Salesforce, Inc. (NYSE:CRM) Shares Bought by ORG Partners LLC

ORG Partners LLC increased its position in Salesforce, Inc. (NYSE:CRM) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,692 shares of the CRM provider’s stock after buying an additional 189 shares during the quarter. ORG Partners LLC’s holdings in Salesforce were worth $1,235,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Baker Tilly Wealth Management LLC lifted its holdings in Salesforce by 5.2% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 4,201 shares of the CRM provider’s stock valued at $1,405,000 after acquiring an additional 208 shares during the last quarter. Fortitude Family Office LLC raised its holdings in shares of Salesforce by 2.2% in the 4th quarter. Fortitude Family Office LLC now owns 2,603 shares of the CRM provider’s stock worth $870,000 after purchasing an additional 55 shares in the last quarter. Michael S. Ryan Inc. acquired a new stake in Salesforce during the fourth quarter valued at approximately $226,000. First Hawaiian Bank boosted its holdings in Salesforce by 16.7% during the fourth quarter. First Hawaiian Bank now owns 13,326 shares of the CRM provider’s stock worth $4,455,000 after buying an additional 1,906 shares in the last quarter. Finally, Douglas Lane & Associates LLC grew its position in Salesforce by 57.5% in the fourth quarter. Douglas Lane & Associates LLC now owns 142,741 shares of the CRM provider’s stock worth $47,723,000 after buying an additional 52,104 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Analyst Ratings Changes

CRM has been the subject of several research reports. Citigroup raised their price objective on Salesforce from $368.00 to $390.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Wedbush reiterated an “outperform” rating and issued a $425.00 price target on shares of Salesforce in a research report on Wednesday, December 18th. TD Cowen boosted their price objective on Salesforce from $290.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Macquarie reaffirmed a “neutral” rating and set a $370.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group lifted their target price on shares of Salesforce from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $376.05.

Salesforce Stock Performance

Shares of NYSE:CRM traded down $8.12 during midday trading on Friday, hitting $318.78. The company’s stock had a trading volume of 2,268,347 shares, compared to its average volume of 4,175,304. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. 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 capitalization of $305.07 billion, a price-to-earnings ratio of 52.43, a PEG ratio of 3.21 and a beta of 1.30. The stock’s 50 day simple moving average is $335.36 and its 200 day simple moving average is $288.53.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period in the prior year, the firm earned $1.62 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, research analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.60 annualized dividend and a yield of 0.50%. Salesforce’s dividend payout ratio is 26.32%.

Insider Transactions at Salesforce

In other news, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $289.87, for a total transaction of $1,217,454.00. Following the sale, the insider now directly owns 118,514 shares in the company, valued at approximately $34,353,653.18. The trade was a 3.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amy E. Weaver sold 897 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $255,905.13. Following the completion of the transaction, the chief financial officer now directly owns 52,930 shares of the company’s stock, valued at approximately $15,100,399.70. This trade represents a 1.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,181,817 shares of company stock worth $404,760,429. 3.20% of the stock is currently owned by company insiders.

About Salesforce

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.