Bay Rivers Group Takes Position in salesforce.com, inc. (NYSE:CRM)

Bay Rivers Group purchased a new stake in salesforce.com, inc. (NYSE:CRM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,205 shares of the CRM provider’s stock, valued at approximately $847,000.

Other institutional investors have also recently modified their holdings of the company. Investors Research Corp lifted its holdings in shares of salesforce.com by 159.1% in the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 105 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of salesforce.com by 93.8% in the fourth quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 75 shares in the last quarter. OLD Second National Bank of Aurora lifted its holdings in shares of salesforce.com by 115.6% in the fourth quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock valued at $27,000 after purchasing an additional 89 shares in the last quarter. Acima Private Wealth LLC lifted its holdings in shares of salesforce.com by 250.0% in the third quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 135 shares in the last quarter. Finally, Enterprise Trust & Investment Co lifted its holdings in shares of salesforce.com by 234.4% in the third quarter. Enterprise Trust & Investment Co now owns 204 shares of the CRM provider’s stock valued at $30,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

In other salesforce.com news, insider Parker Harris sold 620 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $157.50, for a total transaction of $97,650.00. Following the transaction, the insider now owns 32,019 shares of the company’s stock, valued at $5,042,992.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marc Benioff sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $152.80, for a total value of $764,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 429,015 shares of company stock worth $70,986,405. Company insiders own 5.50% of the company’s stock.

A number of analysts have recently commented on the company. BMO Capital Markets restated a “top pick” rating on shares of salesforce.com in a report on Monday, January 20th. Zacks Investment Research upgraded salesforce.com from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a report on Wednesday. Robert W. Baird restated a “buy” rating and issued a $185.00 price target on shares of salesforce.com in a report on Thursday, November 21st. UBS Group restated a “buy” rating and issued a $190.00 price target on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Piper Jaffray Companies initiated coverage on salesforce.com in a research report on Wednesday, November 13th. They issued an “overweight” rating and a $190.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. salesforce.com currently has an average rating of “Buy” and a consensus price target of $194.66.

Shares of NYSE CRM opened at $182.11 on Friday. The business’s 50 day moving average price is $169.42 and its two-hundred day moving average price is $157.35. The company has a market cap of $163.19 billion, a PE ratio of 136.28, a price-to-earnings-growth ratio of 7.68 and a beta of 1.22. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.16. salesforce.com, inc. has a twelve month low of $137.87 and a twelve month high of $186.44.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.45 billion. salesforce.com had a return on equity of 5.37% and a net margin of 4.64%. The business’s revenue was up 33.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. As a group, research analysts anticipate that salesforce.com, inc. will post 1.28 EPS for the current fiscal year.

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.

Further Reading: Dividend

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

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