Salesforce, Inc. (NYSE:CRM) Insider R David Schmaier Sells 4,586 Shares

Salesforce, Inc. (NYSE:CRM - Get Free Report) insider R David Schmaier sold 4,586 shares of the company's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $253.66, for a total transaction of $1,163,284.76. Following the completion of the transaction, the insider now directly owns 33,273 shares of the company's stock, valued at approximately $8,440,029.18. The trade was a 12.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Wednesday, April 16th, R David Schmaier sold 6,959 shares of Salesforce stock. The shares were sold at an average price of $253.31, for a total value of $1,762,784.29.
• On Wednesday, March 26th, R David Schmaier sold 1,785 shares of Salesforce stock. The stock was sold at an average price of $288.34, for a total value of $514,686.90.

Salesforce Price Performance

CRM stock traded up $13.81 during midday trading on Thursday, reaching $264.29. The company had a trading volume of 7,846,607 shares, compared to its average volume of 6,797,020. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. The stock has a 50 day moving average price of $276.19 and a 200-day moving average price of $308.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $253.98 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 2.58 and a beta of 1.38.

Salesforce Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th will be paid a $0.42 dividend. This is an increase from Salesforce's previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, April 10th. Salesforce's dividend payout ratio (DPR) is presently 26.10%.

Analysts Set New Price Targets

A number of research firms have weighed in on CRM. Loop Capital reduced their price target on Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a research report on Thursday, February 27th. Robert W. Baird reduced their target price on shares of Salesforce from $430.00 to $400.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Morgan Stanley lowered their price target on shares of Salesforce from $405.00 to $393.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Stephens initiated coverage on shares of Salesforce in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $311.00 price objective for the company. Finally, Cantor Fitzgerald began coverage on Salesforce in a research report on Wednesday. They issued an "overweight" rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $355.19.

Institutional Investors Weigh In On Salesforce

Several hedge funds and other institutional investors have recently made changes to their positions in CRM. Norges Bank bought a new position in shares of Salesforce in the 4th quarter valued at $3,599,867,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Salesforce by 926.4% in the fourth 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 last quarter. GAMMA Investing LLC boosted its stake in shares of Salesforce by 30,456.9% during the first quarter. GAMMA Investing LLC now owns 3,801,588 shares of the CRM provider's stock valued at $1,020,194,000 after purchasing an additional 3,789,147 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Salesforce during the fourth quarter worth about $1,173,564,000. Finally, Invesco Ltd. increased its stake in shares of Salesforce by 42.5% in the fourth quarter. Invesco Ltd. now owns 7,791,015 shares of the CRM provider's stock valued at $2,604,770,000 after buying an additional 2,325,156 shares during the period. 80.43% of the stock is owned by institutional investors.

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.

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