Salesforce, Inc. (NYSE:CRM) Insider R David Schmaier Sells 6,959 Shares

Salesforce, Inc. (NYSE:CRM - Get Free Report) insider R David Schmaier sold 6,959 shares of Salesforce stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $253.31, for a total transaction of $1,762,784.29. Following the sale, the insider now owns 36,090 shares in the company, valued at approximately $9,141,957.90. This represents a 16.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

R David Schmaier also recently made the following trade(s):

• On Wednesday, March 26th, R David Schmaier sold 1,785 shares of Salesforce stock. The shares were sold at an average price of $288.34, for a total transaction of $514,686.90.

Salesforce Stock Performance

Shares of CRM traded down $11.21 during mid-day trading on Monday, hitting $236.05. The company's stock had a trading volume of 8,850,833 shares, compared to its average volume of 6,793,019. The firm has a market capitalization of $226.84 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The stock's 50-day moving average is $281.23 and its two-hundred day moving average is $309.80. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 10th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Salesforce's previous quarterly dividend of $0.40. Salesforce's dividend payout ratio (DPR) is presently 26.10%.

Institutional Trading of Salesforce

Several institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of Salesforce during the 4th quarter worth about $3,599,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Salesforce by 926.4% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,256,211 shares of the CRM provider's stock valued at $1,422,979,000 after purchasing an additional 3,841,521 shares during the period. GAMMA Investing LLC raised its holdings in shares of Salesforce by 30,456.9% in the 1st quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock worth $1,020,194,000 after buying an additional 3,789,147 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Salesforce in the 4th quarter valued at $1,173,564,000. Finally, Invesco Ltd. lifted its holdings in shares of Salesforce by 42.5% during the fourth quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock valued at $2,604,770,000 after acquiring an additional 2,325,156 shares during the period. Institutional investors and hedge funds own 80.43% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler reiterated an "overweight" rating on shares of Salesforce in a research report on Wednesday, March 19th. Citigroup reissued a "buy" rating on shares of Salesforce in a report on Wednesday, March 19th. Guggenheim raised shares of Salesforce from a "sell" rating to a "neutral" rating in a research note on Monday. Stifel Nicolaus dropped their price target on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of Salesforce in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty have given a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat.com, Salesforce has an average rating of "Moderate Buy" and an average target price of $358.97.

Salesforce Company 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.