VSM Wealth Advisory LLC Makes New $45,000 Investment in Salesforce, Inc. (NYSE:CRM)

VSM Wealth Advisory LLC purchased a new stake in Salesforce, Inc. (NYSE:CRM) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 135 shares of the CRM provider’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRM. Infrastructure Capital Advisors LLC purchased a new position in Salesforce in the third quarter worth $27,000. Arlington Trust Co LLC grew its stake in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new position in Salesforce during the 4th quarter worth $30,000. Asset Planning Inc acquired a new position in Salesforce during the 4th quarter valued at about $31,000. Finally, Collier Financial purchased a new stake in Salesforce in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In related news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $277.37, for a total value of $1,725,518.77. Following the completion of the sale, the chief financial officer now owns 46,750 shares of the company’s stock, valued at approximately $12,967,047.50. This trade represents a 11.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director G Mason Morfit sold 15,353 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $340.55, for a total value of $5,228,464.15. Following the transaction, the director now directly owns 2,898,509 shares in the company, valued at $987,087,239.95. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 75,609 shares of company stock worth $24,920,821 over the last three months. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Oppenheimer decreased their price target on shares of Salesforce from $415.00 to $380.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Piper Sandler reissued an “overweight” rating on shares of Salesforce in a report on Wednesday. UBS Group raised their target price on Salesforce from $275.00 to $360.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Salesforce in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.74.

Salesforce Stock Up 0.3 %

NYSE CRM opened at $279.44 on Thursday. The business has a fifty day moving average price of $315.19 and a 200 day moving average price of $309.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $268.54 billion, a P/E ratio of 45.96, a P/E/G ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00.

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.