Salesforce, Inc. (NYSE:CRM) Shares Purchased by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its stake in Salesforce, Inc. (NYSE:CRM - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 54,988 shares of the CRM provider's stock after purchasing an additional 7,289 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in Salesforce were worth $18,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Douglass Winthrop Advisors LLC boosted its position in Salesforce by 0.5% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 10,546 shares of the CRM provider's stock valued at $3,526,000 after buying an additional 53 shares during the period. Holderness Investments Co. boosted its holdings in Salesforce by 10.8% in the fourth quarter. Holderness Investments Co. now owns 2,644 shares of the CRM provider's stock valued at $884,000 after purchasing an additional 258 shares during the period. Whittier Trust Co. boosted its holdings in Salesforce by 11.0% in the fourth quarter. Whittier Trust Co. now owns 119,976 shares of the CRM provider's stock valued at $40,110,000 after purchasing an additional 11,919 shares during the period. OLD Point Trust & Financial Services N A grew its stake in Salesforce by 1.3% during the 4th quarter. OLD Point Trust & Financial Services N A now owns 3,772 shares of the CRM provider's stock worth $1,261,000 after purchasing an additional 50 shares in the last quarter. Finally, BluePointe Capital Management LLC increased its holdings in Salesforce by 19.1% during the 4th quarter. BluePointe Capital Management LLC now owns 1,066 shares of the CRM provider's stock worth $357,000 after purchasing an additional 171 shares during the period. Hedge funds and other institutional investors own 80.43% of the company's stock.

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Salesforce Price Performance

CRM stock traded up $5.64 during trading on Monday, hitting $286.26. The stock had a trading volume of 6,762,989 shares, compared to its average volume of 6,386,649. The stock has a market cap of $275.10 billion, a price-to-earnings ratio of 47.08, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. 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 company's 50 day moving average price is $313.51 and its two-hundred day moving average price is $310.36. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup reiterated a "buy" rating on shares of Salesforce in a research note on Wednesday, March 19th. Guggenheim reaffirmed a "sell" rating and set a $247.00 price objective on shares of Salesforce in a research report on Thursday, February 27th. Wedbush reiterated an "outperform" rating and set a $425.00 target price on shares of Salesforce in a research note on Wednesday, December 18th. Bank of America cut their price target on Salesforce from $440.00 to $400.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Finally, Northland Securities reaffirmed an "outperform" rating and set a $440.00 price objective (up from $400.00) on shares of Salesforce in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $362.74.

Insider Transactions at Salesforce

In other Salesforce news, Director Robin L. Washington purchased 1,695 shares of the stock in a transaction on Friday, February 28th. The stock was bought at an average price of $294.61 per share, for a total transaction of $499,363.95. Following the acquisition, the director now directly owns 43,445 shares of the company's stock, valued at $12,799,331.45. This represents a 4.06 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $343.00, for a total transaction of $2,133,803.00. Following the transaction, the chief financial officer now owns 53,861 shares in the company, valued at approximately $18,474,323. The trade was a 10.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,762 shares of company stock worth $13,733,407 over the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

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.