Salesforce, Inc. (NYSE:CRM) Shares Bought by Regent Peak Wealth Advisors LLC

Regent Peak Wealth Advisors LLC grew its stake in Salesforce, Inc. (NYSE:CRM) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,447 shares of the CRM provider’s stock after buying an additional 84 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Salesforce were worth $818,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Diversified Trust Co grew its position in Salesforce by 30.4% during the fourth quarter. Diversified Trust Co now owns 15,899 shares of the CRM provider’s stock valued at $5,316,000 after buying an additional 3,706 shares during the period. Canandaigua National Bank & Trust Co. grew its position in shares of Salesforce by 3.1% during the 4th quarter. Canandaigua National Bank & Trust Co. now owns 11,332 shares of the CRM provider’s stock valued at $3,789,000 after acquiring an additional 344 shares during the period. Capital Market Strategies LLC purchased a new position in shares of Salesforce in the 4th quarter valued at about $230,000. Neville Rodie & Shaw Inc. raised its holdings in Salesforce by 4.2% in the 4th quarter. Neville Rodie & Shaw Inc. now owns 53,311 shares of the CRM provider’s stock worth $17,823,000 after purchasing an additional 2,160 shares during the period. Finally, CWA Asset Management Group LLC boosted its position in Salesforce by 14.1% during the fourth quarter. CWA Asset Management Group LLC now owns 15,708 shares of the CRM provider’s stock worth $5,252,000 after purchasing an additional 1,936 shares in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $344.00, for a total value of $614,040.00. Following the transaction, the insider now directly owns 19,116 shares in the company, valued at approximately $6,575,904. The trade was a 8.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Sundeep G. Reddy sold 413 shares of the company’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $117,824.77. Following the completion of the sale, the chief accounting officer now directly owns 7,006 shares of the company’s stock, valued at $1,998,741.74. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,181,817 shares of company stock valued at $404,760,429 over the last quarter. Company insiders own 3.20% of the company’s stock.

Salesforce Stock Down 1.1 %

CRM stock traded down $3.66 during trading on Tuesday, hitting $326.87. 2,321,970 shares of the company’s stock were exchanged, compared to its average volume of 4,243,944. The stock has a market capitalization of $312.81 billion, a price-to-earnings ratio of 53.76, a PEG ratio of 3.21 and a beta of 1.30. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average price of $333.53 and a two-hundred day moving average price of $287.43.

Salesforce (NYSE:CRM) last issued its earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the previous year, the company posted $1.62 EPS. The company’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Salesforce, Inc. will post 7.48 EPS for the current year.

Salesforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be paid a dividend of $0.40 per share. The ex-dividend date is Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 0.49%. Salesforce’s dividend payout ratio is presently 26.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRM shares. Northland Securities reissued an “outperform” rating and issued a $440.00 price target (up previously from $400.00) on shares of Salesforce in a report on Wednesday, December 4th. Guggenheim cut shares of Salesforce from a “neutral” rating to a “sell” rating and set a $247.00 target price for the company. in a research note on Monday. Cfra set a $343.00 price target on shares of Salesforce in a research note on Thursday, October 17th. JMP Securities reiterated a “market outperform” rating and set a $450.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. Finally, Canaccord Genuity Group lifted their price target on Salesforce from $315.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $375.39.

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.