Salesforce, Inc. (NYSE:CRM) Insider Sells $2,261,955.15 in Stock

Salesforce, Inc. (NYSE:CRM) insider R David Schmaier sold 8,281 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total value of $2,261,955.15. Following the sale, the insider now owns 18,787 shares of the company’s stock, valued at $5,131,669.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

R David Schmaier also recently made the following trade(s):

• On Tuesday, April 16th, R David Schmaier sold 3,910 shares of Salesforce stock. The stock was sold at an average price of $274.77, for a total value of $1,074,350.70.

Salesforce Trading Up 1.0 %

NYSE:CRM opened at $276.63 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $268.33 billion, a PE ratio of 65.86, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The firm’s 50 day moving average is $296.91 and its 200 day moving average is $263.28. Salesforce, Inc. has a 12 month low of $190.57 and a 12 month high of $318.71.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. Salesforce’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. Sell-side analysts expect that Salesforce, Inc. will post 7.45 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were issued a $0.40 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.58%. Salesforce’s dividend payout ratio (DPR) is presently 9.52%.

Institutional Investors Weigh In On Salesforce

A number of hedge funds have recently modified their holdings of CRM. Graypoint LLC grew its stake in Salesforce by 0.3% in the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock valued at $2,764,000 after buying an additional 36 shares in the last quarter. Chase Investment Counsel Corp grew its stake in Salesforce by 0.3% in the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock valued at $2,730,000 after buying an additional 36 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in Salesforce by 11.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock valued at $93,000 after buying an additional 36 shares in the last quarter. Opes Wealth Management LLC grew its stake in Salesforce by 2.9% in the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock valued at $341,000 after buying an additional 37 shares in the last quarter. Finally, Prentice Wealth Management LLC grew its stake in Salesforce by 1.7% in the 4th quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock valued at $604,000 after buying an additional 38 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CRM. Robert W. Baird raised their target price on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. StockNews.com downgraded Salesforce from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 19th. UBS Group raised their target price on Salesforce from $285.00 to $310.00 and gave the company a “neutral” rating in a research note on Friday, February 16th. Mizuho restated a “buy” rating and issued a $345.00 target price (up from $325.00) on shares of Salesforce in a research note on Thursday, February 29th. Finally, TheStreet upgraded Salesforce from a “c+” rating to a “b-” rating in a research note on Friday, January 19th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $310.61.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.