Salesforce, Inc. (NYSE:CRM) Insider Sells $1,762,784.29 in Stock

Salesforce, Inc. (NYSE:CRM) insider R David Schmaier sold 6,959 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total value of $1,762,784.29. Following the sale, the insider now owns 36,090 shares in the company, valued at approximately $9,141,957.90. This represents a 16.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

R David Schmaier also recently made the following trade(s):

• On Wednesday, March 26th, R David Schmaier sold 1,785 shares of Salesforce stock. The shares were sold at an average price of $288.34, for a total value of $514,686.90.

Salesforce Stock Performance

Shares of NYSE:CRM opened at $246.93 on Friday. The firm has a fifty day simple moving average of $282.78 and a two-hundred day simple moving average of $309.56. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $237.30 billion, a P/E ratio of 40.61, a PEG ratio of 2.58 and a beta of 1.38.

Salesforce Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.42 per share. This is a boost from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, April 10th. Salesforce’s payout ratio is presently 26.10%.

Institutional Investors Weigh In On Salesforce

Institutional investors have recently modified their holdings of the stock. NBT Bank N A NY raised its holdings in Salesforce by 2.8% during the 1st quarter. NBT Bank N A NY now owns 14,362 shares of the CRM provider’s stock valued at $3,854,000 after buying an additional 391 shares during the period. Consilium Wealth Advisory LLC raised its stake in shares of Salesforce by 2.5% in the first quarter. Consilium Wealth Advisory LLC now owns 3,759 shares of the CRM provider’s stock valued at $1,009,000 after acquiring an additional 90 shares during the period. AA Financial Advisors LLC lifted its holdings in shares of Salesforce by 5.3% in the 1st quarter. AA Financial Advisors LLC now owns 6,675 shares of the CRM provider’s stock worth $1,791,000 after acquiring an additional 335 shares during the last quarter. WD Rutherford LLC boosted its stake in shares of Salesforce by 0.4% during the 1st quarter. WD Rutherford LLC now owns 14,023 shares of the CRM provider’s stock worth $3,575,000 after purchasing an additional 59 shares during the period. Finally, Inscription Capital LLC bought a new position in Salesforce during the 1st quarter valued at about $685,000. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CRM. Robert W. Baird dropped their price target on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Citigroup reissued a “buy” rating on shares of Salesforce in a report on Wednesday, March 19th. Canaccord Genuity Group dropped their target price on Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Loop Capital reduced their price target on shares of Salesforce from $330.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Finally, Macquarie reissued a “neutral” rating and issued a $320.00 price objective on shares of Salesforce in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty have issued a buy rating and five have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $360.32.

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.