Columbia Trust Co 01012016 Has $1.61 Million Stock Position in salesforce.com, inc. (NYSE:CRM)

Columbia Trust Co 01012016 boosted its holdings in shares of salesforce.com, inc. (NYSE:CRM) by 3.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,948 shares of the CRM provider’s stock after buying an additional 175 shares during the period. Columbia Trust Co 01012016’s holdings in salesforce.com were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CRM. Duncker Streett & Co. Inc. grew its position in salesforce.com by 35.8% during the 2nd quarter. Duncker Streett & Co. Inc. now owns 163 shares of the CRM provider’s stock worth $40,000 after acquiring an additional 43 shares during the last quarter. Bank of Marin boosted its position in salesforce.com by 0.4% in the 2nd quarter. Bank of Marin now owns 12,000 shares of the CRM provider’s stock valued at $2,931,000 after buying an additional 43 shares during the last quarter. Magellan Asset Management Ltd boosted its position in salesforce.com by 2.5% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,880 shares of the CRM provider’s stock valued at $459,000 after buying an additional 45 shares during the last quarter. Andesa Financial Management Inc. boosted its position in salesforce.com by 2.0% in the 2nd quarter. Andesa Financial Management Inc. now owns 2,394 shares of the CRM provider’s stock valued at $583,000 after buying an additional 46 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC boosted its position in shares of salesforce.com by 2.3% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 2,085 shares of the CRM provider’s stock worth $509,000 after purchasing an additional 46 shares during the last quarter. 73.41% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on CRM. Piper Sandler upgraded salesforce.com from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $280.00 to $365.00 in a research report on Friday, September 24th. Oppenheimer raised their price target on salesforce.com from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Friday, September 24th. Raymond James raised their price objective on salesforce.com from $280.00 to $340.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 26th. Atlantic Securities initiated coverage on salesforce.com in a research note on Monday. They set an “overweight” rating and a $360.00 price objective on the stock. Finally, KGI Securities raised salesforce.com from a “neutral” rating to an “outperform” rating and set a $330.00 price objective on the stock in a research note on Thursday, August 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $320.59.

Shares of NYSE:CRM opened at $289.17 on Thursday. salesforce.com, inc. has a 12-month low of $201.51 and a 12-month high of $311.75. The stock has a market cap of $283.10 billion, a PE ratio of 116.13, a P/E/G ratio of 8.37 and a beta of 1.07. The business has a 50 day moving average of $288.13 and a 200-day moving average of $259.25. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.19.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 24th. The CRM provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.56. salesforce.com had a return on equity of 7.15% and a net margin of 9.99%. The company had revenue of $6.34 billion during the quarter, compared to analysts’ expectations of $6.25 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. Equities research analysts expect that salesforce.com, inc. will post 2.15 earnings per share for the current year.

In other salesforce.com news, CEO Marc Benioff sold 68,008 shares of the business’s stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $301.74, for a total transaction of $20,520,733.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Srinivas Tallapragada sold 24,975 shares of the business’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $265.61, for a total transaction of $6,633,609.75. Following the transaction, the insider now owns 38,946 shares of the company’s stock, valued at $10,344,447.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 737,826 shares of company stock valued at $205,921,946. 4.10% of the stock is owned by company insiders.

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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