Hills Bank & Trust Co. increased its position in salesforce.com, inc. (NYSE:CRM) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,007 shares of the CRM provider’s stock after buying an additional 210 shares during the period. Hills Bank & Trust Co.’s holdings in salesforce.com were worth $1,426,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CRM. Patriot Financial Group Insurance Agency LLC bought a new stake in salesforce.com during the fourth quarter worth approximately $28,000. CX Institutional increased its stake in salesforce.com by 426.5% during the first quarter. CX Institutional now owns 179 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 145 shares during the last quarter. Intercontinental Wealth Advisors LLC bought a new stake in salesforce.com during the fourth quarter worth approximately $36,000. Semmax Financial Advisors Inc. bought a new stake in salesforce.com during the fourth quarter worth approximately $36,000. Finally, Aspire Private Capital LLC bought a new stake in salesforce.com during the fourth quarter worth approximately $36,000. Institutional investors own 83.02% of the company’s stock.
CRM opened at $155.99 on Friday. The company has a market cap of $119.73 billion, a PE ratio of 107.58, a price-to-earnings-growth ratio of 5.34 and a beta of 1.39. salesforce.com, inc. has a one year low of $113.60 and a one year high of $166.99. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.20.
Several equities research analysts have weighed in on the company. Zacks Investment Research cut salesforce.com from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. reissued a “buy” rating and set a $180.00 price objective on shares of salesforce.com in a research note on Wednesday. Robert W. Baird boosted their price objective on salesforce.com from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Mizuho assumed coverage on salesforce.com in a research note on Wednesday, March 13th. They set a “buy” rating and a $185.00 price objective on the stock. Finally, Exane BNP Paribas assumed coverage on salesforce.com in a research note on Friday, March 29th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $177.82.
In related news, insider Srinivas Tallapragada sold 362 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The stock was sold at an average price of $149.15, for a total value of $53,992.30. Following the completion of the sale, the insider now owns 1,517 shares in the company, valued at $226,260.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Amy E. Weaver sold 456 shares of the business’s stock in a transaction that occurred on Wednesday, January 23rd. The shares were sold at an average price of $149.15, for a total value of $68,012.40. Following the completion of the sale, the general counsel now owns 24,258 shares of the company’s stock, valued at approximately $3,618,080.70. The disclosure for this sale can be found here. Insiders sold 445,691 shares of company stock valued at $70,458,306 in the last quarter. 6.00% of the stock is owned by company insiders.
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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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