce.com and gave the company a “buy” rating in a research report on Saturday, June 24th. MKM Partners reaffirmed a “buy” rating and issued a $104.00 price objective (up from $98.00) on shares of Salesforce.com in a research report on Friday, May 19th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $80.00 price objective on shares of Salesforce.com in a research report on Monday, May 22nd. BTIG Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a research report on Monday, May 22nd. Finally, Mizuho reaffirmed a “buy” rating and issued a $100.00 price objective (up from $95.00) on shares of Salesforce.com in a research report on Friday, May 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $97.31.

In related news, insider Joe Allanson sold 279 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $90.77, for a total transaction of $25,324.83. Following the completion of the sale, the insider now owns 28,753 shares of the company’s stock, valued at $2,609,909.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Marc Benioff sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $85.73, for a total transaction of $857,300.00. Following the sale, the chairman now directly owns 34,195,300 shares of the company’s stock, valued at approximately $2,931,563,069. The disclosure for this sale can be found here. Insiders sold 1,333,410 shares of company stock valued at $119,961,863 over the last 90 days. 6.70% of the stock is currently owned by company insiders.

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)

Receive News & Ratings for Salesforce.com Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce.com Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply