Salesforce, Inc. (NYSE:CRM) Holdings Lowered by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC trimmed its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 2.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,671 shares of the CRM provider’s stock after selling 74 shares during the period. Kapstone Financial Advisors LLC’s holdings in Salesforce were worth $745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CRM. Bear Mountain Capital Inc. bought a new stake in Salesforce during the 4th quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Salesforce in the 4th quarter worth approximately $31,000. Pacifica Partners Inc. lifted its position in shares of Salesforce by 333.3% in the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 100 shares during the period. BKM Wealth Management LLC bought a new stake in shares of Salesforce in the 4th quarter worth approximately $34,000. Finally, AlphaMark Advisors LLC lifted its position in shares of Salesforce by 892.9% in the 4th quarter. AlphaMark Advisors LLC now owns 139 shares of the CRM provider’s stock worth $37,000 after acquiring an additional 125 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Salesforce news, insider Srinivas Tallapragada sold 10,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $283.12, for a total value of $2,831,200.00. Following the transaction, the insider now directly owns 60,416 shares in the company, valued at approximately $17,104,977.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Srinivas Tallapragada sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $283.12, for a total value of $2,831,200.00. Following the completion of the transaction, the insider now directly owns 60,416 shares of the company’s stock, valued at approximately $17,104,977.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $285.05, for a total transaction of $4,275,750.00. Following the completion of the transaction, the chief executive officer now directly owns 13,656,166 shares of the company’s stock, valued at $3,892,690,118.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 620,793 shares of company stock worth $182,177,918. Corporate insiders own 3.70% of the company’s stock.

Salesforce Price Performance

Shares of NYSE CRM traded up $1.15 during mid-day trading on Friday, reaching $274.29. The company’s stock had a trading volume of 3,754,585 shares, compared to its average volume of 5,162,527. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $266.06 billion, a P/E ratio of 65.31, a P/E/G ratio of 2.11 and a beta of 1.28. The stock has a 50-day moving average of $295.97 and a two-hundred day moving average of $264.30. Salesforce, Inc. has a 1-year low of $190.76 and a 1-year high of $318.71.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.22 billion. During the same quarter in the previous year, the firm earned $1.01 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. On average, equities research analysts anticipate that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were given a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 annualized dividend and a dividend yield of 0.58%. Salesforce’s payout ratio is currently 9.52%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CRM. Argus raised their target price on Salesforce from $290.00 to $354.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a report on Monday, April 15th. Wells Fargo & Company raised their price target on Salesforce from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Wednesday, February 21st. Mizuho reaffirmed a “buy” rating and set a $345.00 price target (up from $325.00) on shares of Salesforce in a report on Thursday, February 29th. Finally, BMO Capital Markets raised their price target on Salesforce from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Nine analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $310.61.

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.