Moors & Cabot Inc. lifted its stake in salesforce.com, inc. (NYSE:CRM) by 33.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,154 shares of the CRM provider’s stock after purchasing an additional 6,303 shares during the period. Moors & Cabot Inc.’s holdings in salesforce.com were worth $3,817,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CRM. NuWave Investment Management LLC grew its holdings in shares of salesforce.com by 456.3% in the 2nd quarter. NuWave Investment Management LLC now owns 1,669 shares of the CRM provider’s stock valued at $253,000 after acquiring an additional 1,369 shares in the last quarter. Bank of The West grew its holdings in salesforce.com by 3.4% during the second quarter. Bank of The West now owns 63,533 shares of the CRM provider’s stock worth $9,639,000 after purchasing an additional 2,100 shares during the period. Allred Capital Management LLC grew its holdings in salesforce.com by 1.6% during the second quarter. Allred Capital Management LLC now owns 4,494 shares of the CRM provider’s stock worth $692,000 after purchasing an additional 71 shares during the period. Archford Capital Strategies LLC grew its holdings in salesforce.com by 58.3% during the second quarter. Archford Capital Strategies LLC now owns 2,961 shares of the CRM provider’s stock worth $449,000 after purchasing an additional 1,090 shares during the period. Finally, Oakbrook Investments LLC grew its holdings in salesforce.com by 32.1% during the second quarter. Oakbrook Investments LLC now owns 48,786 shares of the CRM provider’s stock worth $7,402,000 after purchasing an additional 11,850 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.

In other news, insider Mark J. Hawkins sold 846 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $166.01, for a total transaction of $140,444.46. Following the completion of the transaction, the insider now directly owns 20,316 shares of the company’s stock, valued at approximately $3,372,659.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mark J. Hawkins sold 15,271 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $157.31, for a total transaction of $2,402,281.01. Following the transaction, the insider now directly owns 24,375 shares of the company’s stock, valued at $3,834,431.25. The disclosure for this sale can be found here. Insiders have sold a total of 352,055 shares of company stock valued at $54,880,833 over the last three months. Insiders own 5.50% of the company’s stock.

CRM has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 150 ($1.96) price target on shares of in a report on Monday, June 17th. SunTrust Banks restated a “hold” rating and set a $60.00 price objective on shares of Tripadvisor in a report on Tuesday, June 11th. Bank of America set a $4.00 price objective on GameStop and gave the stock a “sell” rating in a report on Wednesday, June 5th. Jefferies Financial Group set a $189.00 price objective on salesforce.com and gave the stock a “buy” rating in a report on Monday, July 15th. Finally, UBS Group set a $210.00 price objective on Alibaba Group and gave the stock a “buy” rating in a report on Tuesday, June 11th. Three analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $180.11.

Shares of CRM traded up $1.87 on Tuesday, reaching $158.08. The company’s stock had a trading volume of 1,215,833 shares, compared to its average volume of 4,628,237. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm has a market cap of $121.22 billion, a PE ratio of 109.02, a PEG ratio of 5.88 and a beta of 1.29. salesforce.com, inc. has a twelve month low of $113.60 and a twelve month high of $167.56. The company has a fifty day moving average of $154.79.

salesforce.com (NYSE:CRM) last posted its quarterly earnings data on Tuesday, June 4th. The CRM provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.32. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.68 billion. salesforce.com had a net margin of 8.26% and a return on equity of 8.18%. The company’s revenue for the quarter was up 24.3% on a year-over-year basis. During the same quarter last year, the business posted $0.74 EPS. Equities research analysts forecast that salesforce.com, inc. will post 1.25 EPS for the current fiscal year.

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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