Salesforce, Inc. (NYSE:CRM) Shares Sold by Houlihan Financial Resource Group Ltd.

Houlihan Financial Resource Group Ltd. decreased its holdings in Salesforce, Inc. (NYSE:CRM) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 11,707 shares of the CRM provider’s stock after selling 226 shares during the quarter. Salesforce makes up 1.7% of Houlihan Financial Resource Group Ltd.’s holdings, making the stock its 22nd biggest holding. Houlihan Financial Resource Group Ltd.’s holdings in Salesforce were worth $3,914,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRM. Infrastructure Capital Advisors LLC acquired a new position in Salesforce during the third quarter worth about $27,000. Arlington Trust Co LLC increased 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 purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new position in Salesforce during the fourth quarter worth approximately $30,000. Asset Planning Inc acquired a new position in Salesforce during the fourth quarter worth $31,000. Finally, Collier Financial acquired a new stake in shares of Salesforce in the 4th quarter worth $32,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRM. Loop Capital lowered their price target on shares of Salesforce from $330.00 to $300.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. Morgan Stanley increased their price target on shares of Salesforce from $330.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upped their price objective on Salesforce from $300.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Truist Financial reissued a “buy” rating and set a $400.00 target price (up previously from $380.00) on shares of Salesforce in a research note on Wednesday, December 4th. Finally, The Goldman Sachs Group increased their price target on Salesforce from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $362.74.

Salesforce Stock Up 2.0 %

CRM stock opened at $286.26 on Tuesday. The stock has a market capitalization of $275.10 billion, a PE ratio of 47.08, a price-to-earnings-growth ratio of 2.58 and a beta of 1.35. The company has a fifty day moving average of $312.85 and a 200-day moving average of $310.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00.

Insider Buying and Selling at Salesforce

In other news, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the transaction, the chief accounting officer now owns 7,057 shares in the company, valued at $2,344,899.96. This trade represents a 5.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider R David Schmaier sold 1,785 shares of the stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $344.00, for a total transaction of $614,040.00. Following the completion of the transaction, the insider now directly owns 19,116 shares of the company’s stock, valued at approximately $6,575,904. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,541 shares of company stock valued at $11,599,604. 3.20% of the stock is owned by corporate insiders.

Salesforce 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.