Brian Millham Sells 2,037 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRMGet Free Report) COO Brian Millham sold 2,037 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $248.75, for a total value of $506,703.75. Following the transaction, the chief operating officer now directly owns 1,947 shares of the company’s stock, valued at approximately $484,316.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Brian Millham also recently made the following trade(s):

  • On Friday, June 28th, Brian Millham sold 2,018 shares of Salesforce stock. The stock was sold at an average price of $260.00, for a total value of $524,680.00.
  • On Monday, June 24th, Brian Millham sold 1,678 shares of Salesforce stock. The stock was sold at an average price of $242.32, for a total value of $406,612.96.
  • On Wednesday, May 22nd, Brian Millham sold 6,162 shares of Salesforce stock. The stock was sold at an average price of $283.41, for a total value of $1,746,372.42.
  • On Wednesday, May 15th, Brian Millham sold 2,106 shares of Salesforce stock. The stock was sold at an average price of $280.00, for a total value of $589,680.00.
  • On Wednesday, April 24th, Brian Millham sold 4,204 shares of Salesforce stock. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00.

Salesforce Trading Up 0.8 %

Shares of NYSE:CRM traded up $1.98 during trading hours on Tuesday, hitting $256.06. 3,892,196 shares of the company’s stock traded hands, compared to its average volume of 6,830,894. Salesforce, Inc. has a 1 year low of $193.68 and a 1 year high of $318.71. The business has a fifty day moving average price of $252.97 and a 200-day moving average price of $275.68. The firm has a market capitalization of $248.12 billion, a P/E ratio of 46.05, a price-to-earnings-growth ratio of 2.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11.

Salesforce (NYSE:CRMGet Free Report) last announced its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The business had revenue of $9.13 billion during the quarter, compared to analyst estimates of $9.15 billion. During the same quarter in the previous year, the business earned $1.15 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities analysts expect that Salesforce, Inc. will post 7.47 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.62%. Salesforce’s dividend payout ratio (DPR) is presently 28.78%.

Analyst Ratings Changes

Several research firms recently weighed in on CRM. Mizuho cut their price target on Salesforce from $345.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, May 30th. Barclays cut their target price on Salesforce from $355.00 to $305.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Oppenheimer decreased their price target on Salesforce from $325.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, May 30th. Evercore ISI decreased their price target on Salesforce from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, May 30th. Finally, Morgan Stanley decreased their price target on Salesforce from $350.00 to $320.00 and set an “overweight” rating on the stock in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $292.79.

Get Our Latest Analysis on CRM

Institutional Trading of Salesforce

Several institutional investors and hedge funds have recently modified their holdings of CRM. BKM Wealth Management LLC bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $34,000. Simon Quick Advisors LLC raised its stake in shares of Salesforce by 4.3% during the fourth quarter. Simon Quick Advisors LLC now owns 3,008 shares of the CRM provider’s stock valued at $792,000 after acquiring an additional 123 shares in the last quarter. ZRC Wealth Management LLC bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $71,000. Invera Wealth Advisors LLC bought a new stake in shares of Salesforce during the fourth quarter valued at approximately $1,748,000. Finally, Armstrong Advisory Group Inc. raised its stake in Salesforce by 54.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 281 shares of the CRM provider’s stock worth $74,000 after buying an additional 99 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

About Salesforce

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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.

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Insider Buying and Selling by Quarter for Salesforce (NYSE:CRM)

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