salesforce.com, inc. (NYSE:CRM) Shares Bought by Marietta Wealth Management LLC


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Marietta Wealth Management LLC increased its stake in salesforce.com, inc. (NYSE:CRM) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,973 shares of the CRM provider’s stock after purchasing an additional 1,587 shares during the period. Marietta Wealth Management LLC’s holdings in salesforce.com were worth $4,000,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Occidental Asset Management LLC raised its position in salesforce.com by 2.2% during the 4th quarter. Occidental Asset Management LLC now owns 2,054 shares of the CRM provider’s stock worth $457,000 after buying an additional 45 shares during the last quarter. Convergence Investment Partners LLC raised its position in salesforce.com by 2.5% during the 4th quarter. Convergence Investment Partners LLC now owns 1,843 shares of the CRM provider’s stock worth $410,000 after buying an additional 45 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in salesforce.com by 3.5% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,367 shares of the CRM provider’s stock worth $304,000 after buying an additional 46 shares during the last quarter. Hengehold Capital Management LLC raised its position in salesforce.com by 2.1% during the 4th quarter. Hengehold Capital Management LLC now owns 2,235 shares of the CRM provider’s stock worth $497,000 after buying an additional 46 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its position in salesforce.com by 4.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,157 shares of the CRM provider’s stock worth $291,000 after buying an additional 49 shares during the last quarter. Institutional investors own 80.20% of the company’s stock.

Shares of CRM stock traded down $6.64 on Tuesday, hitting $234.31. 154,962 shares of the stock traded hands, compared to its average volume of 6,987,337. The firm’s 50-day moving average price is $229.01 and its two-hundred day moving average price is $237.12. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market capitalization of $214.39 billion, a PE ratio of 62.91, a PEG ratio of 5.42 and a beta of 1.17. salesforce.com, inc. has a twelve month low of $115.29 and a twelve month high of $284.50.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Monday, November 30th. The CRM provider reported $1.74 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.99. The firm had revenue of $5.42 million for the quarter, compared to analysts’ expectations of $5.25 billion. salesforce.com had a net margin of 17.53% and a return on equity of 6.63%. The company’s revenue was down 99.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 EPS. On average, equities research analysts anticipate that salesforce.com, inc. will post 2.81 EPS for the current fiscal year.

Several equities analysts have recently weighed in on CRM shares. JMP Securities lifted their target price on shares of salesforce.com from $272.00 to $282.00 and gave the company an “outperform” rating in a report on Wednesday, December 2nd. Loop Capital raised shares of salesforce.com from a “sell” rating to a “hold” rating and set a $225.00 target price for the company in a report on Monday, January 25th. Piper Sandler lowered shares of salesforce.com from an “overweight” rating to a “neutral” rating and cut their target price for the company from $278.00 to $242.00 in a report on Monday, January 11th. Barclays set a $276.00 target price on shares of salesforce.com and gave the company a “buy” rating in a report on Wednesday, December 9th. Finally, BMO Capital Markets lifted their target price on shares of salesforce.com from $260.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday, November 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $264.83.

In related news, insider Amy E. Weaver sold 9,010 shares of the business’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $245.00, for a total value of $2,207,450.00. Following the sale, the insider now directly owns 27,476 shares in the company, valued at approximately $6,731,620. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Joe Allanson sold 313 shares of the business’s stock in a transaction dated Wednesday, December 23rd. The shares were sold at an average price of $229.36, for a total transaction of $71,789.68. Following the completion of the sale, the chief accounting officer now owns 31,439 shares in the company, valued at $7,210,849.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,144 shares of company stock worth $16,619,830. 4.40% of the stock is owned by insiders.

About salesforce.com

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