Fulcrum Capital LLC Has $429,000 Holdings in Salesforce, Inc. (NYSE:CRM)

Fulcrum Capital LLC decreased its stake in Salesforce, Inc. (NYSE:CRM) by 10.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,283 shares of the CRM provider’s stock after selling 155 shares during the quarter. Fulcrum Capital LLC’s holdings in Salesforce were worth $429,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CRM. GHP Investment Advisors Inc. grew its holdings in shares of Salesforce by 38.3% in the 2nd quarter. GHP Investment Advisors Inc. now owns 206 shares of the CRM provider’s stock worth $53,000 after purchasing an additional 57 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of Salesforce by 1.9% in the second quarter. Wealthspire Advisors LLC now owns 7,718 shares of the CRM provider’s stock valued at $1,984,000 after buying an additional 145 shares during the period. Envestnet Asset Management Inc. lifted its position in Salesforce by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,706,289 shares of the CRM provider’s stock worth $438,687,000 after buying an additional 112,690 shares in the last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of Salesforce by 12.0% in the 2nd quarter. Prosperity Consulting Group LLC now owns 2,238 shares of the CRM provider’s stock valued at $575,000 after buying an additional 239 shares during the last quarter. Finally, Lyell Wealth Management LP grew its holdings in Salesforce by 6.8% during the second quarter. Lyell Wealth Management LP now owns 64,280 shares of the CRM provider’s stock worth $16,526,000 after purchasing an additional 4,110 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Sundeep G. Reddy sold 413 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total value of $117,824.77. Following the completion of the transaction, the chief accounting officer now owns 7,006 shares in the company, valued at $1,998,741.74. This represents a 5.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $289.87, for a total transaction of $1,217,454.00. Following the sale, the insider now directly owns 118,514 shares in the company, valued at approximately $34,353,653.18. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,181,817 shares of company stock valued at $404,760,429. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CRM shares. Northland Securities reiterated an “outperform” rating and issued a $440.00 price target (up from $400.00) on shares of Salesforce in a research report on Wednesday, December 4th. DA Davidson boosted their target price on shares of Salesforce from $250.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. KeyCorp upgraded Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price target on the stock in a report on Friday, December 13th. Morgan Stanley upped their price objective on shares of Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus increased their price objective on Salesforce from $390.00 to $425.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.05.

Salesforce Trading Up 0.0 %

CRM traded up $0.03 during trading on Monday, hitting $317.88. 2,383,922 shares of the stock were exchanged, compared to its average volume of 4,556,487. The firm has a market cap of $304.21 billion, a price-to-earnings ratio of 52.28, a P/E/G ratio of 3.21 and a beta of 1.30. 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. The firm has a 50 day simple moving average of $335.82 and a 200 day simple moving average of $289.73.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Salesforce, Inc. will post 7.48 EPS for the current year.

Salesforce Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio is presently 26.32%.

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.