Salesforce, Inc. (NYSE:CRM) Insider Miguel Milano Sells 719 Shares

Salesforce, Inc. (NYSE:CRM) insider Miguel Milano sold 719 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the sale, the insider now owns 4,659 shares in the company, valued at $1,597,151.79. This trade represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Salesforce Trading Down 0.8 %

Shares of NYSE:CRM opened at $339.12 on Tuesday. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $348.86. The business has a 50 day moving average of $296.26 and a 200-day moving average of $268.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $324.20 billion, a PE ratio of 58.98, a P/E/G ratio of 3.10 and a beta of 1.29.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.20. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 EPS. As a group, equities research analysts forecast that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce’s dividend payout ratio is 27.83%.

Institutional Trading of Salesforce

Institutional investors have recently bought and sold shares of the business. Gabelli Funds LLC grew its position in Salesforce by 34.0% during the first quarter. Gabelli Funds LLC now owns 2,150 shares of the CRM provider’s stock worth $648,000 after buying an additional 545 shares in the last quarter. Mount Yale Investment Advisors LLC grew its holdings in shares of Salesforce by 59.2% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 1,258 shares of the CRM provider’s stock worth $379,000 after purchasing an additional 468 shares in the last quarter. Waverly Advisors LLC increased its position in shares of Salesforce by 134.0% in the first quarter. Waverly Advisors LLC now owns 9,663 shares of the CRM provider’s stock worth $2,910,000 after purchasing an additional 5,534 shares during the period. Janus Henderson Group PLC increased its position in shares of Salesforce by 3.4% in the first quarter. Janus Henderson Group PLC now owns 648,753 shares of the CRM provider’s stock worth $195,189,000 after purchasing an additional 21,298 shares during the period. Finally, Interval Partners LP raised its stake in Salesforce by 157.1% in the first quarter. Interval Partners LP now owns 36,000 shares of the CRM provider’s stock valued at $10,842,000 after purchasing an additional 22,000 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and set a $385.00 price objective (up previously from $330.00) on shares of Salesforce in a research report on Thursday, November 21st. DA Davidson increased their target price on Salesforce from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Scotiabank assumed coverage on Salesforce in a report on Monday, November 18th. They set a “sector outperform” rating and a $425.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on Salesforce from $310.00 to $340.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $339.66.

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.