Etesian Wealth Advisors Inc. Has $1.37 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Etesian Wealth Advisors Inc. trimmed its position in Salesforce, Inc. (NYSE:CRM) by 6.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,531 shares of the CRM provider’s stock after selling 327 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in Salesforce were worth $1,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Eagle Asset Management Inc. increased its position in Salesforce by 200.5% during the third quarter. Eagle Asset Management Inc. now owns 35,669 shares of the CRM provider’s stock worth $7,233,000 after acquiring an additional 23,800 shares during the period. Pegasus Partners Ltd. raised its position in shares of Salesforce by 9.6% during the third quarter. Pegasus Partners Ltd. now owns 1,063 shares of the CRM provider’s stock valued at $216,000 after buying an additional 93 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Salesforce by 4.6% in the third quarter. Parkside Financial Bank & Trust now owns 2,886 shares of the CRM provider’s stock valued at $585,000 after buying an additional 128 shares during the period. Operose Advisors LLC grew its position in Salesforce by 401.0% during the third quarter. Operose Advisors LLC now owns 481 shares of the CRM provider’s stock worth $98,000 after buying an additional 385 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Salesforce by 28.4% during the third quarter. O Shaughnessy Asset Management LLC now owns 58,244 shares of the CRM provider’s stock valued at $11,811,000 after acquiring an additional 12,882 shares during the period. 80.43% of the stock is owned by institutional investors.

Salesforce Trading Down 0.0 %

Shares of CRM stock traded down $0.10 during trading hours on Wednesday, reaching $241.66. The company had a trading volume of 1,929,732 shares, compared to its average volume of 6,869,770. Salesforce, Inc. has a 1-year low of $193.68 and a 1-year high of $318.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $234.17 billion, a price-to-earnings ratio of 43.39, a P/E/G ratio of 2.12 and a beta of 1.25. The company has a 50 day moving average of $261.10 and a 200 day moving average of $276.56.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.38 by $0.06. The firm had revenue of $9.13 billion for the quarter, compared to analyst estimates of $9.15 billion. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.15 earnings per share. On average, equities research analysts anticipate that Salesforce, Inc. will post 7.47 EPS for the current year.

Insider Buying and Selling

In related news, insider Parker Harris sold 4,200 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $301.75, for a total transaction of $1,267,350.00. Following the sale, the insider now owns 105,837 shares of the company’s stock, valued at approximately $31,936,314.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Sundeep G. Reddy sold 2,425 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $273.15, for a total value of $662,388.75. Following the completion of the transaction, the chief accounting officer now directly owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $301.75, for a total value of $1,267,350.00. Following the transaction, the insider now owns 105,837 shares of the company’s stock, valued at $31,936,314.75. The disclosure for this sale can be found here. Insiders have sold 541,787 shares of company stock valued at $149,773,683 in the last 90 days. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Evercore ISI decreased their price objective on Salesforce from $330.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, May 30th. Sanford C. Bernstein boosted their price target on shares of Salesforce from $231.00 to $234.00 and gave the company an “underperform” rating in a report on Thursday, May 30th. Mizuho dropped their price objective on shares of Salesforce from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, May 30th. TD Cowen decreased their target price on shares of Salesforce from $330.00 to $285.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Finally, Bank of America increased their price target on shares of Salesforce from $350.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.79.

Salesforce Company 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.