Srinivas Tallapragada Sells 10,000 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRMGet Free Report) insider Srinivas Tallapragada sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $285.20, for a total value of $2,852,000.00. Following the transaction, the insider now directly owns 60,416 shares in the company, valued at $17,230,643.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Srinivas Tallapragada also recently made the following trade(s):

  • On Monday, January 29th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The stock was sold at an average price of $283.12, for a total value of $2,831,200.00.
  • On Monday, January 22nd, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The stock was sold at an average price of $284.11, for a total value of $2,841,100.00.
  • On Tuesday, January 16th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The stock was sold at an average price of $270.28, for a total value of $2,702,800.00.
  • On Monday, January 8th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The stock was sold at an average price of $253.82, for a total value of $2,538,200.00.
  • On Tuesday, January 2nd, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The shares were sold at an average price of $258.58, for a total value of $2,585,800.00.
  • On Tuesday, December 26th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The shares were sold at an average price of $265.70, for a total value of $2,657,000.00.
  • On Monday, December 11th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The shares were sold at an average price of $251.82, for a total value of $2,518,200.00.
  • On Monday, December 4th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The shares were sold at an average price of $253.47, for a total value of $2,534,700.00.
  • On Monday, November 27th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The shares were sold at an average price of $225.32, for a total value of $2,253,200.00.
  • On Monday, November 20th, Srinivas Tallapragada sold 10,000 shares of Salesforce stock. The shares were sold at an average price of $223.11, for a total value of $2,231,100.00.

Salesforce Trading Up 1.1 %

NYSE CRM opened at $288.84 on Thursday. The company has a market capitalization of $279.60 billion, a price-to-earnings ratio of 109.83, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28. The firm’s fifty day moving average price is $267.02 and its 200 day moving average price is $231.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.04 and a quick ratio of 1.04. Salesforce, Inc. has a 12 month low of $159.65 and a 12 month high of $289.80.

Salesforce (NYSE:CRMGet Free Report) last announced its quarterly earnings data on Wednesday, November 29th. The CRM provider reported $2.11 EPS for the quarter, beating the consensus estimate of $2.05 by $0.06. Salesforce had a net margin of 7.63% and a return on equity of 9.19%. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.71 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Salesforce, Inc. will post 6.02 earnings per share for the current fiscal year.

Institutional Trading of Salesforce

Several institutional investors have recently added to or reduced their stakes in the business. Osterweis Capital Management Inc. increased its holdings in shares of Salesforce by 463.1% in the 2nd quarter. Osterweis Capital Management Inc. now owns 3,283 shares of the CRM provider’s stock valued at $694,000 after purchasing an additional 2,700 shares during the period. Pointe Capital Management LLC boosted its holdings in Salesforce by 370.0% in the second quarter. Pointe Capital Management LLC now owns 1,551 shares of the CRM provider’s stock valued at $328,000 after acquiring an additional 1,221 shares during the last quarter. Walkner Condon Financial Advisors LLC boosted its holdings in Salesforce by 2.9% in the third quarter. Walkner Condon Financial Advisors LLC now owns 2,633 shares of the CRM provider’s stock valued at $534,000 after acquiring an additional 74 shares during the last quarter. Bank of Hawaii boosted its holdings in Salesforce by 89.2% in the second quarter. Bank of Hawaii now owns 5,282 shares of the CRM provider’s stock valued at $1,116,000 after acquiring an additional 2,490 shares during the last quarter. Finally, Trivest Advisors Ltd boosted its holdings in Salesforce by 288.6% during the second quarter. Trivest Advisors Ltd now owns 952,000 shares of the CRM provider’s stock worth $201,120,000 after buying an additional 707,000 shares during the last quarter. Institutional investors own 77.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CRM shares. Evercore ISI increased their price objective on Salesforce from $275.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. JPMorgan Chase & Co. increased their target price on Salesforce from $240.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, November 30th. Oppenheimer increased their price objective on Salesforce from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, November 30th. Mizuho increased their price objective on Salesforce from $255.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, November 30th. Finally, Bank of America increased their target price on Salesforce from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, November 30th. Nine research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.64.

Get Our Latest Stock Analysis on CRM

About Salesforce

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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.

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Insider Buying and Selling by Quarter for Salesforce (NYSE:CRM)

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