Salesforce, Inc. (NYSE:CRM) Shares Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors increased its holdings in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,050 shares of the CRM provider's stock after purchasing an additional 4,212 shares during the period. Salesforce accounts for 0.8% of Arkadios Wealth Advisors' holdings, making the stock its 20th biggest holding. Arkadios Wealth Advisors' holdings in Salesforce were worth $14,059,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Dakota Community Bank & Trust NA boosted its position in Salesforce by 32.5% during the fourth quarter. Dakota Community Bank & Trust NA now owns 591 shares of the CRM provider's stock valued at $198,000 after purchasing an additional 145 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in Salesforce by 68.8% in the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 7,765 shares of the CRM provider's stock worth $2,596,000 after purchasing an additional 3,164 shares in the last quarter. Retirement Wealth Solutions LLC purchased a new stake in shares of Salesforce during the fourth quarter valued at about $67,000. Brooklyn Investment Group boosted its holdings in shares of Salesforce by 6.0% in the 4th quarter. Brooklyn Investment Group now owns 7,594 shares of the CRM provider's stock valued at $2,539,000 after buying an additional 427 shares in the last quarter. Finally, Baker Chad R purchased a new position in shares of Salesforce in the 4th quarter worth approximately $2,939,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

CRM traded up $4.77 during midday trading on Friday, hitting $324.77. 6,283,814 shares of the company traded hands, compared to its average volume of 4,604,853. The business has a 50 day simple moving average of $337.25 and a two-hundred day simple moving average of $291.08. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The company has a market capitalization of $310.81 billion, a price-to-earnings ratio of 53.42, a PEG ratio of 2.87 and a beta of 1.30. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.35 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company's quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts forecast that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Wednesday, December 18th. Salesforce's dividend payout ratio is currently 26.32%.

Insider Buying and Selling at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 413 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total value of $117,824.77. Following the transaction, the chief accounting officer now directly owns 7,006 shares of the company's stock, valued at $1,998,741.74. This trade represents a 5.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Parker Harris sold 4,200 shares of the company's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $288.82, for a total value of $1,213,044.00. Following the completion of the sale, the insider now owns 118,514 shares of the company's stock, valued at $34,229,213.48. This trade represents a 3.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,183,838 shares of company stock worth $405,595,158. Corporate insiders own 3.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CRM shares. Stifel Nicolaus increased their target price on shares of Salesforce from $390.00 to $425.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. DA Davidson raised their price objective on Salesforce from $250.00 to $300.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on Salesforce from $275.00 to $330.00 and gave the stock an "equal weight" rating in a research note on Tuesday, November 12th. Citigroup increased their price target on Salesforce from $368.00 to $390.00 and gave the company a "neutral" rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets boosted their price target on Salesforce from $385.00 to $425.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and an average price target of $377.63.

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.