Oliver Lagore Vanvalin Investment Group Decreases Stock Position in Salesforce, Inc. (NYSE:CRM)

Oliver Lagore Vanvalin Investment Group lowered its stake in Salesforce, Inc. (NYSE:CRM) by 35.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 102 shares of the CRM provider’s stock after selling 57 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in Salesforce were worth $27,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CRM. Walkner Condon Financial Advisors LLC grew its stake in shares of Salesforce by 2.9% in the third quarter. Walkner Condon Financial Advisors LLC now owns 2,633 shares of the CRM provider’s stock worth $534,000 after purchasing an additional 74 shares during the last quarter. Roman Butler Fullerton & Co. grew its stake in shares of Salesforce by 1.4% in the fourth quarter. Roman Butler Fullerton & Co. now owns 7,881 shares of the CRM provider’s stock worth $2,206,000 after purchasing an additional 105 shares during the last quarter. Pure Financial Advisors LLC bought a new stake in Salesforce during the 4th quarter valued at approximately $214,000. Riversedge Advisors LLC grew its holdings in shares of Salesforce by 21.7% during the 3rd quarter. Riversedge Advisors LLC now owns 2,353 shares of the CRM provider’s stock worth $477,000 after acquiring an additional 420 shares during the period. Finally, Lone Pine Capital LLC grew its holdings in shares of Salesforce by 47.5% during the 3rd quarter. Lone Pine Capital LLC now owns 2,499,630 shares of the CRM provider’s stock worth $506,875,000 after acquiring an additional 804,634 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Shares of Salesforce stock opened at $270.45 on Friday. Salesforce, Inc. has a one year low of $190.57 and a one year high of $318.71. The stock’s fifty day moving average is $297.28 and its 200 day moving average is $261.43. The stock has a market cap of $262.34 billion, a P/E ratio of 64.39, a P/E/G ratio of 2.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09.

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

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 14th were paid a $0.40 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.60 dividend on an annualized basis and a yield of 0.59%. Salesforce’s payout ratio is presently 9.52%.

Insiders Place Their Bets

In other news, CFO Amy E. Weaver sold 7,074 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $284.00, for a total transaction of $2,009,016.00. Following the completion of the transaction, the chief financial officer now owns 38,993 shares in the company, valued at $11,074,012. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Amy E. Weaver sold 7,074 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $284.00, for a total transaction of $2,009,016.00. Following the completion of the transaction, the chief financial officer now owns 38,993 shares in the company, valued at $11,074,012. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $276.83, for a total value of $4,152,450.00. Following the transaction, the chief executive officer now owns 12,857,327 shares of the company’s stock, valued at approximately $3,559,293,833.41. The disclosure for this sale can be found here. In the last quarter, insiders sold 628,184 shares of company stock worth $184,794,698. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. TheStreet upgraded Salesforce from a “c+” rating to a “b-” rating in a report on Friday, January 19th. Robert W. Baird upped their target price on Salesforce from $310.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. BMO Capital Markets upped their target price on Salesforce from $325.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Wedbush upped their target price on Salesforce from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Finally, Oppenheimer upped their price target on Salesforce from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Monday, February 12th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $307.87.

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