2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. lifted its stake in shares of Salesforce, Inc.
( NYSE:CRM – Free Report ) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,582 shares of the CRM provider’s stock after acquiring an additional 2,239 shares during the quarter.
B. Riley Wealth Advisors Inc.’s holdings in Salesforce were worth $7,349,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Ruedi Wealth Management Inc. boosted its position in Salesforce by 186.
7% during the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock worth $26,000 after purchasing an additional 56 shares during the period.
Piscataqua Savings Bank lifted its stake in shares of Salesforce by 2,400.0% in the second quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock worth $26,000 after buying an additional 96 shares during the last quarter.
Clear Investment Research LLC boosted its holdings in shares of Salesforce by 816.7% during the 2nd quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock worth $28,000 after buying an additional 98 shares during the period.
Red Tortoise LLC acquired a new position in Salesforce in the 1st quarter valued at $33,000. Finally, Stephens Consulting LLC raised its holdings in Salesforce by 3,125.0% in the 2nd quarter.
Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 125 shares during the period. Institutional investors own 80.43% of the company’s stock.
Insider Buying and Selling at Salesforce In other news, Director Maynard G. Webb, Jr. sold 9,170 shares of the business’s stock in a transaction dated Thursday, September 26th.
The stock was sold at an average price of $276.32, for a total transaction of $2,533,854.40.
Following the completion of the transaction, the director now directly owns 1,363 shares in the company, valued at approximately $376,624.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
In related news, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $255.
78, for a total transaction of $105,637.14. Following the sale, the chief accounting officer now owns 6,431 shares of the company’s stock, valued at approximately $1,644,921.
18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, Director Maynard G.
Webb, Jr. sold 9,170 shares of Salesforce stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $276.
32, for a total value of $2,533,854.40. Following the transaction, the director now owns 1,363 shares in the company, valued at $376,624.
16. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 72,185 shares of company stock valued at $18,708,571.
3.20% of the stock is currently owned by company insiders. Salesforce Stock Performance Salesforce ( NYSE:CRM – Get Free Report ) last announced its quarterly earnings data on Wednesday, August 28th.
The CRM provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.
20. Salesforce had a net margin of 15.44% and a return on equity of 12.
01%. The firm had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $9.
22 billion. During the same period last year, the firm earned $1.63 earnings per share.
The business’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts predict that Salesforce, Inc.
will post 7.54 earnings per share for the current year. Salesforce Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th.
Investors of record on Wednesday, September 18th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, September 18th.
This represents a $1.60 dividend on an annualized basis and a yield of 0.58%.
Salesforce’s dividend payout ratio is presently 28.78%. Analyst Ratings Changes CRM has been the subject of a number of recent analyst reports.
BMO Capital Markets upped their price target on shares of Salesforce from $265.00 to $305.00 and gave the company an “outperform” rating in a report on Thursday, August 29th.
Wells Fargo & Company raised their target price on Salesforce from $250.00 to $275.00 and gave the company an “equal weight” rating in a report on Thursday, August 29th.
Oppenheimer upped their price target on Salesforce from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th.
FBN Securities upgraded shares of Salesforce to a “strong-buy” rating in a research note on Thursday, August 29th. Finally, Citigroup boosted their target price on shares of Salesforce from $260.00 to $290.
00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Salesforce presently has an average rating of “Moderate Buy” and an average target price of $308.
03. Read Our Latest Report on Salesforce Salesforce Company Profile ( Free Report ) 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.
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