salesforce.com, inc. (NYSE:CRM) Shares Purchased by Clarus Wealth Advisors

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Clarus Wealth Advisors increased its position in shares of salesforce.com, inc. (NYSE:CRM) by 189.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,997 shares of the CRM provider’s stock after purchasing an additional 1,961 shares during the period. Clarus Wealth Advisors’ holdings in salesforce.com were worth $445,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC acquired a new stake in salesforce.com during the second quarter worth about $26,000. Personal Wealth Partners acquired a new stake in shares of salesforce.com during the second quarter valued at about $28,000. Enterprise Trust & Investment Co increased its position in shares of salesforce.com by 234.4% during the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of salesforce.com during the second quarter valued at about $46,000. Finally, Citizens Financial Group Inc RI increased its position in shares of salesforce.com by 81.9% during the second quarter. Citizens Financial Group Inc RI now owns 311 shares of the CRM provider’s stock valued at $47,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 73.65% of the company’s stock.

In related news, CEO Marc Benioff sold 5,000 shares of salesforce.com stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $147.19, for a total value of $735,950.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amy E. Weaver sold 5,627 shares of salesforce.com stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $158.85, for a total transaction of $893,848.95. Following the completion of the transaction, the insider now owns 32,675 shares of the company’s stock, valued at approximately $5,190,423.75. The disclosure for this sale can be found here. Insiders sold 282,339 shares of company stock valued at $42,770,272 in the last quarter. 5.50% of the stock is owned by insiders.

Shares of CRM stock traded up $3.43 during trading on Friday, reaching $149.84. The company’s stock had a trading volume of 466,543 shares, compared to its average volume of 4,172,682. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $127.96 billion, a price-to-earnings ratio of 103.21, a P/E/G ratio of 5.64 and a beta of 1.23. The stock’s 50-day moving average price is $151.24 and its 200 day moving average price is $154.19. salesforce.com, inc. has a 1-year low of $113.60 and a 1-year high of $167.56.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.57. The firm had revenue of $4 billion during the quarter, compared to analysts’ expectations of $3.96 billion. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, sell-side analysts anticipate that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

CRM has been the subject of a number of recent analyst reports. Evercore ISI set a $190.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, August 7th. Morgan Stanley lifted their price target on shares of salesforce.com from $178.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. KeyCorp set a $180.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Thursday, August 22nd. Stephens set a $184.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Friday, August 23rd. Finally, SunTrust Banks set a $189.00 price target on shares of salesforce.com and gave the company a “buy” rating in a research report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $184.31.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. 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.

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

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