R David Schmaier Sells 8,281 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM) insider R David Schmaier sold 8,281 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $273.15, for a total value of $2,261,955.15. Following the completion of the transaction, the insider now directly owns 18,787 shares in the company, valued at approximately $5,131,669.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, April 16th, R David Schmaier sold 3,910 shares of Salesforce stock. The shares were sold at an average price of $274.77, for a total value of $1,074,350.70.

Salesforce Stock Performance

CRM opened at $276.19 on Thursday. Salesforce, Inc. has a 12-month low of $190.57 and a 12-month high of $318.71. The stock has a market cap of $267.90 billion, a price-to-earnings ratio of 65.76, a PEG ratio of 2.11 and a beta of 1.28. The business has a 50 day moving average of $296.65 and a 200-day moving average of $263.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period last year, the firm posted $1.01 earnings per share. The business’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that Salesforce, Inc. will post 7.45 earnings per share for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.58%. Salesforce’s payout ratio is 9.52%.

Analyst Ratings Changes

CRM has been the topic of a number of research analyst reports. StockNews.com lowered Salesforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th. TheStreet raised Salesforce from a “c+” rating to a “b-” rating in a research report on Friday, January 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $350.00 price target (up previously from $325.00) on shares of Salesforce in a research report on Friday, April 12th. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a research report on Monday, April 15th. Finally, Bank of America raised their price target on Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Nine research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $310.61.

Institutional Trading of Salesforce

Several hedge funds have recently added to or reduced their stakes in the company. Graypoint LLC lifted its holdings in Salesforce by 0.3% during the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock worth $2,764,000 after purchasing an additional 36 shares during the last quarter. Chase Investment Counsel Corp lifted its holdings in Salesforce by 0.3% during the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock worth $2,730,000 after purchasing an additional 36 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in Salesforce by 11.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock worth $93,000 after purchasing an additional 36 shares during the last quarter. Opes Wealth Management LLC lifted its holdings in Salesforce by 2.9% during the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock worth $341,000 after purchasing an additional 37 shares during the last quarter. Finally, Prentice Wealth Management LLC lifted its holdings in Salesforce by 1.7% during the 4th quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock worth $604,000 after purchasing an additional 38 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

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.