Insider Selling: Salesforce, Inc. (NYSE:CRM) Insider Sells 458 Shares of Stock

Salesforce, Inc. (NYSE:CRM) insider Miguel Milano sold 458 shares of Salesforce stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $307.97, for a total transaction of $141,050.26. Following the completion of the sale, the insider now owns 5,864 shares in the company, valued at $1,805,936.08. This trade represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Salesforce Stock Performance

Shares of Salesforce stock traded down $1.53 during trading on Monday, reaching $308.27. The company’s stock had a trading volume of 6,645,582 shares, compared to its average volume of 6,257,510. The business’s 50-day moving average price is $332.36 and its 200-day moving average price is $306.60. The firm has a market cap of $295.01 billion, a PE ratio of 50.70, a P/E/G ratio of 2.58 and a beta of 1.31. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. 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 posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the prior year, the company earned $1.62 EPS. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts forecast that Salesforce, Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, December 18th. This represents a $1.60 annualized dividend and a yield of 0.52%. Salesforce’s dividend payout ratio is 26.32%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRM shares. Loop Capital lowered their price objective on shares of Salesforce from $360.00 to $330.00 and set a “hold” rating on the stock in a report on Wednesday, February 19th. Scotiabank lifted their price objective on shares of Salesforce from $425.00 to $440.00 and gave the company a “sector outperform” rating in a report on Wednesday, December 4th. BMO Capital Markets lowered their price objective on shares of Salesforce from $425.00 to $375.00 and set an “outperform” rating on the stock in a report on Friday. UBS Group boosted their target price on shares of Salesforce from $275.00 to $360.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Northland Securities restated an “outperform” rating and set a $440.00 target price (up from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $375.53.

Institutional Investors Weigh In On Salesforce

Institutional investors and hedge funds have recently bought and sold shares of the company. Bernard Wealth Management Corp. bought a new stake in Salesforce during the fourth quarter worth about $25,000. Accredited Wealth Management LLC acquired a new position in Salesforce during the fourth quarter worth about $27,000. Arlington Trust Co LLC raised its stake in Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after acquiring an additional 40 shares in the last quarter. Compass Financial Services Inc acquired a new position in Salesforce during the fourth quarter worth about $30,000. Finally, Asset Planning Inc acquired a new position in Salesforce during the fourth quarter worth about $31,000. Institutional investors own 80.43% of the company’s stock.

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.