Salesforce, Inc. (NYSE:CRM) Shares Bought by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. lifted its position in shares of Salesforce, Inc. (NYSE:CRM) by 53.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,519 shares of the CRM provider’s stock after acquiring an additional 1,223 shares during the period. Ausdal Financial Partners Inc.’s holdings in Salesforce were worth $1,176,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. United Bank raised its stake in Salesforce by 1.1% during the third quarter. United Bank now owns 7,303 shares of the CRM provider’s stock worth $1,999,000 after acquiring an additional 76 shares during the period. Fernbridge Capital Management LP raised its position in shares of Salesforce by 19.2% during the 3rd quarter. Fernbridge Capital Management LP now owns 1,072,422 shares of the CRM provider’s stock worth $293,533,000 after purchasing an additional 172,534 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Salesforce by 130.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 431,492 shares of the CRM provider’s stock worth $118,104,000 after purchasing an additional 244,420 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Salesforce by 36.6% during the 3rd quarter. CreativeOne Wealth LLC now owns 9,935 shares of the CRM provider’s stock valued at $2,719,000 after purchasing an additional 2,664 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new position in Salesforce during the 3rd quarter worth $147,000. 80.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRM. Guggenheim reissued a “sell” rating and set a $247.00 price target on shares of Salesforce in a report on Thursday, February 27th. Royal Bank of Canada upped their target price on shares of Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group cut their price target on Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. DA Davidson decreased their price objective on Salesforce from $300.00 to $275.00 and set a “neutral” rating for the company in a report on Thursday, February 27th. Finally, Stephens started coverage on Salesforce in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $311.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the stock. Based on data from MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $362.74.

Insider Buying and Selling at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 436 shares of Salesforce stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at $2,344,899.96. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total transaction of $2,052,183.48. Following the transaction, the chief financial officer now owns 45,861 shares in the company, valued at approximately $15,128,626.68. This trade represents a 11.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,875 shares of company stock valued at $13,580,649 in the last quarter. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Performance

Shares of CRM opened at $280.93 on Thursday. The company has a market capitalization of $269.97 billion, a PE ratio of 46.21, a PEG ratio of 2.58 and a beta of 1.35. 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 company’s 50 day moving average price is $311.35 and its 200 day moving average price is $310.74. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00.

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.