Brian Millham Sells 979 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM - Get Free Report) CEO Brian Millham sold 979 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $253.66, for a total transaction of $248,333.14. Following the sale, the chief executive officer now owns 6,487 shares of the company's stock, valued at $1,645,492.42. This trade represents a 13.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Brian Millham also recently made the following trade(s):

• On Monday, March 24th, Brian Millham sold 3,937 shares of Salesforce stock. The shares were sold at an average price of $284.58, for a total value of $1,120,391.46.

Salesforce Trading Down 0.8 %

Shares of CRM traded down $2.24 during trading hours on Monday, hitting $265.61. The company had a trading volume of 4,968,641 shares, compared to its average volume of 6,816,741. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock's 50 day moving average price is $273.75 and its 200 day moving average price is $308.54. The firm has a market cap of $255.25 billion, a P/E ratio of 43.69, a P/E/G ratio of 2.58 and a beta of 1.38. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 0.63%. This is an increase from Salesforce's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Salesforce's payout ratio is presently 26.10%.

Institutional Investors Weigh In On Salesforce

Several institutional investors have recently added to or reduced their stakes in CRM. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce in the fourth quarter worth about $25,000. Accredited Wealth Management LLC purchased a new stake in Salesforce in the 4th quarter worth approximately $27,000. Arlington Trust Co LLC grew its position 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 worth $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce during the fourth quarter valued at approximately $30,000. Finally, Asset Planning Inc bought a new stake in Salesforce in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRM shares. Jefferies Financial Group lowered their price objective on Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. TD Cowen upgraded shares of Salesforce from a "hold" rating to a "buy" rating and upped their price target for the company from $380.00 to $400.00 in a research note on Friday, January 17th. Piper Sandler cut their price objective on shares of Salesforce from $400.00 to $315.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Redburn Atlantic assumed coverage on shares of Salesforce in a report on Wednesday, February 19th. They set a "buy" rating on the stock. Finally, Canaccord Genuity Group cut their price target on Salesforce from $415.00 to $400.00 and set a "buy" rating for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of "Moderate Buy" and a consensus target price of $351.37.

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.