Peloton Wealth Strategists Maintains Holdings in Salesforce.com Inc (CRM)

Peloton Wealth Strategists held its stake in Salesforce.com Inc (NYSE:CRM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,100 shares of the CRM provider’s stock at the end of the second quarter. Salesforce.com accounts for approximately 2.0% of Peloton Wealth Strategists’ portfolio, making the stock its 19th largest holding. Peloton Wealth Strategists’ holdings in Salesforce.com were worth $2,607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Capital Analysts LLC increased its stake in shares of Salesforce.com by 14.1% during the 2nd quarter. Capital Analysts LLC now owns 1,266 shares of the CRM provider’s stock worth $110,000 after purchasing an additional 156 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in Salesforce.com by 3,000.0% during the second quarter. Peddock Capital Advisors LLC now owns 1,395 shares of the CRM provider’s stock worth $121,000 after acquiring an additional 1,350 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new stake in Salesforce.com during the second quarter worth approximately $130,000. First Personal Financial Services boosted its position in Salesforce.com by 7.5% during the first quarter. First Personal Financial Services now owns 1,611 shares of the CRM provider’s stock worth $133,000 after acquiring an additional 112 shares during the last quarter. Finally, Harfst & Associates Inc. acquired a new stake in Salesforce.com during the first quarter worth approximately $141,000. 86.98% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Marc Benioff sold 10,000 shares of Salesforce.com stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $86.00, for a total value of $860,000.00. Following the sale, the chief executive officer now directly owns 34,195,300 shares in the company, valued at $2,940,795,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 8,027 shares of Salesforce.com stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $87.27, for a total transaction of $700,516.29. Following the completion of the sale, the insider now owns 49,913 shares in the company, valued at $4,355,907.51. The disclosure for this sale can be found here. Insiders have sold a total of 674,078 shares of company stock worth $60,618,853 in the last three months. 6.70% of the stock is owned by insiders.

Salesforce.com Inc (NYSE:CRM) traded down 1.141% during midday trading on Tuesday, hitting $96.595. 1,460,084 shares of the stock were exchanged. Salesforce.com Inc has a one year low of $66.43 and a one year high of $97.62. The company has a 50 day moving average price of $92.11 and a 200 day moving average price of $87.65. The firm’s market capitalization is $69.42 billion.

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

A number of analysts recently issued reports on CRM shares. Stifel Nicolaus restated a “buy” rating and set a $105.00 target price (up previously from $100.00) on shares of Salesforce.com in a research report on Friday, May 19th. Vetr upgraded shares of Salesforce.com from a “hold” rating to a “buy” rating and set a $95.22 target price on the stock in a research report on Monday, May 15th. Drexel Hamilton restated a “buy” rating and set a $100.00 target price on shares of Salesforce.com in a research report on Monday, May 15th. Benchmark Co. raised their target price on shares of Salesforce.com from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, May 15th. Finally, Mizuho restated a “buy” rating and set a $100.00 target price (up previously from $95.00) on shares of Salesforce.com in a research report on Friday, May 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and forty-seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $102.28.

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About Salesforce.com

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.

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

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