1,081 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Jump Financial LLC

Jump Financial LLC bought a new stake in Salesforce, Inc. (NYSE:CRM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,081 shares of the CRM provider's stock, valued at approximately $361,000.

Several other large investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. purchased a new stake in Salesforce during the fourth quarter worth about $25,000. Arlington Trust Co LLC increased its stake in Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Compass Financial Services Inc purchased a new stake in Salesforce during the fourth quarter worth $30,000. Asset Planning Inc purchased a new position in shares of Salesforce in the fourth quarter valued at $31,000. Finally, Collier Financial purchased a new stake in shares of Salesforce in the 4th quarter worth about $32,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In other news, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $335.94, for a total value of $2,089,882.74. Following the completion of the transaction, the chief financial officer now owns 46,750 shares of the company's stock, valued at approximately $15,705,195. This represents a 11.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Sundeep G. Reddy sold 500 shares of Salesforce stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $335.94, for a total transaction of $167,970.00. Following the sale, the chief accounting officer now owns 6,557 shares in the company, valued at approximately $2,202,758.58. This represents a 7.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,051 shares of company stock valued at $15,027,714. Insiders own 3.20% of the company's stock.

Analyst Ratings Changes

CRM has been the topic of several recent research reports. Stephens began coverage on shares of Salesforce in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $311.00 price target on the stock. Wells Fargo & Company dropped their price target on Salesforce from $310.00 to $255.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Redburn Atlantic started coverage on shares of Salesforce in a research note on Wednesday, February 19th. They issued a "buy" rating for the company. DA Davidson reiterated an "underperform" rating and set a $200.00 price target on shares of Salesforce in a report on Monday, April 21st. Finally, Piper Sandler cut their price target on Salesforce from $400.00 to $315.00 and set an "overweight" rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $351.37.

Salesforce Stock Up 1.2 %

CRM traded up $3.17 during trading on Friday, hitting $267.87. The company had a trading volume of 5,649,322 shares, compared to its average volume of 6,824,128. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $257.42 billion, a PE ratio of 44.06, a P/E/G ratio of 2.58 and a beta of 1.38. The business has a 50-day moving average of $273.75 and a 200-day moving average of $308.41.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a dividend of $0.42 per share. This is a boost from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $1.68 annualized dividend and a dividend yield of 0.63%. Salesforce's dividend payout ratio (DPR) is presently 26.10%.

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.