Pegasus Asset Management Inc. Sells 63 Shares of salesforce.com, inc. (NYSE:CRM)

Pegasus Asset Management Inc. lessened its holdings in salesforce.com, inc. (NYSE:CRM) by 0.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,219 shares of the CRM provider’s stock after selling 63 shares during the period. salesforce.com accounts for approximately 1.6% of Pegasus Asset Management Inc.’s portfolio, making the stock its 29th largest holding. Pegasus Asset Management Inc.’s holdings in salesforce.com were worth $2,475,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Investors Research Corp grew its position in salesforce.com by 159.1% in the third quarter. Investors Research Corp now owns 171 shares of the CRM provider’s stock worth $25,000 after acquiring an additional 105 shares in the last quarter. Sound Income Strategies LLC boosted its stake in salesforce.com by 93.8% in the fourth quarter. Sound Income Strategies LLC now owns 155 shares of the CRM provider’s stock worth $25,000 after buying an additional 75 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in shares of salesforce.com by 115.6% during the fourth quarter. OLD Second National Bank of Aurora now owns 166 shares of the CRM provider’s stock worth $27,000 after acquiring 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 3rd quarter. Acima Private Wealth LLC now owns 189 shares of the CRM provider’s stock worth $28,000 after acquiring an additional 135 shares during the last quarter. Finally, Enterprise Trust & Investment Co boosted its stake in shares of salesforce.com by 234.4% in the 3rd 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. 80.43% of the stock is owned by institutional investors.

In other salesforce.com news, CEO Marc Benioff sold 10,000 shares of salesforce.com stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $184.63, for a total transaction of $1,846,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alexandre Dayon sold 20,729 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $161.99, for a total value of $3,357,890.71. Following the completion of the sale, the insider now directly owns 72,680 shares in the company, valued at $11,773,433.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 417,205 shares of company stock worth $68,637,036. Insiders own 5.50% of the company’s stock.

NYSE CRM traded down $2.52 during trading hours on Wednesday, reaching $182.75. 4,780,621 shares of the company’s stock traded hands, compared to its average volume of 5,523,681. salesforce.com, inc. has a 52-week low of $137.87 and a 52-week high of $186.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50-day simple moving average of $167.98 and a 200 day simple moving average of $156.93. The firm has a market cap of $161.64 billion, a PE ratio of 194.41, a PEG ratio of 7.61 and a beta of 1.22.

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

Several research firms have weighed in on CRM. Northland Securities reissued a “buy” rating and issued a $185.00 price target on shares of salesforce.com in a research note on Wednesday, December 4th. Evercore ISI reaffirmed a “buy” rating and set a $190.00 price objective on shares of salesforce.com in a research note on Tuesday, November 12th. Piper Jaffray Companies started coverage on salesforce.com in a research note on Wednesday, November 13th. They set an “overweight” rating and a $190.00 price objective on the stock. Canaccord Genuity reiterated a “buy” rating and issued a $185.00 price objective on shares of salesforce.com in a report on Wednesday, December 4th. Finally, Morgan Stanley lifted their price objective on salesforce.com from $197.00 to $216.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating, thirty-eight have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $194.66.

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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