Salesforce, Inc. (NYSE:CRM) Stock Holdings Trimmed by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT reduced its stake in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,832 shares of the CRM provider's stock after selling 1,431 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Salesforce were worth $17,998,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Nvest Financial LLC grew its position in Salesforce by 1.1% in the 4th quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock valued at $938,000 after buying an additional 31 shares during the last quarter. OMC Financial Services LTD lifted its stake in shares of Salesforce by 0.3% in the 4th quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock worth $3,808,000 after acquiring an additional 31 shares during the period. Sachetta LLC boosted its holdings in shares of Salesforce by 0.3% in the fourth quarter. Sachetta LLC now owns 11,018 shares of the CRM provider's stock valued at $3,684,000 after acquiring an additional 32 shares in the last quarter. Prossimo Advisors LLC increased its stake in shares of Salesforce by 1.0% during the fourth quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock worth $1,125,000 after acquiring an additional 32 shares during the period. Finally, Aviance Capital Partners LLC raised its holdings in Salesforce by 0.5% during the third quarter. Aviance Capital Partners LLC now owns 6,797 shares of the CRM provider's stock worth $1,860,000 after purchasing an additional 33 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Salesforce Stock Down 2.8 %

NYSE:CRM traded down $8.89 during mid-day trading on Friday, hitting $309.54. The company had a trading volume of 7,341,387 shares, compared to its average volume of 6,249,096. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The business has a fifty day simple moving average of $334.23 and a 200-day simple moving average of $304.76. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $296.23 billion, a price-to-earnings ratio of 50.91, a PEG ratio of 2.63 and a beta of 1.31.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business's revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.62 earnings per share. Equities analysts forecast that Salesforce, Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.52%. Salesforce's dividend payout ratio (DPR) is presently 26.32%.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of analyst reports. Scotiabank lifted their price objective on Salesforce from $425.00 to $440.00 and gave the company a "sector outperform" rating in a report on Wednesday, December 4th. DA Davidson lifted their price target on Salesforce from $250.00 to $300.00 and gave the company a "neutral" rating in a research note on Tuesday, December 3rd. Oppenheimer reiterated an "outperform" rating and issued a $415.00 price objective (up previously from $385.00) on shares of Salesforce in a research report on Wednesday, December 4th. JPMorgan Chase & Co. boosted their target price on shares of Salesforce from $340.00 to $380.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $405.00 price target on shares of Salesforce in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Salesforce presently has a consensus rating of "Moderate Buy" and a consensus price target of $375.53.

Insider Activity at Salesforce

In other news, CAO Sundeep G. Reddy sold 436 shares of the firm's stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the completion of the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at $2,344,899.96. This trade represents a 5.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Miguel Milano sold 719 shares of Salesforce stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $342.81, for a total value of $246,480.39. Following the sale, the insider now directly owns 4,659 shares in the company, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,102,833 shares of company stock valued at $381,389,136. Corporate insiders own 3.20% of the company's stock.

Salesforce 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.