Salesforce, Inc. (NYSE:CRM) Holdings Lowered by Hills Bank & Trust Co

Hills Bank & Trust Co lessened its holdings in Salesforce, Inc. (NYSE:CRM) by 1.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,726 shares of the CRM provider’s stock after selling 268 shares during the period. Hills Bank & Trust Co’s holdings in Salesforce were worth $5,926,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management acquired a new stake in Salesforce in the fourth quarter valued at approximately $13,566,000. Greatmark Investment Partners Inc. acquired a new position in shares of Salesforce during the 4th quarter valued at about $234,000. Associated Banc Corp bought a new position in shares of Salesforce in the 4th quarter valued at approximately $228,000. Hughes Financial Services LLC acquired a new stake in Salesforce in the 4th quarter worth approximately $253,000. Finally, Midwest Professional Planners LTD. boosted its position in Salesforce by 3.2% during the fourth quarter. Midwest Professional Planners LTD. now owns 15,702 shares of the CRM provider’s stock worth $5,250,000 after purchasing an additional 491 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 317,105 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $346.78, for a total transaction of $109,965,671.90. Following the completion of the sale, the chief executive officer now owns 12,162,457 shares in the company, valued at approximately $4,217,696,838.46. The trade was a 2.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the transaction, the chief accounting officer now owns 7,057 shares in the company, valued at $2,344,899.96. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,108,793 shares of company stock valued at $383,156,227. 3.20% of the stock is currently owned by insiders.

Salesforce Trading Up 3.0 %

Shares of CRM opened at $279.76 on Friday. The stock’s fifty day simple moving average is $318.03 and its 200-day simple moving average is $308.70. The firm has a market capitalization of $268.85 billion, a PE ratio of 46.01, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of analyst reports. TD Cowen upgraded shares of Salesforce from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $380.00 to $400.00 in a research note on Friday, January 17th. UBS Group upped their price target on shares of Salesforce from $275.00 to $360.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Erste Group Bank upgraded Salesforce from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Guggenheim restated a “sell” rating and set a $247.00 target price on shares of Salesforce in a research note on Thursday, February 27th. Finally, Redburn Atlantic started coverage on Salesforce in a research report on Wednesday, February 19th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.62.

Salesforce Profile

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.