Salesforce, Inc. (NYSE:CRM) Shares Bought by Blueprint Investment Partners LLC

Blueprint Investment Partners LLC increased its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,926 shares of the CRM provider's stock after purchasing an additional 1,026 shares during the quarter. Blueprint Investment Partners LLC's holdings in Salesforce were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in shares of Salesforce by 1.8% during the 3rd quarter. State Street Corp now owns 49,007,404 shares of the CRM provider's stock valued at $13,432,855,000 after buying an additional 864,193 shares during the last quarter. Geode Capital Management LLC raised its holdings in Salesforce by 1.3% in the third quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider's stock valued at $5,395,132,000 after acquiring an additional 257,501 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Salesforce by 1.4% during the 4th quarter. Fisher Asset Management LLC now owns 12,453,872 shares of the CRM provider's stock worth $4,163,703,000 after acquiring an additional 177,321 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Salesforce by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,066,354 shares of the CRM provider's stock valued at $2,028,164,000 after purchasing an additional 153,500 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Salesforce by 52.7% during the fourth quarter. Jennison Associates LLC now owns 4,433,785 shares of the CRM provider's stock worth $1,482,347,000 after purchasing an additional 1,530,572 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company's stock.

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Insiders Place Their Bets

In other news, CAO Sundeep G. Reddy sold 436 shares of the firm's stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, the chief accounting officer now owns 7,057 shares of the company's stock, valued at $2,344,899.96. This trade represents a 5.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider R David Schmaier sold 1,785 shares of the company's stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $344.00, for a total value of $614,040.00. Following the transaction, the insider now directly owns 19,116 shares in the company, valued at $6,575,904. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,660 shares of company stock worth $14,194,689. 3.20% of the stock is currently owned by company insiders.

Salesforce Trading Down 2.7 %

Salesforce stock traded down $7.68 during mid-day trading on Wednesday, hitting $280.93. The company's stock had a trading volume of 5,069,961 shares, compared to its average volume of 6,388,326. The stock has a market cap of $269.97 billion, a PE ratio of 46.21, a P/E/G ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day moving average of $312.15 and a 200-day moving average of $310.95.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRM. Truist Financial reaffirmed a "buy" rating and set a $400.00 price objective (up previously from $380.00) on shares of Salesforce in a research report on Wednesday, December 4th. Stifel Nicolaus decreased their price target on Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research report on Thursday, February 27th. Morgan Stanley lifted their price target on Salesforce from $330.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. KeyCorp upgraded shares of Salesforce from a "sector weight" rating to an "overweight" rating and set a $440.00 price target on the stock in a report on Friday, December 13th. Finally, Bank of America cut their price objective on shares of Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, Salesforce presently has an average rating of "Moderate Buy" and a consensus target price of $362.74.

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.