Salesforce, Inc. (NYSE:CRM) Shares Sold by Atlas Brown Inc.

Atlas Brown Inc. lessened its position in shares of Salesforce, Inc. (NYSE:CRM) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,097 shares of the CRM provider’s stock after selling 78 shares during the quarter. Salesforce makes up 0.8% of Atlas Brown Inc.’s holdings, making the stock its 29th biggest position. Atlas Brown Inc.’s holdings in Salesforce were worth $2,373,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CRM. Aviance Capital Partners LLC lifted its position in shares of Salesforce by 0.5% in the third quarter. Aviance Capital Partners LLC now owns 6,797 shares of the CRM provider’s stock worth $1,860,000 after buying an additional 33 shares during the last quarter. EWA LLC boosted its position in Salesforce by 1.7% during the third quarter. EWA LLC now owns 2,001 shares of the CRM provider’s stock worth $548,000 after purchasing an additional 33 shares during the period. Umpqua Bank grew its holdings in Salesforce by 0.4% during the third quarter. Umpqua Bank now owns 7,708 shares of the CRM provider’s stock valued at $2,110,000 after purchasing an additional 34 shares during the last quarter. Principal Street Partners LLC raised its position in shares of Salesforce by 1.0% in the third quarter. Principal Street Partners LLC now owns 3,297 shares of the CRM provider’s stock valued at $891,000 after purchasing an additional 34 shares during the period. Finally, Nvwm LLC boosted its holdings in shares of Salesforce by 1.4% during the 3rd quarter. Nvwm LLC now owns 2,565 shares of the CRM provider’s stock worth $667,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Northland Securities reaffirmed an “outperform” rating and issued a $440.00 target price (up previously from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. Cfra set a $343.00 price target on Salesforce in a report on Thursday, October 17th. Barclays raised their price objective on shares of Salesforce from $415.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Finally, TD Cowen upped their target price on shares of Salesforce from $290.00 to $340.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $376.05.

Insider Activity at Salesforce

In other Salesforce news, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $289.87, for a total value of $1,217,454.00. Following the transaction, the insider now directly owns 118,514 shares in the company, valued at $34,353,653.18. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Brian Millham sold 6,161 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $289.75, for a total transaction of $1,785,149.75. Following the sale, the chief operating officer now owns 969 shares of the company’s stock, valued at approximately $280,767.75. This represents a 86.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,181,817 shares of company stock worth $404,760,429. Insiders own 3.20% of the company’s stock.

Salesforce Stock Down 2.8 %

Shares of CRM stock traded down $9.27 during trading on Friday, reaching $317.63. The company’s stock had a trading volume of 4,893,897 shares, compared to its average volume of 4,616,037. The company has a market cap of $303.97 billion, a price-to-earnings ratio of 52.24, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The business has a fifty day moving average price of $335.36 and a 200-day moving average price of $288.53. 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 announced 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 net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same quarter in the previous year, the business earned $1.62 EPS. Salesforce’s revenue was up 8.3% on a year-over-year basis. Analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid 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 dividend yield of 0.50%. Salesforce’s dividend payout ratio is presently 26.32%.

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.