Kraematon Investment Advisors Inc. Has $722,000 Holdings in Salesforce, Inc. (NYSE:CRM)

Kraematon Investment Advisors Inc. decreased its holdings in shares of Salesforce, Inc. (NYSE:CRM) by 5.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,416 shares of the CRM provider’s stock after selling 185 shares during the period. Kraematon Investment Advisors Inc.’s holdings in Salesforce were worth $722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CRM. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Salesforce by 374.1% during the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 128 shares of the CRM provider’s stock worth $27,000 after purchasing an additional 101 shares during the period. GHP Investment Advisors Inc. grew its position in shares of Salesforce by 30.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 270 shares of the CRM provider’s stock worth $36,000 after buying an additional 63 shares during the period. Live Oak Investment Partners acquired a new stake in shares of Salesforce in the 4th quarter valued at approximately $36,000. HBC Financial Services PLLC grew its holdings in Salesforce by 350.0% during the second quarter. HBC Financial Services PLLC now owns 225 shares of the CRM provider’s stock valued at $39,000 after purchasing an additional 175 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in Salesforce by 354.8% in the second quarter. SJS Investment Consulting Inc. now owns 191 shares of the CRM provider’s stock worth $40,000 after purchasing an additional 149 shares during the period. 77.52% of the stock is owned by institutional investors.

Insider Activity at Salesforce

In other Salesforce news, insider Parker Harris sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $209.85, for a total value of $262,312.50. Following the completion of the transaction, the insider now owns 101,790 shares of the company’s stock, valued at approximately $21,360,631.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Parker Harris sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $209.85, for a total transaction of $262,312.50. Following the sale, the insider now directly owns 101,790 shares in the company, valued at approximately $21,360,631.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Srinivas Tallapragada sold 10,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $225.73, for a total transaction of $2,257,300.00. Following the transaction, the insider now owns 57,443 shares of the company’s stock, valued at approximately $12,966,608.39. The disclosure for this sale can be found here. Insiders sold a total of 671,788 shares of company stock valued at $141,136,481 in the last 90 days. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Mizuho upped their price objective on shares of Salesforce from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. UBS Group boosted their price objective on Salesforce from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, August 31st. Barclays lifted their price target on shares of Salesforce from $245.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 31st. Wells Fargo & Company increased their price objective on shares of Salesforce from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 31st. Finally, Canaccord Genuity Group boosted their price objective on shares of Salesforce from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.28.

Salesforce Price Performance

NYSE CRM traded up $2.21 during trading hours on Monday, hitting $223.43. The company had a trading volume of 1,463,135 shares, compared to its average volume of 6,422,907. Salesforce, Inc. has a 52 week low of $126.34 and a 52 week high of $238.22. The firm has a 50 day simple moving average of $208.52 and a 200 day simple moving average of $211.92. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $217.40 billion, a price-to-earnings ratio of 139.13, a PEG ratio of 1.66 and a beta of 1.18.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 30th. The CRM provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.22. The business had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Salesforce had a return on equity of 7.67% and a net margin of 4.77%. Salesforce’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. Equities research analysts expect that Salesforce, Inc. will post 5.86 earnings per share for the current year.

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 relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.