Salesforce, Inc. (NYSE:CRM - Get Free Report) COO Brian Millham sold 4,204 shares of the company's stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $278.00, for a total transaction of $1,168,712.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction 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 stock was 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 stock was sold at an average price of $292.50, for a total transaction of $4,246,222.50.
Salesforce Stock Performance
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NYSE CRM opened at $273.09 on Friday. The firm has a market cap of $264.90 billion, a price-to-earnings ratio of 65.02, a PEG ratio of 2.13 and a beta of 1.28. The company has a 50 day moving average of $296.28 and a 200-day moving average of $263.44. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 1-year low of $190.57 and a 1-year high of $318.71.
Salesforce (NYSE:CRM - Get Free Report) 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 company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company's revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $1.01 earnings per share. On average, equities analysts forecast that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.
Salesforce Announces Dividend
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. This represents a $1.60 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Wednesday, March 13th. Salesforce's payout ratio is 9.52%.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Salesforce from $260.00 to $310.00 and gave the stock an "overweight" rating in a research report on Thursday, February 29th. Wedbush increased their target price on shares of Salesforce from $280.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Citigroup increased their target price on shares of Salesforce from $265.00 to $325.00 and gave the stock a "neutral" rating in a research report on Monday, February 26th. KeyCorp assumed coverage on shares of Salesforce in a report on Thursday, March 21st. They set a "sector weight" rating for the company. Finally, BMO Capital Markets upped their price target on shares of Salesforce from $325.00 to $335.00 and gave the company an "outperform" rating in a report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and an average target price of $310.61.
Read Our Latest Stock Analysis on CRM
Institutional Trading of Salesforce
Several hedge funds have recently modified their holdings of the company. Bear Mountain Capital Inc. acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $26,000. Signature Resources Capital Management LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $26,000. Red Tortoise LLC acquired a new stake in shares of Salesforce in the first quarter valued at approximately $33,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $31,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 80.43% of the company's stock.
About Salesforce
(
Get Free Report)
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.
Further Reading
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