Whale Rock Capital Management buys $59,768,670 stake in salesforce.com (CRM)

salesforce.com (CRM) : Whale Rock Capital Management scooped up 195,797 additional shares in salesforce.com during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 732,190 shares of salesforce.com which is valued at $59,768,670.salesforce.com makes up approximately 4.67% of Whale Rock Capital Management’s portfolio.

Other Hedge Funds, Including , Symmetry Peak Management reduced its stake in CRM by selling 9,000 shares or 17.48% in the most recent quarter. The Hedge Fund company now holds 42,500 shares of CRM which is valued at $3,469,275. salesforce.com makes up approx 3.17% of Symmetry Peak Management’s portfolio.Westport Resources Management Inc boosted its stake in CRM in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 900 shares of salesforce.com which is valued at $73,467. salesforce.com makes up approx 0.02% of Westport Resources Management Inc’s portfolio.Blue Rock Advisors boosted its stake in CRM in the latest quarter, The investment management firm added 5,857 additional shares and now holds a total of 8,965 shares of salesforce.com which is valued at $727,689. salesforce.com makes up approx 6.70% of Blue Rock Advisors’s portfolio.Ariel Capital Advisors boosted its stake in CRM in the latest quarter, The investment management firm added 735 additional shares and now holds a total of 17,638 shares of salesforce.com which is valued at $1,437,497. salesforce.com makes up approx 0.87% of Ariel Capital Advisors’s portfolio. Country Club Trust Company N.a. sold out all of its stake in CRM during the most recent quarter. The investment firm sold 12,200 shares of CRM which is valued $1,007,110.

salesforce.com closed down -3.51 points or -4.42% at $75.91 with 2,74,18,454 shares getting traded on Thursday. Post opening the session at $75.45, the shares hit an intraday low of $74.06 and an intraday high of $76.55 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, salesforce.com reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 31, 2016. Analyst had a consensus of $0.22. The company had revenue of $2037.00 million for the quarter, compared to analysts expectations of $2019.61 million. The company’s revenue was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS.

Many Wall Street Analysts have commented on salesforce.com. Shares were Reiterated by Mizuho on Sep 1, 2016 to “Buy” and Lowered the Price Target to $ 85 from a previous price target of $100 .Shares were Reiterated by BMO Capital Markets on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 86 from a previous price target of $98 .Shares were Reiterated by RBC Capital Mkts on Sep 1, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $91 .

salesforce.com inc. is a provider of enterprise cloud computing solutions that include apps and platform services as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation customer service and support marketing automation community management analytics and a cloud platform for building custom applications. The Company offers consulting deployment training implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices on a subscription basis primarily through its direct sales efforts and indirectly through partners.

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