Salesforce, Inc. (NYSE:CRM) CEO Sells $176,054.19 in Stock

Salesforce, Inc. (NYSE:CRMGet Rating) CEO Bret Steven Taylor sold 1,033 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $170.43, for a total value of $176,054.19. Following the transaction, the chief executive officer now owns 932,210 shares in the company, valued at approximately $158,876,550.30. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bret Steven Taylor also recently made the following trade(s):

  • On Monday, April 25th, Bret Steven Taylor sold 612 shares of Salesforce stock. The shares were sold at an average price of $171.68, for a total value of $105,068.16.

Shares of NYSE CRM traded up $5.60 during midday trading on Thursday, hitting $173.05. 7,218,586 shares of the company’s stock were exchanged, compared to its average volume of 7,913,803. The company has a market cap of $172.18 billion, a PE ratio of 167.55, a P/E/G ratio of 4.57 and a beta of 1.16. Salesforce, Inc. has a twelve month low of $154.55 and a twelve month high of $311.75. The firm’s fifty day simple moving average is $172.00 and its 200-day simple moving average is $205.29. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.03.

Salesforce (NYSE:CRMGet Rating) last released its quarterly earnings results on Tuesday, May 31st. The CRM provider reported $0.98 EPS for the quarter, topping the consensus estimate of $0.94 by $0.04. The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.38 billion. Salesforce had a return on equity of 3.92% and a net margin of 3.59%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share. Equities analysts anticipate that Salesforce, Inc. will post 2.18 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CRM. Raymond James decreased their target price on Salesforce from $300.00 to $250.00 in a research report on Wednesday, June 1st. Bank of America reduced their price objective on Salesforce from $360.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, March 2nd. Wedbush reduced their price objective on Salesforce from $315.00 to $275.00 and set an “outperform” rating for the company in a research note on Wednesday, March 2nd. KeyCorp reduced their price objective on Salesforce from $281.00 to $223.00 and set an “overweight” rating for the company in a research note on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Salesforce from $300.00 to $260.00 in a research note on Wednesday, June 1st. Four analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $272.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRM. New World Advisors LLC acquired a new position in Salesforce during the third quarter worth approximately $481,000. MFA Wealth Advisors LLC acquired a new position in shares of Salesforce in the third quarter valued at approximately $84,000. Chartwell Investment Partners LLC increased its holdings in shares of Salesforce by 1.7% in the third quarter. Chartwell Investment Partners LLC now owns 19,563 shares of the CRM provider’s stock valued at $5,306,000 after purchasing an additional 323 shares during the period. Psagot Value Holdings Ltd. increased its holdings in shares of Salesforce by 2.0% in the third quarter. Psagot Value Holdings Ltd. now owns 52,237 shares of the CRM provider’s stock valued at $14,168,000 after purchasing an additional 1,018 shares during the period. Finally, EP Wealth Advisors LLC increased its holdings in shares of Salesforce by 1,305.3% in the third quarter. EP Wealth Advisors LLC now owns 59,080 shares of the CRM provider’s stock valued at $1,608,000 after purchasing an additional 54,876 shares during the period. 77.75% of the stock is currently owned by institutional investors.

Salesforce Company Profile (Get Rating)

Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include Sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence, and deliver quotes, contracts, and invoices; and Service that enables companies to deliver trusted and highly personalized customer service and support at scale.

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