Cahill Financial Advisors Inc. Sells 210 Shares of Salesforce, Inc. (NYSE:CRM)

Cahill Financial Advisors Inc. cut its stake in shares of Salesforce, Inc. (NYSE:CRM) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 805 shares of the CRM provider’s stock after selling 210 shares during the period. Cahill Financial Advisors Inc.’s holdings in Salesforce were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB lifted its holdings in shares of Salesforce by 11.9% during the fourth quarter. Nordea Investment Management AB now owns 2,288,803 shares of the CRM provider’s stock worth $766,566,000 after buying an additional 243,008 shares in the last quarter. CWA Asset Management Group LLC raised its stake in Salesforce by 14.1% in the 4th quarter. CWA Asset Management Group LLC now owns 15,708 shares of the CRM provider’s stock worth $5,252,000 after purchasing an additional 1,936 shares in the last quarter. Neville Rodie & Shaw Inc. boosted its holdings in Salesforce by 4.2% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 53,311 shares of the CRM provider’s stock valued at $17,823,000 after purchasing an additional 2,160 shares during the period. Capital Market Strategies LLC acquired a new position in shares of Salesforce during the 4th quarter worth approximately $230,000. Finally, Canandaigua National Bank & Trust Co. increased its holdings in shares of Salesforce by 3.1% during the fourth quarter. Canandaigua National Bank & Trust Co. now owns 11,332 shares of the CRM provider’s stock worth $3,789,000 after purchasing an additional 344 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction dated Friday, May 2nd. The shares were 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 owns 11,711 shares in the company, valued at approximately $3,220,525. This trade represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Millham sold 979 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $253.66, for a total value of $248,333.14. Following the completion of the transaction, the chief executive officer now owns 6,487 shares in the company, valued at $1,645,492.42. The trade was a 13.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,830 shares of company stock worth $12,907,361. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Redburn Atlantic started coverage on Salesforce in a research report on Wednesday, February 19th. They set a “buy” rating on the stock. Piper Sandler decreased their price target on Salesforce from $400.00 to $315.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Salesforce in a research report on Wednesday, March 19th. Wells Fargo & Company reduced their target price on Salesforce from $310.00 to $255.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Salesforce in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have given a buy rating and five have given a strong buy rating to the company. According to MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $350.56.

Salesforce Stock Performance

Shares of CRM stock opened at $272.40 on Tuesday. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00. The firm has a market capitalization of $261.88 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 2.58 and a beta of 1.42. The firm has a fifty day simple moving average of $268.64 and a two-hundred day simple moving average of $307.67. 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 declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a $0.42 dividend. This is a boost from Salesforce’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $1.68 annualized dividend and a yield of 0.62%. Salesforce’s dividend payout ratio (DPR) is presently 26.10%.

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.