Salesforce, Inc. (NYSE:CRM) COO Brian Millham Sells 4,204 Shares

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 4,204 shares of the stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $278.00, for a total value of $1,168,712.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Brian Millham also recently made the following trade(s):

• On Monday, April 22nd, Brian Millham sold 5,801 shares of Salesforce stock. The stock was sold at an average price of $279.10, for a total value of $1,619,059.10.
• On Monday, April 1st, Brian Millham sold 24,453 shares of Salesforce stock. The stock was sold at an average price of $302.08, for a total transaction of $7,386,762.24.
• On Monday, March 25th, Brian Millham sold 1,679 shares of Salesforce stock. The shares were sold at an average price of $305.46, for a total transaction of $512,867.34.
• On Friday, March 22nd, Brian Millham sold 14,516 shares of Salesforce stock. The stock was sold at an average price of $309.32, for a total transaction of $4,490,089.12.
• On Thursday, February 22nd, Brian Millham sold 14,517 shares of Salesforce stock. The shares were sold at an average price of $292.50, for a total value of $4,246,222.50.

Salesforce Stock Performance

Shares of NYSE:CRM traded down $3.10 during trading hours on Thursday, hitting $273.09. The stock had a trading volume of 4,809,033 shares, compared to its average volume of 5,686,380. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day simple moving average is $296.65 and its 200 day simple moving average is $263.37. The firm has a market capitalization of $264.90 billion, a price-to-earnings ratio of 64.14, a PEG ratio of 2.13 and a beta of 1.28. Salesforce, Inc. has a 1-year low of $190.57 and a 1-year high of $318.71.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.72 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.01 earnings per share. Sell-side analysts anticipate that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.59%. The ex-dividend date was Wednesday, March 13th. Salesforce’s dividend payout ratio (DPR) is presently 9.52%.

Hedge Funds Weigh In On Salesforce

Large investors have recently made changes to their positions in the business. Graypoint LLC boosted its holdings in Salesforce by 0.3% during the fourth quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock valued at $2,764,000 after purchasing an additional 36 shares in the last quarter. Chase Investment Counsel Corp boosted its stake in Salesforce by 0.3% in the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock valued at $2,730,000 after buying an additional 36 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Salesforce by 11.4% in the fourth quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock valued at $93,000 after acquiring an additional 36 shares during the period. Opes Wealth Management LLC lifted its holdings in shares of Salesforce by 2.9% during the fourth quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock valued at $341,000 after acquiring an additional 37 shares during the period. Finally, Prentice Wealth Management LLC lifted its holdings in shares of Salesforce by 1.7% during the fourth quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock valued at $604,000 after acquiring an additional 38 shares during the period. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CRM shares. Mizuho reissued a “buy” rating and issued a $345.00 price objective (up from $325.00) on shares of Salesforce in a report on Thursday, February 29th. StockNews.com downgraded shares of Salesforce from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. Robert W. Baird upped their price objective on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Citigroup boosted their price objective on shares of Salesforce from $265.00 to $325.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $345.00 target price on shares of Salesforce in a report on Monday, April 15th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $310.61.

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.