Blueprint Investment Partners LLC Buys 1,026 Shares of Salesforce, Inc. (NYSE:CRM)

Blueprint Investment Partners LLC boosted its stake in Salesforce, Inc. (NYSE:CRM) by 35.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,926 shares of the CRM provider’s stock after buying an additional 1,026 shares during the period. Blueprint Investment Partners LLC’s holdings in Salesforce were worth $1,313,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CRM. Foundations Investment Advisors LLC increased its position in Salesforce by 15.0% during the 4th quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider’s stock valued at $12,194,000 after buying an additional 4,752 shares in the last quarter. Nabity Jensen Investment Management Inc purchased a new stake in shares of Salesforce in the third quarter worth $1,215,000. Athena Investment Management bought a new position in shares of Salesforce during the fourth quarter valued at $236,000. Highland Capital Management LLC purchased a new position in shares of Salesforce in the 4th quarter worth about $4,321,000. Finally, Geode Capital Management LLC boosted its stake in Salesforce by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider’s stock worth $5,395,132,000 after purchasing an additional 257,501 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Salesforce Price Performance

CRM stock opened at $281.56 on Friday. The firm has a market cap of $270.58 billion, a P/E ratio of 46.31, a PEG ratio of 2.58 and a beta of 1.35. The stock’s 50 day moving average price is $313.51 and its 200 day moving average price is $309.92. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

Insider Buying and Selling

In related news, CFO Amy E. Weaver sold 6,221 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $277.37, for a total transaction of $1,725,518.77. Following the completion of the transaction, the chief financial officer now owns 46,750 shares of the company’s stock, valued at approximately $12,967,047.50. This represents a 11.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Parker Harris sold 942 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $339.78, for a total value of $320,072.76. Following the sale, the insider now owns 120,333 shares of the company’s stock, valued at approximately $40,886,746.74. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 60,256 shares of company stock worth $19,692,357. 3.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on CRM. JMP Securities reiterated a “market outperform” rating and set a $450.00 target price on shares of Salesforce in a research note on Wednesday, December 18th. Truist Financial reaffirmed a “buy” rating and issued a $400.00 target price (up previously from $380.00) on shares of Salesforce in a research report on Wednesday, December 4th. Morgan Stanley increased their price target on Salesforce from $330.00 to $405.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Canaccord Genuity Group cut their price objective on Salesforce from $415.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, February 27th. Finally, TD Cowen raised Salesforce from a “hold” rating to a “buy” rating and increased their target price for the company from $380.00 to $400.00 in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $362.74.

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.