Brian Millham Sells 6,162 Shares of Salesforce, Inc. (NYSE:CRM) Stock
Salesforce, Inc. (NYSE:CRM – Get Free Report) COO Brian Millham sold 6,162 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $283.41, for a total value of $1,746,372.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Brian Millham also recently made the following trade(s):
- On Wednesday, May 15th, Brian Millham sold 2,106 shares of Salesforce stock. The shares were sold at an average price of $280.00, for a total transaction of $589,680.00.
- On Wednesday, April 24th, Brian Millham sold 4,204 shares of Salesforce stock. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00.
- On Monday, April 22nd, Brian Millham sold 5,801 shares of Salesforce stock. The stock was sold at an average price of $279.10, for a total value of $1,619,059.10.
- On Monday, April 1st, Brian Millham sold 24,453 shares of Salesforce stock. The shares were sold at an average price of $302.08, for a total transaction of $7,386,762.24.
- On Monday, March 25th, Brian Millham sold 1,679 shares of Salesforce stock. The shares were sold at an average price of $305.46, for a total transaction of $512,867.34.
- On Friday, March 22nd, Brian Millham sold 14,516 shares of Salesforce stock. The stock was sold at an average price of $309.32, for a total transaction of $4,490,089.12.
Salesforce Stock Performance
Shares of NYSE:CRM traded down $5.28 on Thursday, reaching $278.54. 5,453,079 shares of the company’s stock were exchanged, compared to its average volume of 5,310,723. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71. The business’s 50-day moving average is $287.88 and its two-hundred day moving average is $273.68. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $269.63 billion, a price-to-earnings ratio of 66.93, a PEG ratio of 2.51 and a beta of 1.30.
Salesforce (NYSE:CRM – Get Free Report) last issued its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter last year, the company posted $1.01 earnings per share. Salesforce’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Salesforce, Inc. will post 7.45 EPS for the current year.
Salesforce Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.57%. Salesforce’s payout ratio is currently 9.52%.
Institutional Investors Weigh In On Salesforce
Large investors have recently added to or reduced their stakes in the stock. Marks Group Wealth Management Inc increased its holdings in shares of Salesforce by 0.7% in the 4th quarter. Marks Group Wealth Management Inc now owns 35,220 shares of the CRM provider’s stock worth $9,268,000 after acquiring an additional 257 shares during the period. Roman Butler Fullerton & Co. grew its position in Salesforce by 1.4% in the 4th quarter. Roman Butler Fullerton & Co. now owns 7,881 shares of the CRM provider’s stock worth $2,206,000 after purchasing an additional 105 shares during the last quarter. Pure Financial Advisors LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $214,000. Lone Pine Capital LLC raised its holdings in shares of Salesforce by 47.5% during the third quarter. Lone Pine Capital LLC now owns 2,499,630 shares of the CRM provider’s stock valued at $506,875,000 after buying an additional 804,634 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in shares of Salesforce by 0.8% during the third quarter. Blair William & Co. IL now owns 821,761 shares of the CRM provider’s stock worth $166,637,000 after buying an additional 6,888 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Salesforce from $260.00 to $310.00 and gave the company an “overweight” rating in a report on Thursday, February 29th. Stifel Nicolaus reissued a “buy” rating and set a $350.00 price objective on shares of Salesforce in a research note on Wednesday, April 3rd. Bank of America increased their target price on Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Robert W. Baird boosted their price target on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Oppenheimer raised their price objective on Salesforce from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $310.94.
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.
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