Insider Selling: Salesforce, Inc. (NYSE:CRM) CEO Sells 612 Shares of Stock

Salesforce, Inc. (NYSE:CRMGet Rating) CEO Bret Steven Taylor sold 612 shares of Salesforce stock in a transaction on Monday, April 25th. The shares were sold at an average price of $171.68, for a total value of $105,068.16. Following the completion of the transaction, the chief executive officer now directly owns 931,187 shares of the company’s stock, valued at $159,866,184.16. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Bret Steven Taylor also recently made the following trade(s):

  • On Wednesday, March 23rd, Bret Steven Taylor sold 2,890 shares of Salesforce stock. The stock was sold at an average price of $210.93, for a total value of $609,587.70.

CRM stock traded up $3.14 on Monday, reaching $174.57. The company had a trading volume of 7,932,726 shares, compared to its average volume of 7,314,273. Salesforce, Inc. has a 1 year low of $169.23 and a 1 year high of $311.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.05 and a current ratio of 1.05. The company’s fifty day moving average is $201.95 and its 200 day moving average is $240.62. The company has a market cap of $172.82 billion, a P/E ratio of 116.38, a PEG ratio of 5.05 and a beta of 1.10.

Salesforce (NYSE:CRMGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The CRM provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.12. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.24 billion. Salesforce had a return on equity of 4.76% and a net margin of 5.45%. Salesforce’s revenue was up 25.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 EPS. On average, sell-side analysts predict that Salesforce, Inc. will post 2.1 earnings per share for the current year.

A number of research analysts have recently issued reports on CRM shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Salesforce from $360.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, January 21st. Wedbush cut their price target on shares of Salesforce from $315.00 to $275.00 and set an “outperform” rating on the stock in a report on Wednesday, March 2nd. Stifel Nicolaus lowered their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, March 2nd. Loop Capital cut their price objective on Salesforce from $275.00 to $225.00 in a report on Monday, February 7th. Finally, UBS Group upped their target price on Salesforce from $210.00 to $225.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 2nd. Seven analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of “Buy” and an average price target of $299.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp increased its holdings in Salesforce by 3.3% in the 4th quarter. State Street Corp now owns 44,253,857 shares of the CRM provider’s stock valued at $11,246,233,000 after purchasing an additional 1,417,895 shares in the last quarter. Morgan Stanley lifted its holdings in Salesforce by 20.2% during the 2nd quarter. Morgan Stanley now owns 16,563,897 shares of the CRM provider’s stock worth $4,046,065,000 after buying an additional 2,787,393 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Salesforce by 5.3% during the 3rd quarter. Wellington Management Group LLP now owns 15,889,819 shares of the CRM provider’s stock valued at $4,309,637,000 after acquiring an additional 805,630 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Salesforce by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 15,448,821 shares of the CRM provider’s stock valued at $3,914,460,000 after acquiring an additional 564,493 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of Salesforce by 4.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,565,099 shares of the CRM provider’s stock valued at $3,701,429,000 after acquiring an additional 655,371 shares in the last quarter. Hedge funds and other institutional investors own 77.16% of the company’s stock.

Salesforce Company Profile (Get Rating)

Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale.

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