Brian Millham Sells 1,679 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 1,679 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $305.46, for a total value of $512,867.34. Following the completion of the sale, the chief operating officer now directly owns 1,663 shares in the company, valued at $507,979.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Brian Millham also recently made the following trade(s):

• On Friday, March 22nd, Brian Millham sold 14,516 shares of Salesforce stock. The shares were sold at an average price of $309.32, for a total value of $4,490,089.12.
• On Thursday, February 22nd, Brian Millham sold 14,517 shares of Salesforce stock. The shares were sold at an average price of $292.50, for a total value of $4,246,222.50.
• On Wednesday, January 24th, Brian Millham sold 393 shares of Salesforce stock. The shares were sold at an average price of $280.00, for a total value of $110,040.00.
• On Monday, January 22nd, Brian Millham sold 14,515 shares of Salesforce stock. The shares were sold at an average price of $284.00, for a total value of $4,122,260.00.
• On Friday, January 19th, Brian Millham sold 293,965 shares of Salesforce stock. The shares were sold at an average price of $280.00, for a total value of $82,310,200.00.

Salesforce Stock Down 1.4 %

Shares of NYSE:CRM opened at $301.41 on Thursday. The stock has a market cap of $292.37 billion, a price-to-earnings ratio of 71.76, a PEG ratio of 2.35 and a beta of 1.28. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 12-month low of $187.31 and a 12-month high of $318.71. The business’s 50 day moving average is $293.59 and its 200 day moving average is $251.75.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, February 28th. The CRM provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. Salesforce’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, sell-side analysts forecast that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Investors of record on Thursday, March 14th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.53%. Salesforce’s dividend payout ratio (DPR) is currently 9.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Argus increased their target price on Salesforce from $290.00 to $354.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. BMO Capital Markets raised their price objective on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. JMP Securities raised their price objective on Salesforce from $293.00 to $342.00 and gave the stock a “market outperform” rating in a research report on Thursday, February 29th. Mizuho restated a “buy” rating and set a $345.00 price objective (up from $325.00) on shares of Salesforce in a research report on Thursday, February 29th. Finally, Wedbush raised their price objective on Salesforce from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Nine investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $304.32.

Institutional Trading of Salesforce

A number of hedge funds have recently bought and sold shares of CRM. Fairfield Bush & CO. lifted its holdings in Salesforce by 8.7% during the first quarter. Fairfield Bush & CO. now owns 4,468 shares of the CRM provider’s stock worth $949,000 after acquiring an additional 357 shares during the period. Roundview Capital LLC lifted its holdings in Salesforce by 18.8% during the first quarter. Roundview Capital LLC now owns 24,037 shares of the CRM provider’s stock worth $5,104,000 after acquiring an additional 3,809 shares during the period. Covestor Ltd lifted its holdings in Salesforce by 42.8% during the first quarter. Covestor Ltd now owns 621 shares of the CRM provider’s stock worth $132,000 after acquiring an additional 186 shares during the period. Ergoteles LLC bought a new stake in Salesforce during the first quarter worth $455,000. Finally, Mackenzie Financial Corp lifted its holdings in Salesforce by 21.3% during the first quarter. Mackenzie Financial Corp now owns 860,950 shares of the CRM provider’s stock worth $182,797,000 after acquiring an additional 151,440 shares during the period. 80.43% of the stock is currently owned by institutional investors.

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.