Salesforce, Inc. (NYSE:CRM - Get Free Report) CEO Brian Millham sold 979 shares of Salesforce stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $253.66, for a total value of $248,333.14. Following the completion of the transaction, the chief executive officer now owns 6,487 shares of the company's stock, valued at approximately $1,645,492.42. This trade represents a 13.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Brian Millham also recently made the following trade(s):
- On Monday, March 24th, Brian Millham sold 3,937 shares of Salesforce stock. The shares were sold at an average price of $284.58, for a total transaction of $1,120,391.46.
Salesforce Price Performance
NYSE:CRM opened at $264.29 on Friday. The stock has a market cap of $253.98 billion, a PE ratio of 43.47, a P/E/G ratio of 2.58 and a beta of 1.38. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The business's 50-day simple moving average is $274.96 and its two-hundred day simple moving average is $308.44. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00.
Salesforce Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 0.64%. This is an increase from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Salesforce's dividend payout ratio is presently 26.10%.
Wall Street Analyst Weigh In
Several research firms have weighed in on CRM. Redburn Atlantic assumed coverage on Salesforce in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. Cantor Fitzgerald began coverage on Salesforce in a report on Wednesday. They issued an "overweight" rating and a $210.00 price objective on the stock. Jefferies Financial Group decreased their price target on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Canaccord Genuity Group dropped their price target on shares of Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Finally, Bank of America decreased their price objective on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $351.37.
View Our Latest Report on Salesforce
Institutional Investors Weigh In On Salesforce
Several institutional investors and hedge funds have recently modified their holdings of CRM. Bernard Wealth Management Corp. bought a new stake in Salesforce in the 4th quarter valued at $25,000. Accredited Wealth Management LLC bought a new stake in shares of Salesforce in the fourth quarter worth about $27,000. Arlington Trust Co LLC boosted its stake in Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new position in Salesforce during the 4th quarter valued at approximately $30,000. Finally, Asset Planning Inc purchased a new stake in shares of Salesforce during the 4th quarter worth approximately $31,000. Institutional investors own 80.43% of the company's stock.
About Salesforce
(
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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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