GWM Advisors LLC purchased a new position in salesforce.com, inc. (NYSE:CRM) during the fourth quarter, HoldingsChannel reports. The fund purchased 1,843 shares of the CRM provider’s stock, valued at approximately $201,000.
Several other large investors also recently modified their holdings of CRM. Bessemer Group Inc. grew its holdings in shares of salesforce.com by 196.4% during the 4th quarter. Bessemer Group Inc. now owns 1,150 shares of the CRM provider’s stock valued at $118,000 after purchasing an additional 762 shares during the last quarter. First Mercantile Trust Co. bought a new position in shares of salesforce.com during the 4th quarter valued at $123,000. Cerebellum GP LLC bought a new position in shares of salesforce.com during the 4th quarter valued at $125,000. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its holdings in shares of salesforce.com by 204.3% during the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,400 shares of the CRM provider’s stock valued at $131,000 after purchasing an additional 940 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of salesforce.com during the 3rd quarter valued at $200,000. 86.01% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Chairman Marc Benioff sold 5,000 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $113.93, for a total value of $569,650.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Alexandre Dayon sold 180,748 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $109.02, for a total transaction of $19,705,146.96. Following the completion of the sale, the insider now owns 210,823 shares in the company, valued at approximately $22,983,923.46. The disclosure for this sale can be found here. Insiders sold 474,309 shares of company stock worth $51,350,275 in the last three months. Insiders own 6.20% of the company’s stock.
salesforce.com, inc. (CRM) opened at $112.86 on Monday. salesforce.com, inc. has a 1-year low of $80.25 and a 1-year high of $114.52. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market cap of $81,518.78, a price-to-earnings ratio of 352.69, a PEG ratio of 6.25 and a beta of 1.32.
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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