Salesforce, Inc. (NYSE:CRM) Insider Miguel Milano Sells 458 Shares

Salesforce, Inc. (NYSE:CRM) insider Miguel Milano sold 458 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $307.97, for a total transaction of $141,050.26. Following the completion of the transaction, the insider now owns 5,864 shares of the company’s stock, valued at approximately $1,805,936.08. The trade was a 7.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Salesforce Stock Performance

Shares of CRM opened at $308.27 on Tuesday. The company has a market capitalization of $295.01 billion, a price-to-earnings ratio of 50.70, a PEG ratio of 2.58 and a beta of 1.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The company’s 50 day simple moving average is $332.36 and its 200 day simple moving average is $306.60.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. Salesforce’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. On average, sell-side analysts predict that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce’s dividend payout ratio is currently 26.32%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. BMO Capital Markets decreased their price objective on shares of Salesforce from $425.00 to $375.00 and set an “outperform” rating for the company in a research note on Friday. Citigroup upped their target price on Salesforce from $368.00 to $390.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on Salesforce from $275.00 to $330.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 12th. Guggenheim downgraded Salesforce from a “neutral” rating to a “sell” rating and set a $247.00 price objective for the company. in a report on Monday, January 6th. Finally, KeyCorp upgraded shares of Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 target price on the stock in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $375.53.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Ameriflex Group Inc. purchased a new stake in Salesforce in the fourth quarter valued at approximately $362,000. United Advisor Group LLC boosted its holdings in shares of Salesforce by 11.4% in the 4th quarter. United Advisor Group LLC now owns 1,911 shares of the CRM provider’s stock valued at $639,000 after purchasing an additional 196 shares during the last quarter. Challenger Wealth Management acquired a new position in shares of Salesforce in the 4th quarter valued at $284,000. Ascent Group LLC grew its stake in shares of Salesforce by 1.2% during the 4th quarter. Ascent Group LLC now owns 16,187 shares of the CRM provider’s stock valued at $5,412,000 after buying an additional 185 shares during the period. Finally, Putney Financial Group LLC acquired a new stake in shares of Salesforce during the 4th quarter worth $1,394,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

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.