Corps Capital Advisors LLC Purchases Shares of 1,654 Salesforce, Inc. (NYSE:CRM)

Corps Capital Advisors LLC bought a new position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,654 shares of the CRM provider's stock, valued at approximately $553,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new position in shares of Salesforce during the third quarter worth approximately $204,000. Pictet North America Advisors SA bought a new stake in shares of Salesforce in the 3rd quarter worth $2,668,000. Tempus Wealth Planning LLC grew its position in Salesforce by 18.9% in the 3rd quarter. Tempus Wealth Planning LLC now owns 1,303 shares of the CRM provider's stock worth $357,000 after purchasing an additional 207 shares in the last quarter. BLB&B Advisors LLC lifted its position in shares of Salesforce by 24.8% during the 3rd quarter. BLB&B Advisors LLC now owns 44,537 shares of the CRM provider's stock worth $12,190,000 after buying an additional 8,858 shares in the last quarter. Finally, Segment Wealth Management LLC grew its holdings in shares of Salesforce by 6.7% in the third quarter. Segment Wealth Management LLC now owns 9,538 shares of the CRM provider's stock valued at $2,611,000 after acquiring an additional 596 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Buying and Selling at Salesforce

In related news, insider Miguel Milano sold 719 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $342.81, for a total transaction of $246,480.39. Following the transaction, the insider now directly owns 4,659 shares in the company, valued at $1,597,151.79. The trade was a 13.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction dated Thursday, January 23rd. The shares were 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 approximately $2,344,899.96. This trade represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,102,833 shares of company stock worth $381,389,136 over the last three months. Corporate insiders own 3.20% of the company's stock.

Salesforce Stock Down 3.0 %

NYSE:CRM traded down $9.66 during trading hours on Friday, reaching $308.77. The company's stock had a trading volume of 4,950,885 shares, compared to its average volume of 6,173,850. 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 market capitalization of $295.50 billion, a P/E ratio of 50.71, a price-to-earnings-growth ratio of 2.63 and a beta of 1.31. The stock has a 50 day moving average price of $334.23 and a two-hundred day moving average price of $304.76. Salesforce, Inc. has a 12 month low of $212.00 and a 12 month high of $369.00.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.35 billion. Salesforce had a net margin of 15.96% and a return on equity of 12.34%. Salesforce's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS. Equities analysts predict that Salesforce, Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Oppenheimer restated an "outperform" rating and set a $415.00 price target (up from $385.00) on shares of Salesforce in a research note on Wednesday, December 4th. Citigroup lifted their price target on Salesforce from $368.00 to $390.00 and gave the company a "neutral" rating in a research report on Wednesday, December 4th. Wells Fargo & Company upped their price objective on shares of Salesforce from $275.00 to $330.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 12th. Jefferies Financial Group boosted their price target on shares of Salesforce from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Finally, TD Cowen upgraded shares of Salesforce from a "hold" rating to a "buy" rating and raised their price objective for the company from $380.00 to $400.00 in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $375.53.

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.