Salesforce, Inc. (NYSE:CRM – Get Free Report) insider Miguel Milano sold 458 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $307.97, for a total transaction of $141,050.26. Following the transaction, the insider now directly owns 5,864 shares in the company, valued at approximately $1,805,936.08. The trade was a 7.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Salesforce Stock Up 0.4 %
Shares of NYSE:CRM opened at $307.19 on Thursday. The company’s fifty day moving average is $330.86 and its 200-day moving average is $306.97. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a market capitalization of $293.98 billion, a PE ratio of 50.53, a P/E/G ratio of 2.58 and a beta of 1.31.
Salesforce (NYSE:CRM – Get Free Report) last posted its earnings results 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 return on equity of 12.34% and a net margin of 15.96%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the previous year, the company posted $1.62 EPS. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts predict that Salesforce, Inc. will post 7.46 earnings per share for the current fiscal year.
Salesforce Dividend Announcement
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. UBS Group raised their price objective on shares of Salesforce from $275.00 to $360.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $415.00 price objective (up previously from $385.00) on shares of Salesforce in a research report on Wednesday, December 4th. Barclays lifted their price target on shares of Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Stifel Nicolaus lifted their price target on shares of Salesforce from $390.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Truist Financial reissued a “buy” rating and issued a $400.00 price target (up previously from $380.00) on shares of Salesforce in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $374.47.
Institutional Investors Weigh In On Salesforce
Large investors have recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new position in Salesforce during the 4th quarter worth about $25,000. Infrastructure Capital Advisors LLC acquired a new position in Salesforce during the 3rd quarter worth about $27,000. Accredited Wealth Management LLC acquired a new position in Salesforce during the 4th quarter worth about $27,000. Arlington Trust Co LLC lifted its position 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 in the last quarter. Finally, Compass Financial Services Inc acquired a new position in Salesforce during the 4th quarter worth about $30,000. Institutional investors own 80.43% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Salesforce
- Industrial Products Stocks Investing
- Buffett’s on the Sidelines – Should You Follow?
- How to Effectively Use the MarketBeat Ratings Screener
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
- Energy and Oil Stocks Explained
- 3 Stocks With Triple-Digit PEs That Are Still Worth a Look
Receive News & Ratings for Salesforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce and related companies with MarketBeat.com's FREE daily email newsletter.