Salesforce, Inc. (NYSE:CRM) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its holdings in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,473 shares of the CRM provider's stock after purchasing an additional 4,752 shares during the quarter. Foundations Investment Advisors LLC's holdings in Salesforce were worth $12,194,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CRM. Infrastructure Capital Advisors LLC purchased a new position in Salesforce during the third quarter worth $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Salesforce in the 2nd quarter worth about $33,000. Godsey & Gibb Inc. boosted its stake in shares of Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider's stock worth $33,000 after purchasing an additional 90 shares during the period. Annapolis Financial Services LLC grew its holdings in Salesforce by 135.6% during the 3rd quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider's stock valued at $38,000 after purchasing an additional 80 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in Salesforce in the 3rd quarter worth about $53,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Salesforce

In other news, insider Parker Harris sold 4,200 shares of the business's stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $298.04, for a total transaction of $1,251,768.00. Following the transaction, the insider now directly owns 119,402 shares in the company, valued at $35,586,572.08. The trade was a 3.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $290.23, for a total value of $145,115.00. Following the completion of the sale, the chief accounting officer now directly owns 6,506 shares of the company's stock, valued at approximately $1,888,236.38. This represents a 7.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,173,891 shares of company stock valued at $402,840,388. 3.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Loop Capital boosted their target price on Salesforce from $340.00 to $360.00 and gave the company a "hold" rating in a research report on Wednesday, December 4th. Morgan Stanley boosted their price objective on Salesforce from $330.00 to $405.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Macquarie reiterated a "neutral" rating and issued a $370.00 target price on shares of Salesforce in a research note on Wednesday, December 18th. Barclays boosted their target price on shares of Salesforce from $415.00 to $425.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets raised their price target on shares of Salesforce from $385.00 to $425.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $377.63.

Salesforce Price Performance

CRM stock traded up $13.38 during mid-day trading on Monday, reaching $347.26. 15,651,688 shares of the company's stock were exchanged, compared to its average volume of 5,908,955. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00. The stock's 50 day moving average is $336.73 and its 200 day moving average is $294.60. The company has a market cap of $332.33 billion, a price-to-earnings ratio of 57.12, a price-to-earnings-growth ratio of 3.01 and a beta of 1.30.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.35 billion. During the same quarter last year, the company earned $1.62 EPS. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts expect that Salesforce, Inc. will post 7.48 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared 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. This represents a $1.60 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Wednesday, December 18th. Salesforce's payout ratio is 26.32%.

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.