Salesforce, Inc. (NYSE:CRM - Get Free Report) insider Parker Harris sold 4,200 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $271.75, for a total transaction of $1,141,350.00. Following the completion of the sale, the insider now owns 118,514 shares of the company's stock, valued at $32,206,179.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Parker Harris also recently made the following trade(s):
- On Monday, September 23rd, Parker Harris sold 942 shares of Salesforce stock. The shares were sold at an average price of $264.78, for a total transaction of $249,422.76.
- On Tuesday, September 17th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $257.04, for a total transaction of $1,079,568.00.
- On Tuesday, September 3rd, Parker Harris sold 3,528 shares of Salesforce stock. The shares were sold at an average price of $250.59, for a total transaction of $884,081.52.
- On Tuesday, August 27th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $262.90, for a total transaction of $1,104,180.00.
- On Tuesday, August 20th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $262.97, for a total transaction of $1,104,474.00.
- On Tuesday, August 13th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $254.57, for a total transaction of $1,069,194.00.
- On Friday, August 9th, Parker Harris sold 1,400 shares of Salesforce stock. The shares were sold at an average price of $251.62, for a total transaction of $352,268.00.
- On Tuesday, August 6th, Parker Harris sold 2,800 shares of Salesforce stock. The shares were sold at an average price of $241.22, for a total transaction of $675,416.00.
- On Tuesday, July 30th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $257.28, for a total transaction of $1,080,576.00.
- On Tuesday, July 16th, Parker Harris sold 4,200 shares of Salesforce stock. The shares were sold at an average price of $254.90, for a total transaction of $1,070,580.00.
Salesforce Trading Up 3.2 %
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Shares of Salesforce stock opened at $279.48 on Thursday. Salesforce, Inc. has a 1 year low of $193.68 and a 1 year high of $318.71. The firm has a market cap of $270.82 billion, a PE ratio of 50.27, a PEG ratio of 2.39 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50 day simple moving average of $257.54 and a two-hundred day simple moving average of $264.75.
Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.20. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. The business had revenue of $9.33 billion during the quarter, compared to analyst estimates of $9.22 billion. During the same period in the previous year, the business posted $1.63 earnings per share. Salesforce's revenue for the quarter was up 8.5% on a year-over-year basis. Analysts expect that Salesforce, Inc. will post 7.54 earnings per share for the current fiscal year.
Salesforce Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.57%. Salesforce's payout ratio is 28.78%.
Institutional Investors Weigh In On Salesforce
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Salesforce by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 84,635,254 shares of the CRM provider's stock worth $25,490,446,000 after acquiring an additional 1,008,841 shares during the last quarter. Capital World Investors raised its holdings in Salesforce by 2.4% during the 4th quarter. Capital World Investors now owns 19,561,325 shares of the CRM provider's stock valued at $5,147,402,000 after buying an additional 457,463 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Salesforce by 5.2% during the 4th quarter. Fisher Asset Management LLC now owns 14,905,462 shares of the CRM provider's stock valued at $3,922,223,000 after buying an additional 736,986 shares during the last quarter. Capital Research Global Investors raised its holdings in Salesforce by 26.9% during the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider's stock valued at $4,329,925,000 after buying an additional 3,044,611 shares during the last quarter. Finally, Capital International Investors raised its holdings in Salesforce by 3.0% during the 1st quarter. Capital International Investors now owns 14,116,449 shares of the CRM provider's stock valued at $4,251,592,000 after buying an additional 407,834 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
CRM has been the topic of a number of recent analyst reports. Roth Mkm reissued a "buy" rating and set a $335.00 price target on shares of Salesforce in a research report on Thursday, August 29th. Needham & Company LLC restated a "buy" rating and set a $345.00 price objective on shares of Salesforce in a report on Friday, September 20th. Evercore ISI restated an "outperform" rating and set a $300.00 price objective on shares of Salesforce in a report on Monday, August 26th. BMO Capital Markets raised their price objective on shares of Salesforce from $265.00 to $305.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Finally, DA Davidson raised their price objective on shares of Salesforce from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $310.74.
View Our Latest Stock Analysis on Salesforce
Salesforce Company Profile
(
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.
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