Salesforce, Inc. (NYSE:CRM) CFO Amy E. Weaver Sells 5,864 Shares

Salesforce, Inc. (NYSE:CRM) CFO Amy E. Weaver sold 5,864 shares of Salesforce stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $274.77, for a total value of $1,611,251.28. Following the sale, the chief financial officer now directly owns 45,231 shares in the company, valued at approximately $12,428,121.87. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Salesforce Trading Down 0.4 %

Shares of NYSE CRM opened at $276.33 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $298.10 and a two-hundred day simple moving average of $260.89. The firm has a market cap of $268.04 billion, a PE ratio of 65.79, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28. Salesforce, Inc. has a twelve month low of $190.57 and a twelve month high of $318.71.

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

Salesforce Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bear Mountain Capital Inc. bought a new position in shares of Salesforce in the 4th quarter worth $26,000. Signature Resources Capital Management LLC bought a new position in shares of Salesforce in the 4th quarter worth $26,000. Aspect Partners LLC purchased a new position in Salesforce during the 4th quarter worth $29,000. Kathleen S. Wright Associates Inc. purchased a new position in Salesforce during the 4th quarter worth $31,000. Finally, Main Street Group LTD purchased a new position in Salesforce during the 4th quarter worth $31,000. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRM shares. Argus lifted their target price on Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Mizuho restated a “buy” rating and set a $345.00 price target (up previously from $325.00) on shares of Salesforce in a report on Thursday, February 29th. StockNews.com cut Salesforce from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. JMP Securities restated a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a report on Monday. Finally, Wolfe Research restated an “outperform” rating and set a $365.00 price target on shares of Salesforce in a report on Tuesday. Nine investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $307.87.

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.