ARK Investment Management LLC decreased its position in salesforce.com, inc. (NYSE:CRM) by 31.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,509 shares of the CRM provider’s stock after selling 116,375 shares during the quarter. ARK Investment Management LLC’s holdings in salesforce.com were worth $39,997,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Botty Investors LLC bought a new stake in salesforce.com during the 3rd quarter valued at approximately $123,000. Psagot Investment House Ltd. bought a new stake in shares of salesforce.com in the 3rd quarter worth approximately $134,000. Resources Investment Advisors Inc. lifted its position in shares of salesforce.com by 328.2% in the 2nd quarter. Resources Investment Advisors Inc. now owns 1,259 shares of the CRM provider’s stock worth $172,000 after acquiring an additional 965 shares during the period. CWM LLC lifted its position in shares of salesforce.com by 95.8% during the 2nd quarter. CWM LLC now owns 1,318 shares of the CRM provider’s stock worth $180,000 after buying an additional 645 shares during the period. Finally, United Capital Management of KS Inc. bought a new position in shares of salesforce.com during the 3rd quarter worth approximately $193,000. 82.78% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CRM traded down $4.91 during midday trading on Tuesday, reaching $139.24. The company had a trading volume of 6,970,568 shares, compared to its average volume of 5,720,045. The company has a market cap of $109.21 billion, a P/E ratio of 309.42, a P/E/G ratio of 4.34 and a beta of 1.42. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.86 and a current ratio of 0.86. salesforce.com, inc. has a 1-year low of $98.68 and a 1-year high of $161.19.

salesforce.com (NYSE:CRM) last announced its quarterly earnings results on Tuesday, November 27th. The CRM provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.11. The firm had revenue of $3.39 billion for the quarter, compared to the consensus estimate of $3.37 billion. salesforce.com had a return on equity of 8.06% and a net margin of 6.51%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. As a group, equities analysts predict that salesforce.com, inc. will post 1.32 earnings per share for the current fiscal year.

In related news, insider Amy E. Weaver sold 5,325 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $160.11, for a total value of $852,585.75. Following the completion of the sale, the insider now directly owns 26,798 shares in the company, valued at $4,290,627.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Marc Benioff sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $151.57, for a total value of $2,273,550.00. The disclosure for this sale can be found here. Insiders sold 500,162 shares of company stock worth $73,508,567 in the last ninety days. 6.00% of the stock is owned by company insiders.

Several equities analysts recently commented on the company. Cowen raised their target price on salesforce.com from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Thursday, September 27th. Credit Suisse Group set a $175.00 target price on salesforce.com and gave the stock a “buy” rating in a research report on Thursday, September 27th. Deutsche Bank raised their target price on salesforce.com from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, September 28th. Piper Jaffray Companies raised their price target on salesforce.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, September 28th. Finally, Robert W. Baird raised their price target on salesforce.com from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, September 28th. Four analysts have rated the stock with a hold rating, thirty-five have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $168.08.

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salesforce.com Profile

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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