9,000 Shares in Salesforce.com Inc (NYSE:CRM) Acquired by Ardsley Advisory Partners

Ardsley Advisory Partners acquired a new position in Salesforce.com Inc (NYSE:CRM) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,000 shares of the CRM provider’s stock, valued at approximately $779,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Salesforce.com by 5.2% in the second quarter. Vanguard Group Inc. now owns 46,149,530 shares of the CRM provider’s stock valued at $3,996,548,000 after purchasing an additional 2,268,623 shares during the period. Jennison Associates LLC lifted its stake in shares of Salesforce.com by 17.0% in the second quarter. Jennison Associates LLC now owns 18,819,812 shares of the CRM provider’s stock worth $1,629,796,000 after buying an additional 2,740,329 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Salesforce.com by 911.7% in the second quarter. Janus Henderson Group PLC now owns 12,759,741 shares of the CRM provider’s stock worth $1,104,945,000 after buying an additional 11,498,509 shares in the last quarter. Janus Capital Management LLC lifted its stake in shares of Salesforce.com by 21.6% in the first quarter. Janus Capital Management LLC now owns 10,755,181 shares of the CRM provider’s stock worth $927,363,000 after buying an additional 1,910,921 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Salesforce.com by 6.8% in the second quarter. TIAA CREF Investment Management LLC now owns 9,344,787 shares of the CRM provider’s stock worth $809,259,000 after buying an additional 592,409 shares in the last quarter. Institutional investors own 86.12% of the company’s stock.



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Salesforce.com Inc (CRM) traded up 0.41% during trading on Friday, reaching $100.46. 1,754,055 shares of the company’s stock were exchanged. The company’s market capitalization is $72.20 billion. The stock’s 50-day moving average price is $95.85 and its 200-day moving average price is $90.67. Salesforce.com Inc has a 52-week low of $66.43 and a 52-week high of $101.98.

Salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, August 22nd. The CRM provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.24. Salesforce.com had a positive return on equity of 1.83% and a negative net margin of 0.85%. The company had revenue of $2.56 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. Equities analysts expect that Salesforce.com Inc will post $1.32 earnings per share for the current year.

In other news, Vice Chairman Keith Block sold 7,641 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $95.85, for a total value of $732,389.85. Following the completion of the sale, the insider now directly owns 14,718 shares of the company’s stock, valued at $1,410,720.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Parker Harris sold 8,027 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $91.30, for a total value of $732,865.10. Following the completion of the sale, the insider now directly owns 49,913 shares of the company’s stock, valued at $4,557,056.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 537,301 shares of company stock valued at $51,190,725. 6.20% of the stock is owned by corporate insiders.

A number of equities research analysts have recently issued reports on CRM shares. Robert W. Baird reissued a “buy” rating and issued a $110.00 price target (up from $100.00) on shares of Salesforce.com in a research note on Wednesday, August 23rd. Drexel Hamilton restated a “buy” rating and issued a $111.00 price objective on shares of Salesforce.com in a report on Wednesday, August 23rd. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a report on Thursday, August 24th. UBS AG restated a “buy” rating and issued a $100.00 price objective on shares of Salesforce.com in a report on Thursday, August 24th. Finally, Vetr cut shares of Salesforce.com from a “buy” rating to a “hold” rating and set a $93.21 price objective for the company. in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and forty-five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $102.75.

Salesforce.com Company Profile

Salesforce.com, inc. is a provider of enterprise software, delivered through the cloud, with a focus on customer relationship management (CRM). The Company focuses on cloud, mobile, social, Internet of Things (IoT) and artificial intelligence technologies. The Company’s service offerings are configured and integrated with other platforms and enterprise applications.

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

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