Salesforce, Inc. (NYSE:CRM) Shares Sold by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC reduced its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,389 shares of the CRM provider's stock after selling 15,454 shares during the period. Salesforce comprises about 1.7% of Signature Estate & Investment Advisors LLC's investment portfolio, making the stock its 14th largest holding. Signature Estate & Investment Advisors LLC's holdings in Salesforce were worth $68,668,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Nvest Financial LLC lifted its position in Salesforce by 1.1% in the 4th quarter. Nvest Financial LLC now owns 2,806 shares of the CRM provider's stock valued at $938,000 after acquiring an additional 31 shares in the last quarter. OMC Financial Services LTD boosted its holdings in Salesforce by 0.3% during the 4th quarter. OMC Financial Services LTD now owns 11,390 shares of the CRM provider's stock worth $3,808,000 after acquiring an additional 31 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Salesforce by 4.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 787 shares of the CRM provider's stock worth $263,000 after purchasing an additional 31 shares in the last quarter. Sachetta LLC grew its holdings in shares of Salesforce by 0.3% in the fourth quarter. Sachetta LLC now owns 11,018 shares of the CRM provider's stock valued at $3,684,000 after acquiring an additional 32 shares in the last quarter. Finally, Prossimo Advisors LLC increased its position in shares of Salesforce by 1.0% during the 4th quarter. Prossimo Advisors LLC now owns 3,366 shares of the CRM provider's stock valued at $1,125,000 after purchasing an additional 32 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of analysts have issued reports on CRM shares. Truist Financial reissued a "buy" rating and issued a $400.00 target price (up from $380.00) on shares of Salesforce in a research report on Wednesday, December 4th. Loop Capital cut their price target on shares of Salesforce from $330.00 to $300.00 and set a "hold" rating for the company in a report on Thursday, February 27th. Guggenheim reissued a "sell" rating and issued a $247.00 price target on shares of Salesforce in a research note on Thursday, February 27th. Morgan Stanley upped their target price on shares of Salesforce from $330.00 to $405.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Finally, Piper Sandler reissued an "overweight" rating on shares of Salesforce in a report on Wednesday, March 19th. One research 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $362.74.

Insider Buying and Selling

In related news, CFO Amy E. Weaver sold 897 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $298,055.16. Following the completion of the sale, the chief financial officer now owns 46,750 shares in the company, valued at $15,534,090. This represents a 1.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 3,273 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $284.58, for a total value of $931,430.34. Following the transaction, the insider now directly owns 125,146 shares in the company, valued at approximately $35,614,048.68. This represents a 2.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,875 shares of company stock worth $13,580,649 in the last ninety days. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Down 0.9 %

Shares of NYSE CRM traded down $2.54 during midday trading on Thursday, hitting $278.45. 1,927,712 shares of the company's stock were exchanged, compared to its average volume of 6,871,920. 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 twelve month low of $212.00 and a twelve month high of $369.00. The firm's fifty day simple moving average is $311.35 and its 200-day simple moving average is $310.74. The company has a market cap of $267.59 billion, a PE ratio of 45.80, a P/E/G ratio of 2.58 and a beta of 1.35.

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.