Salesforce Inc. (NYSE:CRM) Shares Bought by Compass Capital Corp MA ADV

Compass Capital Corp MA ADV boosted its position in shares of Salesforce Inc. (NYSE:CRM - Free Report) by 176.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,701 shares of the CRM provider's stock after buying an additional 1,085 shares during the quarter. Compass Capital Corp MA ADV's holdings in Salesforce were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. HCR Wealth Advisors grew its stake in shares of Salesforce by 25.9% during the first quarter. HCR Wealth Advisors now owns 1,691 shares of the CRM provider's stock valued at $454,000 after buying an additional 348 shares during the last quarter. Sterling Investment Counsel LLC boosted its holdings in Salesforce by 277.9% during the 1st quarter. Sterling Investment Counsel LLC now owns 4,316 shares of the CRM provider's stock valued at $1,158,000 after acquiring an additional 3,174 shares during the period. Hamilton Capital Partners LLC grew its position in Salesforce by 29.6% in the 1st quarter. Hamilton Capital Partners LLC now owns 29,181 shares of the CRM provider's stock valued at $7,831,000 after acquiring an additional 6,664 shares during the last quarter. Duncan Williams Asset Management LLC grew its position in Salesforce by 23.1% in the 1st quarter. Duncan Williams Asset Management LLC now owns 3,136 shares of the CRM provider's stock valued at $842,000 after acquiring an additional 589 shares during the last quarter. Finally, Premier Path Wealth Partners LLC increased its stake in Salesforce by 6.3% in the first quarter. Premier Path Wealth Partners LLC now owns 9,416 shares of the CRM provider's stock worth $2,527,000 after purchasing an additional 560 shares during the period. Institutional investors own 80.43% of the company's stock.

Salesforce Stock Down 1.4%

Shares of Salesforce stock traded down $3.78 during trading on Thursday, reaching $258.98. The company's stock had a trading volume of 7,623,720 shares, compared to its average volume of 6,535,521. The company has a 50-day simple moving average of $268.31 and a two-hundred day simple moving average of $298.72. Salesforce Inc. has a 1-year low of $230.00 and a 1-year high of $369.00. The company has a market cap of $247.59 billion, a price-to-earnings ratio of 40.53, a P/E/G ratio of 2.38 and a beta of 1.38. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 28th. The CRM provider reported $2.58 earnings per share for the quarter, topping analysts' consensus estimates of $2.55 by $0.03. Salesforce had a return on equity of 12.94% and a net margin of 16.08%. The business had revenue of $9.83 billion for the quarter, compared to analyst estimates of $9.74 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. The company's revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 0.64%. Salesforce's payout ratio is 25.98%.

Insiders Place Their Bets

In other Salesforce news, insider Miguel Milano sold 705 shares of Salesforce stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $279.44, for a total transaction of $197,005.20. Following the completion of the sale, the insider now owns 9,323 shares of the company's stock, valued at approximately $2,605,219.12. The trade was a 7.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Sundeep G. Reddy sold 1,909 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $284.58, for a total value of $543,263.22. Following the sale, the chief accounting officer now owns 11,310 shares in the company, valued at approximately $3,218,599.80. The trade was a 14.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,111 shares of company stock valued at $9,299,283. Insiders own 3.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CRM. Jefferies Financial Group lowered their target price on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Cantor Fitzgerald assumed coverage on shares of Salesforce in a report on Tuesday, June 3rd. They set an "overweight" rating and a $325.00 price objective for the company. Westpark Capital restated a "buy" rating and issued a $320.00 target price on shares of Salesforce in a research note on Wednesday, May 28th. Stifel Nicolaus reduced their target price on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th. Finally, The Goldman Sachs Group lifted their price target on shares of Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-eight have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $349.08.

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.