Salesforce, Inc. (NYSE:CRM) Shares Sold by Carr Financial Group Corp

Carr Financial Group Corp cut its holdings in Salesforce, Inc. (NYSE:CRM) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,347 shares of the CRM provider’s stock after selling 475 shares during the period. Carr Financial Group Corp’s holdings in Salesforce were worth $1,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Infrastructure Capital Advisors LLC purchased a new position in shares of Salesforce during the third quarter worth about $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Salesforce during the second quarter worth about $33,000. Godsey & Gibb Inc. grew its holdings in shares of Salesforce by 300.0% during the third quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 90 shares during the last quarter. Annapolis Financial Services LLC grew its holdings in shares of Salesforce by 135.6% during the third quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock worth $38,000 after buying an additional 80 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Salesforce during the third quarter worth about $53,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $298.04, for a total transaction of $1,251,768.00. Following the completion of the sale, the insider now directly owns 119,402 shares of the company’s stock, valued at approximately $35,586,572.08. This represents a 3.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy E. Weaver sold 6,221 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $343.00, for a total transaction of $2,133,803.00. Following the completion of the transaction, the chief financial officer now owns 53,861 shares in the company, valued at $18,474,323. This represents a 10.35 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,173,891 shares of company stock valued at $402,840,388. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Down 0.4 %

Shares of NYSE CRM opened at $333.47 on Friday. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The firm has a fifty day moving average of $336.56 and a 200-day moving average of $293.49. The stock has a market capitalization of $319.13 billion, a PE ratio of 54.85, a P/E/G ratio of 3.01 and a beta of 1.30. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.35 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. On average, analysts anticipate that Salesforce, Inc. will post 7.48 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 0.48%. Salesforce’s dividend payout ratio (DPR) is 26.32%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CRM shares. Cfra set a $343.00 price target on Salesforce in a report on Thursday, October 17th. Jefferies Financial Group raised their price target on Salesforce from $400.00 to $425.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Oppenheimer reissued an “outperform” rating and set a $415.00 price target (up previously from $385.00) on shares of Salesforce in a report on Wednesday, December 4th. Northland Capmk raised Salesforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Canaccord Genuity Group raised their price objective on shares of Salesforce from $315.00 to $415.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and a consensus target price of $377.63.

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.