McIlrath & Eck LLC Has $33,000 Holdings in salesforce.com, inc. (NYSE:CRM)

McIlrath & Eck LLC grew its stake in shares of salesforce.com, inc. (NYSE:CRM) by 127.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 221 shares of the CRM provider’s stock after acquiring an additional 124 shares during the period. McIlrath & Eck LLC’s holdings in salesforce.com were worth $33,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Investors Research Corp grew its stake in shares of salesforce.com by 159.1% during the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock worth $25,000 after buying an additional 105 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of salesforce.com in the second quarter worth $26,000. Personal Wealth Partners bought a new stake in shares of salesforce.com in the second quarter worth $28,000. Acima Private Wealth LLC grew its stake 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 worth $28,000 after purchasing an additional 135 shares during the last quarter. Finally, Enterprise Trust & Investment Co grew its stake 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 worth $30,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 73.98% of the company’s stock.

Shares of NYSE CRM traded up $1.61 during trading on Friday, hitting $161.11. 3,152,878 shares of the company traded hands, compared to its average volume of 5,756,425. The business’s fifty day moving average is $150.88 and its 200 day moving average is $153.17. salesforce.com, inc. has a fifty-two week low of $113.60 and a fifty-two week high of $167.56. The firm has a market capitalization of $138.70 billion, a price-to-earnings ratio of 111.11, a P/E/G ratio of 6.77 and a beta of 1.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.97 and a current ratio of 0.97.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Thursday, August 22nd. The CRM provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.57. salesforce.com had a net margin of 6.45% and a return on equity of 7.26%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the business earned $0.71 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, analysts predict that salesforce.com, inc. will post 1.25 EPS for the current year.

In related news, CAO Joe Allanson sold 323 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $155.57, for a total value of $50,249.11. Following the sale, the chief accounting officer now owns 30,619 shares in the company, valued at approximately $4,763,397.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig Conway sold 200 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $141.10, for a total transaction of $28,220.00. Following the completion of the sale, the director now owns 10,002 shares in the company, valued at approximately $1,411,282.20. The disclosure for this sale can be found here. Insiders have sold 261,026 shares of company stock worth $39,295,084 in the last quarter. Company insiders own 5.50% of the company’s stock.

Several brokerages recently weighed in on CRM. Zacks Investment Research cut shares of salesforce.com from a “buy” rating to a “hold” rating and set a $166.00 price objective on the stock. in a research note on Thursday, October 31st. Jefferies Financial Group reissued a “buy” rating and issued a $171.00 price objective on shares of salesforce.com in a research note on Tuesday, October 8th. KeyCorp set a $180.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group set a $190.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Evercore ISI set a $190.00 price objective on shares of salesforce.com and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. salesforce.com currently has an average rating of “Buy” and an average price target of $184.74.

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.

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

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