Salesforce, Inc. (NYSE:CRM - Get Free Report) insider Parker Harris sold 4,200 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $277.22, for a total value of $1,164,324.00. Following the completion of the sale, the insider now owns 115,762 shares in the company, valued at approximately $32,091,541.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Parker Harris also recently made the following trade(s):
- On Tuesday, April 30th, Parker Harris sold 4,200 shares of Salesforce stock. The stock was sold at an average price of $270.93, for a total transaction of $1,137,906.00.
- On Tuesday, April 9th, Parker Harris sold 4,200 shares of Salesforce stock. The stock was sold at an average price of $301.75, for a total transaction of $1,267,350.00.
- On Tuesday, March 26th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $306.50, for a total value of $1,287,300.00.
- On Tuesday, March 19th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $299.60, for a total value of $1,258,320.00.
Salesforce Stock Up 0.6 %
Protect Your Bank Account Before It’s Too Late
From Weiss Ratings | Ad
For months I’ve been warning about the federal government’s terrifying new program to control every American’s bank account.
It gives them the power to monitor every single transaction …
Stop right now and do these 3 things to protect yourself
NYSE:CRM opened at $278.85 on Thursday. The firm has a market capitalization of $269.93 billion, a P/E ratio of 66.39, a PEG ratio of 2.10 and a beta of 1.30. The company's fifty day moving average price is $293.29 and its 200-day moving average price is $267.99. Salesforce, Inc. has a 1-year low of $193.68 and a 1-year high of $318.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09.
Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings data 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. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same quarter last year, the business posted $1.01 EPS. The company's revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current year.
Salesforce Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were issued a $0.40 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.57%. Salesforce's payout ratio is 9.52%.
Analysts Set New Price Targets
Several analysts recently weighed in on CRM shares. Stifel Nicolaus restated a "buy" rating and issued a $350.00 price objective on shares of Salesforce in a report on Wednesday, April 3rd. Piper Sandler reaffirmed a "neutral" rating and issued a $300.00 price target on shares of Salesforce in a research report on Monday, April 15th. Truist Financial reissued a "buy" rating and set a $360.00 price objective (up from $275.00) on shares of Salesforce in a report on Thursday, February 29th. Wolfe Research restated an "outperform" rating and set a $365.00 target price on shares of Salesforce in a report on Tuesday, April 16th. Finally, Mizuho reiterated a "buy" rating and issued a $345.00 price target (up from $325.00) on shares of Salesforce in a report on Thursday, February 29th. Nine equities research 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's stock. According to MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus price target of $310.61.
Read Our Latest Research Report on CRM
Institutional Investors Weigh In On Salesforce
Several hedge funds have recently modified their holdings of CRM. Graypoint LLC increased its stake in shares of Salesforce by 0.3% during the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider's stock valued at $2,764,000 after acquiring an additional 36 shares during the last quarter. Chase Investment Counsel Corp raised its stake in Salesforce by 0.3% during the fourth 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 period. JFS Wealth Advisors LLC boosted its holdings in shares of Salesforce by 11.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider's stock valued at $93,000 after purchasing an additional 36 shares during the last quarter. Opes Wealth Management LLC grew its stake in shares of Salesforce by 2.9% during the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider's stock valued at $341,000 after buying an additional 37 shares during the period. Finally, Prentice Wealth Management LLC increased its holdings in shares of 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 buying an additional 38 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
