Traveka Wealth LLC Purchases 301 Shares of Salesforce, Inc. (NYSE:CRM)

Traveka Wealth LLC increased its position in Salesforce, Inc. (NYSE:CRM) by 15.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,297 shares of the CRM provider’s stock after purchasing an additional 301 shares during the quarter. Traveka Wealth LLC’s holdings in Salesforce were worth $768,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Infrastructure Capital Advisors LLC bought a new stake in shares of Salesforce in the 3rd quarter worth about $27,000. Godsey & Gibb Inc. lifted its stake in shares of Salesforce by 300.0% during the third quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock valued at $33,000 after acquiring an additional 90 shares during the period. Strategic Investment Solutions Inc. IL bought a new position in Salesforce in the second quarter valued at approximately $33,000. Annapolis Financial Services LLC grew its stake in shares of Salesforce by 135.6% during the third quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock worth $38,000 after purchasing an additional 80 shares during the period. Finally, Friedenthal Financial bought a new stake in Salesforce in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Up 0.5 %

Shares of CRM opened at $319.39 on Tuesday. 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 52 week low of $212.00 and a 52 week high of $369.00. The stock has a market capitalization of $305.66 billion, a price-to-earnings ratio of 52.53, a PEG ratio of 3.21 and a beta of 1.30. The stock has a fifty day moving average of $336.25 and a 200-day moving average of $290.19.

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

Salesforce Dividend Announcement

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

Insider Activity at Salesforce

In other news, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $288.82, for a total value of $1,213,044.00. Following the transaction, the insider now owns 118,514 shares in the company, valued at approximately $34,229,213.48. The trade was a 3.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director G Mason Morfit sold 722,300 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $346.11, for a total transaction of $249,995,253.00. Following the sale, the director now owns 3,192,009 shares of the company’s stock, valued at approximately $1,104,786,234.99. This trade represents a 18.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,177,617 shares of company stock worth $403,542,975 over the last three months. Company insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

CRM has been the subject of several analyst reports. Northland Securities restated an “outperform” rating and set a $440.00 target price (up from $400.00) on shares of Salesforce in a research report on Wednesday, December 4th. Morgan Stanley upped their target price on Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Wedbush reiterated an “outperform” rating and set a $425.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. TD Cowen raised their target price on shares of Salesforce from $290.00 to $340.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their price target on shares of Salesforce from $385.00 to $425.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $376.05.

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.