Salesforce, Inc. (NYSE:CRM) Shares Sold by Vickerman Investment Advisors Inc.

Vickerman Investment Advisors Inc. lowered its position in Salesforce, Inc. (NYSE:CRM - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,548 shares of the CRM provider's stock after selling 2,284 shares during the quarter. Salesforce makes up about 1.2% of Vickerman Investment Advisors Inc.'s holdings, making the stock its 22nd biggest holding. Vickerman Investment Advisors Inc.'s holdings in Salesforce were worth $4,530,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC acquired a new position in Salesforce in the third quarter valued at approximately $27,000. Arlington Trust Co LLC boosted its holdings in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after buying an additional 40 shares in the last quarter. Compass Financial Services Inc purchased a new position in shares of Salesforce in the 4th quarter valued at $30,000. Asset Planning Inc acquired a new stake in Salesforce during the 4th quarter worth $31,000. Finally, Collier Financial purchased a new stake in Salesforce in the fourth quarter valued at $32,000. Institutional investors and hedge funds own 80.43% of the company's stock.

Insider Activity

In other Salesforce news, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the sale, the chief accounting officer now owns 7,057 shares in the company, valued at approximately $2,344,899.96. This represents a 5.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy E. Weaver sold 6,221 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $343.00, for a total value of $2,133,803.00. Following the completion of the transaction, the chief financial officer now directly owns 53,861 shares of the company's stock, valued at approximately $18,474,323. This trade represents a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,762 shares of company stock worth $13,733,407 over the last ninety days. 3.20% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on CRM. Stifel Nicolaus cut their target price on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Wells Fargo & Company cut their price target on Salesforce from $345.00 to $310.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 27th. Wedbush reiterated an "outperform" rating and issued a $425.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. Stephens started coverage on shares of Salesforce in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $311.00 target price on the stock. Finally, Redburn Atlantic began coverage on shares of Salesforce in a research report on Wednesday, February 19th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have given a buy rating and five have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $362.74.

Salesforce Price Performance

NYSE CRM traded up $5.64 during trading hours on Monday, reaching $286.26. The company's stock had a trading volume of 6,762,989 shares, compared to its average volume of 6,386,651. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $275.10 billion, a PE ratio of 47.08, a PEG ratio of 2.58 and a beta of 1.35. The company's 50-day moving average is $312.85 and its two-hundred day moving average is $310.64. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00.

Salesforce 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.