Level Four Advisory Services LLC Acquires 11,888 Shares of salesforce.com, inc. (NYSE:CRM)

Level Four Advisory Services LLC grew its holdings in salesforce.com, inc. (NYSE:CRM) by 79.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,943 shares of the CRM provider’s stock after purchasing an additional 11,888 shares during the quarter. Level Four Advisory Services LLC’s holdings in salesforce.com were worth $5,049,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ropes Wealth Advisors LLC boosted its position in salesforce.com by 1.7% during the second quarter. Ropes Wealth Advisors LLC now owns 3,037 shares of the CRM provider’s stock worth $569,000 after purchasing an additional 52 shares in the last quarter. Norway Savings Bank grew its holdings in shares of salesforce.com by 1.8% during the second quarter. Norway Savings Bank now owns 3,040 shares of the CRM provider’s stock worth $570,000 after buying an additional 55 shares in the last quarter. Shepherd Financial Partners LLC grew its holdings in shares of salesforce.com by 0.8% during the first quarter. Shepherd Financial Partners LLC now owns 7,907 shares of the CRM provider’s stock worth $1,136,000 after buying an additional 59 shares in the last quarter. Glassman Wealth Services raised its position in shares of salesforce.com by 15.7% in the second quarter. Glassman Wealth Services now owns 434 shares of the CRM provider’s stock valued at $81,000 after buying an additional 59 shares during the last quarter. Finally, FLC Capital Advisors lifted its stake in shares of salesforce.com by 1.2% during the second quarter. FLC Capital Advisors now owns 5,267 shares of the CRM provider’s stock valued at $1,041,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 81.40% of the company’s stock.

In related news, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $251.90, for a total value of $3,778,500.00. Following the transaction, the chief executive officer now owns 29,493,800 shares in the company, valued at $7,429,488,220. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mark J. Hawkins sold 36,581 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $185.88, for a total value of $6,799,676.28. Following the completion of the transaction, the chief financial officer now owns 14,144 shares in the company, valued at approximately $2,629,086.72. The disclosure for this sale can be found here. Insiders have sold 822,922 shares of company stock valued at $167,376,305 in the last 90 days. 4.40% of the stock is currently owned by corporate insiders.

Shares of CRM traded down $4.70 during trading hours on Friday, reaching $243.10. 5,452,620 shares of the company’s stock traded hands, compared to its average volume of 7,456,896. salesforce.com, inc. has a twelve month low of $115.29 and a twelve month high of $284.50. The firm has a market capitalization of $227.89 billion, a price-to-earnings ratio of 94.76, a P/E/G ratio of 7.30 and a beta of 1.24. The business’s fifty day simple moving average is $217.95 and its two-hundred day simple moving average is $181.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.15 and a quick ratio of 1.15.

salesforce.com (NYSE:CRM) last announced its quarterly earnings data on Tuesday, August 25th. The CRM provider reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.77. The firm had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $4.90 billion. salesforce.com had a net margin of 12.21% and a return on equity of 3.99%. The firm’s revenue was up 28.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities research analysts expect that salesforce.com, inc. will post 1.91 EPS for the current year.

Several brokerages have weighed in on CRM. Monness Crespi & Hardt boosted their price target on salesforce.com from $195.00 to $275.00 and gave the company a “buy” rating in a report on Wednesday, August 26th. Cowen increased their target price on salesforce.com from $210.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Wells Fargo & Company raised their price target on salesforce.com from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. Goldman Sachs Group set a $252.00 price objective on shares of salesforce.com and gave the company a “buy” rating in a research note on Tuesday, September 1st. Finally, Royal Bank of Canada raised their target price on shares of salesforce.com from $220.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, thirty-three have issued a buy rating and three have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $243.60.

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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