salesforce.com, inc. (CRM) Shares Bought by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC boosted its position in shares of salesforce.com, inc. (NYSE:CRM) by 943.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,434 shares of the CRM provider’s stock after buying an additional 4,009 shares during the period. Gryphon Financial Partners LLC’s holdings in salesforce.com were worth $705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRM. FMR LLC increased its position in salesforce.com by 3.5% during the second quarter. FMR LLC now owns 89,621,104 shares of the CRM provider’s stock worth $12,224,319,000 after buying an additional 3,066,099 shares during the period. BlackRock Inc. increased its position in salesforce.com by 5.2% during the second quarter. BlackRock Inc. now owns 44,655,653 shares of the CRM provider’s stock worth $6,091,032,000 after buying an additional 2,212,408 shares during the period. OppenheimerFunds Inc. increased its position in salesforce.com by 13,746.1% during the second quarter. OppenheimerFunds Inc. now owns 1,034,856 shares of the CRM provider’s stock worth $141,154,000 after buying an additional 1,027,382 shares during the period. Massachusetts Financial Services Co. MA increased its position in salesforce.com by 14.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,533,328 shares of the CRM provider’s stock worth $1,027,545,000 after buying an additional 961,104 shares during the period. Finally, Mainstay Capital Management LLC ADV increased its position in salesforce.com by 7,692.8% during the second quarter. Mainstay Capital Management LLC ADV now owns 931,003 shares of the CRM provider’s stock worth $7,081,000 after buying an additional 919,056 shares during the period. 83.01% of the stock is currently owned by institutional investors.

Several research analysts have commented on CRM shares. Bank of America lifted their price target on salesforce.com from $161.00 to $181.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. Jefferies Financial Group upped their price objective on salesforce.com from $172.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, September 27th. Piper Jaffray Companies upped their price objective on salesforce.com from $180.00 to $190.00 and gave the stock an “overweight” rating in a report on Friday, September 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $178.00 price objective on shares of salesforce.com in a report on Tuesday, October 2nd. Finally, Argus upped their price objective on salesforce.com from $141.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 31st. Six equities research analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and two have issued a strong buy rating to the stock. salesforce.com presently has a consensus rating of “Buy” and a consensus target price of $166.41.

Shares of NYSE:CRM opened at $141.87 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.23. salesforce.com, inc. has a 52-week low of $98.68 and a 52-week high of $161.19. The firm has a market capitalization of $101.36 billion, a PE ratio of 315.27, a P/E/G ratio of 4.40 and a beta of 1.38.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 29th. The CRM provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.24. salesforce.com had a return on equity of 8.27% and a net margin of 6.45%. The business had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.23 billion. During the same period in the prior year, the business earned $0.33 earnings per share. The business’s revenue was up 27.3% on a year-over-year basis. On average, equities analysts anticipate that salesforce.com, inc. will post 1.22 EPS for the current fiscal year.

In related news, insider Parker Harris sold 5,711 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was sold at an average price of $130.92, for a total value of $747,684.12. Following the completion of the transaction, the insider now directly owns 27,938 shares in the company, valued at $3,657,642.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Amy E. Weaver sold 5,325 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $160.11, for a total value of $852,585.75. Following the completion of the transaction, the insider now owns 26,798 shares of the company’s stock, valued at $4,290,627.78. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 18,000 shares of company stock valued at $2,703,900 and sold 498,678 shares valued at $75,182,840. Corporate insiders own 6.00% of the company’s stock.

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salesforce.com Profile

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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