Salesforce, Inc. (NYSE:CRM) Shares Acquired by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. boosted its stake in Salesforce, Inc. (NYSE:CRM) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,054 shares of the CRM provider’s stock after acquiring an additional 195 shares during the period. Valley Brook Capital Group Inc.’s holdings in Salesforce were worth $1,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Veracity Capital LLC acquired a new stake in shares of Salesforce in the 3rd quarter worth $214,000. Beacon Financial Advisory LLC lifted its position in Salesforce by 15.9% in the third quarter. Beacon Financial Advisory LLC now owns 1,554 shares of the CRM provider’s stock valued at $315,000 after purchasing an additional 213 shares during the period. Concord Wealth Partners boosted its holdings in Salesforce by 145.4% in the 3rd quarter. Concord Wealth Partners now owns 3,060 shares of the CRM provider’s stock valued at $621,000 after purchasing an additional 1,813 shares in the last quarter. Everhart Financial Group Inc. increased its position in Salesforce by 6.3% during the 3rd quarter. Everhart Financial Group Inc. now owns 3,600 shares of the CRM provider’s stock worth $730,000 after purchasing an additional 212 shares during the period. Finally, Hixon Zuercher LLC raised its stake in shares of Salesforce by 5.4% during the 3rd quarter. Hixon Zuercher LLC now owns 13,635 shares of the CRM provider’s stock worth $2,765,000 after buying an additional 698 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets upped their price objective on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Stifel Nicolaus reiterated a “buy” rating and issued a $350.00 price objective on shares of Salesforce in a research note on Wednesday, April 3rd. Needham & Company LLC reissued a “buy” rating and set a $345.00 price objective on shares of Salesforce in a report on Monday, April 15th. Evercore ISI lifted their price target on shares of Salesforce from $290.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Finally, Jefferies Financial Group upped their price target on Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $310.61.

Insider Buying and Selling

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $269.53, for a total transaction of $4,042,950.00. Following the completion of the sale, the chief executive officer now directly owns 12,707,327 shares in the company, valued at $3,425,005,846.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $269.53, for a total transaction of $4,042,950.00. Following the transaction, the chief executive officer now directly owns 12,707,327 shares of the company’s stock, valued at $3,425,005,846.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amy E. Weaver sold 942 shares of the firm’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $305.46, for a total transaction of $287,743.32. Following the completion of the transaction, the chief financial officer now directly owns 39,416 shares in the company, valued at approximately $12,040,011.36. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 629,993 shares of company stock valued at $184,255,474. 3.70% of the stock is currently owned by company insiders.

Salesforce Trading Up 0.6 %

NYSE CRM traded up $1.53 during trading hours on Friday, hitting $273.66. 4,041,636 shares of the company’s stock were exchanged, compared to its average volume of 5,219,539. The business’s 50 day moving average is $294.23 and its 200-day moving average is $267.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. Salesforce, Inc. has a 12-month low of $190.76 and a 12-month high of $318.71. The firm has a market capitalization of $264.90 billion, a P/E ratio of 65.16, a price-to-earnings-growth ratio of 2.10 and a beta of 1.30.

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

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. 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%.

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.