Salesforce, Inc. (NYSE:CRM) Insider R David Schmaier Sells 4,586 Shares

Salesforce, Inc. (NYSE:CRM - Get Free Report) insider R David Schmaier sold 4,586 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $253.66, for a total transaction of $1,163,284.76. Following the sale, the insider now owns 33,273 shares of the company's stock, valued at approximately $8,440,029.18. This represents a 12.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

R David Schmaier also recently made the following trade(s):

• On Wednesday, April 16th, R David Schmaier sold 6,959 shares of Salesforce stock. The stock was sold at an average price of $253.31, for a total value of $1,762,784.29.
• On Wednesday, March 26th, R David Schmaier sold 1,785 shares of Salesforce stock. The stock was sold at an average price of $288.34, for a total value of $514,686.90.

Salesforce Price Performance

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

Salesforce Increases Dividend

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

Institutional Trading of Salesforce

Large investors have recently bought and sold shares of the stock. Bernard Wealth Management Corp. bought a new stake in shares of Salesforce in the 4th quarter worth about $25,000. Accredited Wealth Management LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at $27,000. Arlington Trust Co LLC raised its holdings in shares of Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider's stock valued at $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new stake in Salesforce during the 4th quarter worth about $30,000. Finally, Asset Planning Inc acquired a new stake in Salesforce in the 4th quarter valued at about $31,000. 80.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRM has been the subject of several research reports. Stephens started coverage on Salesforce in a report on Wednesday, March 19th. They set an "equal weight" rating and a $311.00 price target for the company. TD Cowen raised shares of Salesforce from a "hold" rating to a "buy" rating and boosted their target price for the stock from $380.00 to $400.00 in a research report on Friday, January 17th. Stifel Nicolaus cut their price target on shares of Salesforce from $425.00 to $375.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. BMO Capital Markets reiterated an "outperform" rating on shares of Salesforce in a report on Wednesday, March 19th. Finally, DA Davidson restated an "underperform" rating and set a $200.00 target price on shares of Salesforce in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have assigned a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.