Sargent Investment Group LLC Buys 61 Shares of Salesforce, Inc. (NYSE:CRM)

Sargent Investment Group LLC raised its stake in shares of Salesforce, Inc. (NYSE:CRM) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,019 shares of the CRM provider’s stock after buying an additional 61 shares during the period. Sargent Investment Group LLC’s holdings in Salesforce were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Piscataqua Savings Bank lifted its holdings in Salesforce by 2,400.0% during the second quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Clear Investment Research LLC raised its position in shares of Salesforce by 816.7% during the 2nd quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 98 shares during the period. Stephens Consulting LLC lifted its stake in shares of Salesforce by 3,125.0% during the 2nd quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock valued at $33,000 after buying an additional 125 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in Salesforce in the 2nd quarter worth $33,000. Finally, Godsey & Gibb Inc. increased its stake in Salesforce by 300.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock worth $33,000 after buying an additional 90 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Salesforce news, insider Miguel Milano sold 2,934 shares of Salesforce stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $262.95, for a total value of $771,495.30. Following the transaction, the insider now directly owns 3,716 shares of the company’s stock, valued at approximately $977,122.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Miguel Milano sold 2,934 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $262.95, for a total value of $771,495.30. Following the completion of the transaction, the insider now directly owns 3,716 shares of the company’s stock, valued at approximately $977,122.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Parker Harris sold 4,200 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $262.97, for a total value of $1,104,474.00. Following the completion of the transaction, the insider now owns 117,581 shares in the company, valued at $30,920,275.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,373 shares of company stock worth $41,250,680 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Down 2.3 %

Salesforce stock traded down $7.73 during mid-day trading on Thursday, reaching $333.99. 3,044,483 shares of the company were exchanged, compared to its average volume of 6,295,478. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $319.29 billion, a P/E ratio of 58.18, a PEG ratio of 3.09 and a beta of 1.29. The business has a fifty day moving average of $283.28 and a 200 day moving average of $265.84. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $348.86.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The firm had revenue of $9.33 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the prior year, the business posted $1.63 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Research analysts anticipate that Salesforce, Inc. will post 7.55 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.48%. Salesforce’s dividend payout ratio (DPR) is presently 27.83%.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRM. Bank of America upped their price objective on Salesforce from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Wednesday. JMP Securities restated a “market outperform” rating and issued a $342.00 target price on shares of Salesforce in a report on Wednesday, August 28th. Royal Bank of Canada reissued an “outperform” rating and set a $300.00 price objective on shares of Salesforce in a research note on Thursday, September 19th. Evercore ISI reissued an “outperform” rating and set a $300.00 target price on shares of Salesforce in a research report on Monday, August 26th. Finally, Morgan Stanley boosted their price objective on shares of Salesforce from $320.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $318.23.

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.