Marietta Wealth Management LLC lowered its position in Salesforce, Inc. (NYSE:CRM – Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,057 shares of the CRM provider’s stock after selling 363 shares during the period. Marietta Wealth Management LLC’s holdings in Salesforce were worth $6,593,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in CRM. Bear Mountain Capital Inc. purchased a new position in Salesforce in the fourth quarter worth $26,000. Pacifica Partners Inc. grew its position in shares of Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock valued at $33,000 after acquiring an additional 100 shares during the period. BKM Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter worth approximately $34,000. GHP Investment Advisors Inc. lifted its stake in Salesforce by 30.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 270 shares of the CRM provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, Live Oak Investment Partners bought a new position in Salesforce during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
Insider Activity
In other news, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $274.01, for a total transaction of $4,110,150.00. Following the sale, the chief executive officer now owns 13,761,166 shares of the company’s stock, valued at approximately $3,770,697,095.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Brian Millham sold 293,965 shares of Salesforce stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $280.00, for a total transaction of $82,310,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $274.01, for a total transaction of $4,110,150.00. Following the transaction, the chief executive officer now directly owns 13,761,166 shares of the company’s stock, valued at $3,770,697,095.66. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 897,375 shares of company stock valued at $260,206,096. Corporate insiders own 3.70% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on Salesforce
Salesforce Trading Up 2.0 %
Salesforce stock traded up $5.43 during trading hours on Tuesday, reaching $278.33. The stock had a trading volume of 3,596,244 shares, compared to its average volume of 5,670,159. The stock has a market cap of $269.98 billion, a PE ratio of 65.44, a PEG ratio of 2.26 and a beta of 1.28. Salesforce, Inc. has a 52 week low of $190.57 and a 52 week 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. The company has a fifty day simple moving average of $298.52 and a 200-day simple moving average of $260.26.
Salesforce (NYSE:CRM – Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. Analysts forecast that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.
Salesforce Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Wednesday, March 13th. Salesforce’s payout ratio is 9.52%.
About Salesforce
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.
Featured Articles
- Five stocks we like better than Salesforce
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Silicon Motion Proves That AI in Motion Stays in Motion
- 5 discounted opportunities for dividend growth investors
- Undervalued UnitedHealth Group Won’t Be For Long
- ETF Screener: Uses and Step-by-Step Guide
- The 5 Stocks Most Sold By Insiders This Year
Receive News & Ratings for Salesforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce and related companies with MarketBeat.com's FREE daily email newsletter.