Brian Millham Sells 4,204 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 4,204 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Brian Millham also recently made the following trade(s):

• On Monday, April 22nd, Brian Millham sold 5,801 shares of Salesforce stock. The shares were sold at an average price of $279.10, for a total transaction of $1,619,059.10.
• On Monday, April 1st, Brian Millham sold 24,453 shares of Salesforce stock. The shares were sold at an average price of $302.08, for a total transaction of $7,386,762.24.
• On Monday, March 25th, Brian Millham sold 1,679 shares of Salesforce stock. The shares were sold at an average price of $305.46, for a total transaction of $512,867.34.
• On Friday, March 22nd, Brian Millham sold 14,516 shares of Salesforce stock. The shares were sold at an average price of $309.32, for a total transaction of $4,490,089.12.
• On Thursday, February 22nd, Brian Millham sold 14,517 shares of Salesforce stock. The shares were sold at an average price of $292.50, for a total transaction of $4,246,222.50.

Salesforce Stock Down 1.1 %

CRM stock traded down $3.10 during midday trading on Thursday, hitting $273.09. The company’s stock had a trading volume of 4,809,033 shares, compared to its average volume of 5,686,380. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 52-week low of $190.57 and a 52-week high of $318.71. The firm has a market capitalization of $264.90 billion, a P/E ratio of 64.14, a PEG ratio of 2.13 and a beta of 1.28. The firm has a 50-day simple moving average of $296.65 and a 200-day simple moving average of $263.37.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. Salesforce had a net margin of 11.87% and a return on equity of 10.42%. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same quarter last year, the company posted $1.01 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 14th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.59%. Salesforce’s dividend payout ratio is currently 9.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CRM shares. UBS Group upped their price target on shares of Salesforce from $285.00 to $310.00 and gave the company a “neutral” rating in a report on Friday, February 16th. Bank of America upped their price target on shares of Salesforce from $350.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Truist Financial reaffirmed a “buy” rating and issued a $360.00 price target (up from $275.00) on shares of Salesforce in a report on Thursday, February 29th. Oppenheimer increased their target price on shares of Salesforce from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Finally, BMO Capital Markets increased their target price on shares of Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $310.61.

Institutional Investors Weigh In On Salesforce

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Impact Partnership Wealth LLC increased its stake in Salesforce by 226.5% in the third quarter. Impact Partnership Wealth LLC now owns 320 shares of the CRM provider’s stock valued at $65,000 after purchasing an additional 222 shares during the period. DAVENPORT & Co LLC increased its stake in Salesforce by 25.7% in the third quarter. DAVENPORT & Co LLC now owns 4,411 shares of the CRM provider’s stock valued at $894,000 after purchasing an additional 901 shares during the period. Proficio Capital Partners LLC boosted its holdings in shares of Salesforce by 3.1% in the third quarter. Proficio Capital Partners LLC now owns 1,840 shares of the CRM provider’s stock valued at $373,000 after acquiring an additional 56 shares in the last quarter. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Salesforce in the third quarter valued at about $237,000. Finally, Capital Asset Advisory Services LLC purchased a new stake in shares of Salesforce in the third quarter valued at about $226,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

About Salesforce

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.