Compound Global Advisors LLC Has $295,000 Stock Holdings in Salesforce Inc. (NYSE:CRM)

Compound Global Advisors LLC trimmed its position in Salesforce Inc. (NYSE:CRM) by 38.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,100 shares of the CRM provider’s stock after selling 700 shares during the period. Salesforce makes up approximately 1.7% of Compound Global Advisors LLC’s portfolio, making the stock its 23rd biggest position. Compound Global Advisors LLC’s holdings in Salesforce were worth $295,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in Salesforce in the 4th quarter valued at $25,000. Accredited Wealth Management LLC acquired a new position in shares of Salesforce during the fourth quarter valued at about $27,000. Wood Tarver Financial Group LLC bought a new stake in shares of Salesforce during the fourth quarter worth about $35,000. VSM Wealth Advisory LLC acquired a new stake in shares of Salesforce in the 4th quarter worth about $45,000. Finally, Vermillion Wealth Management Inc. lifted its position in Salesforce by 138.9% in the 1st quarter. Vermillion Wealth Management Inc. now owns 172 shares of the CRM provider’s stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In related news, Director Oscar Munoz bought 3,882 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were acquired at an average cost of $257.28 per share, with a total value of $998,760.96. Following the completion of the purchase, the director directly owned 11,843 shares of the company’s stock, valued at $3,046,967.04. This trade represents a 48.76% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Srinivas Tallapragada sold 6,697 shares of Salesforce stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total transaction of $1,975,615.00. Following the sale, the insider owned 41,422 shares of the company’s stock, valued at approximately $12,219,490. The trade was a 13.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,534 shares of company stock worth $7,609,842. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Performance

NYSE:CRM opened at $271.86 on Wednesday. The business’s fifty day moving average is $271.69 and its 200 day moving average is $293.08. The firm has a market cap of $259.90 billion, a price-to-earnings ratio of 42.54, a PEG ratio of 2.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.07 and a current ratio of 1.07. Salesforce Inc. has a 52-week low of $230.00 and a 52-week high of $369.00.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%. The firm had revenue of $9.83 billion for the quarter, compared to analysts’ expectations of $9.74 billion. During the same period in the prior year, the business posted $2.44 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Research analysts predict that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.61%. The ex-dividend date is Wednesday, June 18th. Salesforce’s payout ratio is 25.98%.

Analysts Set New Price Targets

CRM has been the subject of a number of recent research reports. UBS Group set a $404.00 price objective on Salesforce and gave the stock an “overweight” rating in a report on Wednesday, June 18th. Cantor Fitzgerald restated an “overweight” rating and set a $325.00 price objective on shares of Salesforce in a research note on Thursday, June 26th. Wells Fargo & Company upped their target price on shares of Salesforce from $255.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 29th. Barclays cut their price target on shares of Salesforce from $425.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, May 29th. Finally, Scotiabank decreased their price objective on shares of Salesforce from $400.00 to $345.00 and set a “sector outperform” rating for the company in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.08.

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.