789 Shares in Salesforce, Inc. (NYSE:CRM) Acquired by Vivaldi Capital Management LP

Vivaldi Capital Management LP purchased a new position in shares of Salesforce, Inc. (NYSE:CRM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 789 shares of the CRM provider’s stock, valued at approximately $274,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. WBI Investments LLC grew its position in Salesforce by 54.6% during the 4th quarter. WBI Investments LLC now owns 5,069 shares of the CRM provider’s stock worth $1,695,000 after acquiring an additional 1,791 shares during the last quarter. St. Clair Advisors LLC bought a new position in Salesforce during the 4th quarter worth approximately $1,763,000. Twinbeech Capital LP bought a new position in Salesforce during the 4th quarter worth approximately $5,690,000. Triglav Skladi D.O.O. bought a new position in Salesforce during the 4th quarter worth approximately $34,812,000. Finally, Two Sigma Advisers LP grew its position in Salesforce by 1,904.0% during the 4th quarter. Two Sigma Advisers LP now owns 150,300 shares of the CRM provider’s stock worth $50,250,000 after acquiring an additional 142,800 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Srinivas Tallapragada sold 6,697 shares of Salesforce stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $295.00, for a total value of $1,975,615.00. Following the completion of the sale, the insider now owns 41,422 shares of the company’s stock, valued at $12,219,490. The trade was a 13.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Sundeep G. Reddy sold 500 shares of Salesforce stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $275.00, for a total value of $137,500.00. Following the completion of the sale, the chief accounting officer now directly owns 11,711 shares of the company’s stock, valued at $3,220,525. The trade was a 4.09% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,306 shares of company stock valued at $12,841,368. Corporate insiders own 3.20% of the company’s stock.

Salesforce Stock Down 1.4%

Salesforce stock opened at $287.03 on Tuesday. The firm has a market cap of $275.95 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 2.58 and a beta of 1.42. The stock has a fifty day simple moving average of $268.15 and a two-hundred day simple moving average of $307.16. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were issued a $0.42 dividend. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.59%. Salesforce’s dividend payout ratio (DPR) is presently 26.10%.

Analyst Ratings Changes

Several research firms recently issued reports on CRM. Bank of America reduced their price target on Salesforce from $440.00 to $400.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. Mizuho dropped their price objective on Salesforce from $425.00 to $380.00 and set an “outperform” rating for the company in a report on Thursday, May 15th. Oppenheimer dropped their price objective on Salesforce from $415.00 to $380.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Scotiabank dropped their price objective on Salesforce from $400.00 to $345.00 and set a “sector outperform” rating for the company in a report on Monday, March 17th. Finally, Guggenheim upgraded Salesforce from a “sell” rating to a “neutral” rating in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and five have assigned a strong buy rating to the company. According to data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and a consensus price target of $352.62.

Salesforce 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.