First American Trust FSB Has $356,000 Stock Holdings in Salesforce, Inc. (NYSE:CRM)

First American Trust FSB trimmed its position in shares of Salesforce, Inc. (NYSE:CRM) by 3.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,065 shares of the CRM provider’s stock after selling 42 shares during the quarter. First American Trust FSB’s holdings in Salesforce were worth $356,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Foundations Investment Advisors LLC lifted its holdings in shares of Salesforce by 15.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider’s stock valued at $12,194,000 after buying an additional 4,752 shares during the last quarter. Nabity Jensen Investment Management Inc bought a new stake in Salesforce in the third quarter worth approximately $1,215,000. Athena Investment Management acquired a new position in shares of Salesforce during the 4th quarter worth $236,000. Highland Capital Management LLC bought a new position in shares of Salesforce during the 4th quarter valued at $4,321,000. Finally, Geode Capital Management LLC lifted its stake in shares of Salesforce by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider’s stock valued at $5,395,132,000 after purchasing an additional 257,501 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JMP Securities reissued a “market outperform” rating and set a $450.00 target price on shares of Salesforce in a research report on Wednesday, December 18th. Canaccord Genuity Group cut their price objective on Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Loop Capital decreased their target price on Salesforce from $330.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus dropped their price target on shares of Salesforce from $425.00 to $375.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $425.00 price objective on shares of Salesforce in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $362.74.

Insider Transactions at Salesforce

In other news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the sale, the chief financial officer now directly owns 45,861 shares of the company’s stock, valued at $15,128,626.68. This represents a 11.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider R David Schmaier sold 1,785 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $344.00, for a total transaction of $614,040.00. Following the completion of the transaction, the insider now owns 19,116 shares of the company’s stock, valued at $6,575,904. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,660 shares of company stock worth $14,194,689. Insiders own 3.20% of the company’s stock.

Salesforce Trading Up 0.9 %

CRM stock opened at $288.59 on Wednesday. The business has a fifty day moving average price of $312.15 and a 200 day moving average price of $310.95. 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, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The stock has a market capitalization of $277.33 billion, a price-to-earnings ratio of 47.47, a P/E/G ratio of 2.58 and a beta of 1.35.

About Salesforce

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.