Atlas Brown Inc. Purchases 102 Shares of salesforce.com, inc. (NYSE:CRM)

Atlas Brown Inc. grew its stake in salesforce.com, inc. (NYSE:CRM) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,220 shares of the CRM provider’s stock after purchasing an additional 102 shares during the quarter. Atlas Brown Inc.’s holdings in salesforce.com were worth $1,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CRM. Hoylecohen LLC grew its stake in shares of salesforce.com by 3.5% in the first quarter. Hoylecohen LLC now owns 14,528 shares of the CRM provider’s stock valued at $3,078,000 after acquiring an additional 489 shares in the last quarter. Childress Capital Advisors LLC grew its stake in shares of salesforce.com by 141.9% in the first quarter. Childress Capital Advisors LLC now owns 1,640 shares of the CRM provider’s stock valued at $347,000 after acquiring an additional 962 shares in the last quarter. Fragasso Group Inc. grew its stake in shares of salesforce.com by 9.9% in the first quarter. Fragasso Group Inc. now owns 16,491 shares of the CRM provider’s stock valued at $3,494,000 after acquiring an additional 1,488 shares in the last quarter. Adams Chetwood Wealth Management LLC grew its stake in shares of salesforce.com by 2.4% in the first quarter. Adams Chetwood Wealth Management LLC now owns 3,756 shares of the CRM provider’s stock valued at $796,000 after acquiring an additional 88 shares in the last quarter. Finally, Kaizen Financial Strategies grew its stake in shares of salesforce.com by 7.4% in the first quarter. Kaizen Financial Strategies now owns 11,833 shares of the CRM provider’s stock valued at $2,507,000 after acquiring an additional 820 shares in the last quarter. 73.41% of the stock is currently owned by institutional investors.

In other news, insider Srinivas Tallapragada sold 24,975 shares of salesforce.com stock in a transaction on Monday, August 30th. The stock was sold at an average price of $265.61, for a total transaction of $6,633,609.75. Following the sale, the insider now directly owns 38,946 shares in the company, valued at approximately $10,344,447.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Amy E. Weaver sold 7,262 shares of salesforce.com stock in a transaction on Monday, November 15th. The stock was sold at an average price of $306.90, for a total value of $2,228,707.80. The disclosure for this sale can be found here. Insiders have sold a total of 737,826 shares of company stock worth $205,921,946 over the last ninety days. Insiders own 4.10% of the company’s stock.

CRM has been the topic of several research reports. Jefferies Financial Group upped their price target on shares of salesforce.com from $325.00 to $360.00 and gave the company a “buy” rating in a research note on Tuesday. Mizuho upped their price target on shares of salesforce.com from $320.00 to $360.00 and gave the company a “buy” rating in a research note on Monday, November 15th. They noted that the move was a valuation call. Wedbush increased their price objective on shares of salesforce.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 26th. Nord/LB set a $275.00 price objective on shares of salesforce.com in a research note on Tuesday, September 14th. Finally, JMP Securities increased their price objective on shares of salesforce.com from $320.00 to $325.00 and gave the stock a “buy” rating in a research note on Friday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, salesforce.com presently has a consensus rating of “Buy” and an average price target of $320.59.

NYSE CRM traded down $2.25 during mid-day trading on Thursday, hitting $289.17. The company’s stock had a trading volume of 5,090,392 shares, compared to its average volume of 6,067,207. The company’s 50 day simple moving average is $288.13 and its 200 day simple moving average is $259.25. salesforce.com, inc. has a twelve month low of $201.51 and a twelve month high of $311.75. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $283.10 billion, a price-to-earnings ratio of 116.13, a PEG ratio of 8.37 and a beta of 1.07.

salesforce.com (NYSE:CRM) last posted its quarterly earnings results on Tuesday, August 24th. The CRM provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.56. salesforce.com had a net margin of 9.99% and a return on equity of 7.15%. The business had revenue of $6.34 billion during the quarter, compared to the consensus estimate of $6.25 billion. During the same quarter last year, the firm posted $1.44 EPS. salesforce.com’s revenue was up 23.1% compared to the same quarter last year. As a group, research analysts forecast that salesforce.com, inc. will post 2.15 EPS for the current year.

salesforce.com Profile

salesforce.com, inc. engages in the design and development of cloud-based enterprise software for customer relationship management. Its solutions include sales force automation, customer service and support, marketing automation, digital commerce, community management, collaboration, industry-specific solutions, and salesforce platform.

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

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