Brian Millham Sells 5,801 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 5,801 shares of Salesforce stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $279.10, for a total value of $1,619,059.10. Following the completion of the sale, the chief operating officer now directly owns 4,204 shares in the company, valued at approximately $1,173,336.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• 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 value 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 value 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 value 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 value of $4,246,222.50.
• On Wednesday, January 24th, Brian Millham sold 393 shares of Salesforce stock. The shares were sold at an average price of $280.00, for a total value of $110,040.00.

Salesforce Stock Down 0.2 %

Shares of CRM opened at $276.19 on Thursday. Salesforce, Inc. has a one year low of $190.57 and a one year high of $318.71. The company has a market cap of $267.90 billion, a P/E ratio of 65.76, a P/E/G ratio of 2.11 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $296.65 and a two-hundred day simple moving average of $263.37.

Salesforce (NYSE:CRM) last announced its quarterly earnings data 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 business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue was up 10.8% on a year-over-year basis. Research analysts forecast that Salesforce, Inc. will post 7.45 EPS for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed 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 of this dividend was Wednesday, March 13th. This represents a $1.60 annualized dividend and a yield of 0.58%. Salesforce’s dividend payout ratio is currently 9.52%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Argus lifted their target price on Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. JPMorgan Chase & Co. lifted their price target on Salesforce from $260.00 to $310.00 and gave the stock an “overweight” rating in a report on Thursday, February 29th. StockNews.com cut Salesforce from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. KeyCorp initiated coverage on Salesforce in a report on Thursday, March 21st. They set a “sector weight” rating for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $350.00 price target on shares of Salesforce in a report on Wednesday, April 3rd. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $310.61.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CRM. Norges Bank acquired a new position in Salesforce during the fourth quarter valued at approximately $2,762,331,000. Capital International Investors increased its holdings in shares of Salesforce by 76.4% during the fourth quarter. Capital International Investors now owns 13,708,615 shares of the CRM provider’s stock worth $3,607,493,000 after buying an additional 5,935,973 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Salesforce by 1,254.7% during the fourth quarter. Cerity Partners LLC now owns 3,483,670 shares of the CRM provider’s stock worth $916,693,000 after buying an additional 3,226,512 shares in the last quarter. Coatue Management LLC acquired a new position in shares of Salesforce during the fourth quarter worth $564,188,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of Salesforce by 110.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,394,912 shares of the CRM provider’s stock worth $893,336,000 after buying an additional 1,780,421 shares in the last quarter. 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.