Salesforce, Inc. (NYSE:CRM) CFO Amy E. Weaver Sells 6,221 Shares

Salesforce, Inc. (NYSE:CRM - Get Free Report) CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $328.18, for a total value of $2,041,607.78. Following the completion of the sale, the chief financial officer now owns 46,750 shares of the company's stock, valued at $15,342,415. The trade was a 11.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Salesforce Trading Down 2.8 %

Shares of NYSE:CRM traded down $8.89 during trading on Friday, reaching $309.54. 7,325,114 shares of the company were exchanged, compared to its average volume of 6,248,783. The firm has a market capitalization of $296.23 billion, a PE ratio of 50.91, a P/E/G ratio of 2.63 and a beta of 1.31. The business's fifty day simple moving average is $334.23 and its 200-day simple moving average is $304.76. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00. 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 (NYSE:CRM - Get Free Report) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS 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 analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business posted $1.62 earnings per share. On average, research analysts anticipate that Salesforce, Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

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

Hedge Funds Weigh In On Salesforce

Institutional investors have recently bought and sold shares of the business. Bernard Wealth Management Corp. purchased a new position in Salesforce during the fourth quarter valued at approximately $25,000. Accredited Wealth Management LLC purchased a new position in Salesforce in the fourth quarter worth $27,000. Arlington Trust Co LLC grew its holdings in Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new position in Salesforce in the fourth quarter worth $30,000. Finally, Asset Planning Inc purchased a new position in Salesforce in the fourth quarter worth $31,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRM. Needham & Company LLC reiterated a "buy" rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, February 6th. Guggenheim lowered Salesforce from a "neutral" rating to a "sell" rating and set a $247.00 price target for the company. in a research note on Monday, January 6th. Wedbush reissued an "outperform" rating and set a $425.00 price objective on shares of Salesforce in a report on Wednesday, December 18th. Erste Group Bank raised shares of Salesforce from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Scotiabank increased their price objective on shares of Salesforce from $425.00 to $440.00 and gave the company a "sector outperform" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-two have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $375.53.

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.