Salesforce, Inc. (NYSE:CRM) Insider R David Schmaier Sells 3,910 Shares

Salesforce, Inc. (NYSE:CRM - Get Free Report) insider R David Schmaier sold 3,910 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $274.77, for a total value of $1,074,350.70. Following the completion of the sale, the insider now owns 19,463 shares of the company's stock, valued at approximately $5,347,848.51. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Salesforce Price Performance

Shares of NYSE:CRM traded down $1.08 during trading on Wednesday, hitting $276.33. 4,198,638 shares of the company's stock were exchanged, compared to its average volume of 5,706,728. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.09 and a quick ratio of 1.09. Salesforce, Inc. has a 52-week low of $190.57 and a 52-week high of $318.71. The business's 50-day simple moving average is $298.35 and its 200 day simple moving average is $260.79. The company has a market cap of $268.04 billion, a price-to-earnings ratio of 65.90, a PEG ratio of 2.10 and a beta of 1.28.

Salesforce (NYSE:CRM - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analysts' expectations of $9.22 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The firm's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.01 EPS. As a group, equities analysts predict that Salesforce, Inc. will post 7.45 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.58%. The ex-dividend date was Wednesday, March 13th. Salesforce's dividend payout ratio is presently 9.52%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CRM shares. Evercore ISI boosted their price objective on Salesforce from $290.00 to $330.00 and gave the company an "outperform" rating in a research report on Thursday, February 29th. UBS Group upped their target price on Salesforce from $285.00 to $310.00 and gave the company a "neutral" rating in a report on Friday, February 16th. Oppenheimer upped their target price on Salesforce from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Monday, February 12th. Needham & Company LLC restated a "buy" rating and set a $345.00 target price on shares of Salesforce in a report on Monday. Finally, Wolfe Research restated an "outperform" rating and set a $365.00 target price on shares of Salesforce in a report on Tuesday. Nine investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce currently has a consensus rating of "Moderate Buy" and an average target price of $307.87.

Hedge Funds Weigh In On Salesforce

A number of institutional investors and hedge funds have recently modified their holdings of CRM. Bear Mountain Capital Inc. bought a new stake in shares of Salesforce during the 4th quarter worth approximately $26,000. Signature Resources Capital Management LLC bought a new stake in shares of Salesforce during the 4th quarter worth approximately $26,000. Aspect Partners LLC bought a new stake in shares of Salesforce during the 4th quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Salesforce during the 4th quarter worth approximately $31,000. Finally, Main Street Group LTD bought a new stake in shares of Salesforce during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.43% of the company's stock.

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.

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