Salesforce, Inc. (NYSE:CRM) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. cut its holdings in Salesforce, Inc. (NYSE:CRM) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,449 shares of the CRM provider’s stock after selling 920 shares during the quarter. Kampmann Melissa S.’s holdings in Salesforce were worth $2,586,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Capital Research Global Investors increased its stake in Salesforce by 26.9% in the 1st quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider’s stock valued at $4,329,925,000 after buying an additional 3,044,611 shares during the period. GQG Partners LLC acquired a new position in shares of Salesforce during the first quarter worth about $910,220,000. Swedbank AB purchased a new position in Salesforce during the first quarter worth about $874,748,000. Veritas Asset Management LLP acquired a new stake in Salesforce in the third quarter valued at about $733,805,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Salesforce by 48.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,906,877 shares of the CRM provider’s stock valued at $1,518,658,000 after purchasing an additional 1,922,674 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $335.00 target price on shares of Salesforce in a research note on Thursday, August 29th. Erste Group Bank reissued a “hold” rating on shares of Salesforce in a report on Wednesday, September 11th. TD Cowen boosted their target price on shares of Salesforce from $285.00 to $290.00 and gave the stock a “hold” rating in a research report on Thursday, August 29th. Stifel Nicolaus raised their price objective on shares of Salesforce from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Northland Capmk raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $313.37.

Salesforce Trading Up 3.6 %

NYSE CRM opened at $321.95 on Friday. The company has a market cap of $307.78 billion, a P/E ratio of 55.99, a P/E/G ratio of 2.78 and a beta of 1.29. Salesforce, Inc. has a 12 month low of $208.84 and a 12 month high of $322.81. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. The company has a 50-day moving average of $277.76 and a 200-day moving average of $264.52.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, August 28th. The CRM provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.36 by $0.20. The firm had revenue of $9.33 billion during the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. Salesforce’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.63 earnings per share. As a group, equities analysts predict that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Wednesday, September 18th. Salesforce’s dividend payout ratio (DPR) is presently 27.83%.

Insiders Place Their Bets

In related news, CFO Amy E. Weaver sold 897 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $255,905.13. Following the completion of the sale, the chief financial officer now owns 52,930 shares of the company’s stock, valued at approximately $15,100,399.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sabastian Niles sold 2,484 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $244.81, for a total value of $608,108.04. Following the completion of the sale, the insider now directly owns 828 shares in the company, valued at approximately $202,702.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy E. Weaver sold 897 shares of the business’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $255,905.13. Following the transaction, the chief financial officer now owns 52,930 shares in the company, valued at approximately $15,100,399.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,573 shares of company stock worth $42,319,874 over the last three months. 3.20% of the stock is owned by insiders.

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.