1,082 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Helium Advisors LLC

by · The Cerbat Gem

Helium Advisors LLC purchased a new position in Salesforce, Inc. (NYSE:CRM – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 1,082 shares of the CRM provider’s stock, valued at approximately $362,000.

A number of other large investors also recently bought and sold shares of CRM. Bernard Wealth Management Corp. purchased a new stake in Salesforce during the 4th quarter worth approximately $25,000. Accredited Wealth Management LLC purchased a new stake in Salesforce during the 4th quarter worth approximately $27,000. Arlington Trust Co LLC increased its stake in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc purchased a new stake in Salesforce during the 4th quarter worth approximately $30,000. Finally, Asset Planning Inc purchased a new stake in Salesforce during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, insider Miguel Milano sold 458 shares of Salesforce stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $307.97, for a total value of $141,050.26. Following the sale, the insider now owns 5,864 shares of the company’s stock, valued at approximately $1,805,936.08. The trade was a 7.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Srinivas Tallapragada sold 6,697 shares of Salesforce stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $295.00, for a total value of $1,975,615.00. Following the completion of the sale, the insider now directly owns 41,422 shares in the company, valued at $12,219,490. This represents a 13.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 46,306 shares of company stock worth $12,841,368 over the last ninety days. Company insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of several research reports. Wells Fargo & Company cut their price objective on Salesforce from $310.00 to $255.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Mizuho cut their price objective on Salesforce from $425.00 to $380.00 and set an “outperform” rating for the company in a research note on Thursday, May 15th. Morgan Stanley cut their price objective on Salesforce from $405.00 to $393.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Stephens assumed coverage on Salesforce in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $311.00 price target for the company. Finally, Scotiabank lowered their price objective on Salesforce from $400.00 to $345.00 and set a “sector outperform” rating on the stock in a research note on Monday, March 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-two have issued a buy rating and five have assigned a strong buy rating to the company’s stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $352.36.

Get Our Latest Research Report on CRM

Salesforce Trading Up 0.3%

CRM opened at $283.08 on Friday. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The business has a fifty day simple moving average of $268.58 and a 200-day simple moving average of $306.75. The firm has a market cap of $272.15 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.58 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a dividend of $0.42 per share. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, April 10th. Salesforce’s dividend payout ratio (DPR) is currently 26.10%.

About Salesforce

(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.

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