2 weeks Ago By Defense World Staff
Silver Lake Advisory LLC purchased a new position in Salesforce, Inc. ( NYSE:CRM – Free Report ) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,060 shares of the CRM provider’s stock, valued at approximately $273,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ruedi Wealth Management Inc. increased its holdings in shares of Salesforce by 186.
7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock valued at $26,000 after acquiring an additional 56 shares during the period.
Piscataqua Savings Bank raised its holdings in 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 purchasing an additional 96 shares in the last quarter.
Clear Investment Research LLC lifted its position in shares of Salesforce by 816.7% during the second quarter. Clear Investment Research LLC now owns 110 shares of the CRM provider’s stock valued at $28,000 after buying an additional 98 shares during the last quarter.
Red Tortoise LLC bought a new stake in shares of Salesforce in the 1st quarter valued at about $33,000. Finally, Stephens Consulting LLC grew its position in shares of 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 buying an additional 125 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors.
Salesforce Stock Up 0.3 % Salesforce stock opened at $276.64 on Monday.
The business has a 50 day simple moving average of $256.26 and a 200-day simple moving average of $265.02.
Salesforce, Inc. has a 12 month low of $193.68 and a 12 month high of $318.
71. The stock has a market capitalization of $268.06 billion, a PE ratio of 49.
76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.29.
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 Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 18th will be paid a $0.
40 dividend. This represents a $1.60 annualized dividend and a yield of 0.
58%. The ex-dividend date of this dividend is Wednesday, September 18th. Salesforce’s dividend payout ratio is currently 28.
78%. Analysts Set New Price Targets A number of equities research analysts recently commented on the stock. Bank of America reissued a “buy” rating and set a $325.
00 target price on shares of Salesforce in a research report on Friday, September 6th. Piper Sandler upgraded Salesforce from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $268.00 to $325.
00 in a research note on Tuesday, September 24th. TD Cowen upped their target price on Salesforce from $285.00 to $290.
00 and gave the company a “hold” rating in a research report on Thursday, August 29th. DA Davidson boosted their price target on Salesforce from $230.00 to $250.
00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. Finally, BNP Paribas upgraded shares of Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and three have issued a strong buy rating to the company.
According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $308.03.
Read Our Latest Report on CRM Insider Buying and Selling at Salesforce In other news, CAO Sundeep G. Reddy sold 413 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $255.
78, for a total transaction of $105,637.14. Following the completion of the sale, the chief accounting officer now owns 6,431 shares of the company’s stock, valued at $1,644,921.
18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . In related news, CAO Sundeep G.
Reddy sold 413 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $255.78, for a total transaction of $105,637.
14. Following the transaction, the chief accounting officer now directly owns 6,431 shares in the company, valued at $1,644,921.18.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $252.
75, for a total transaction of $1,061,550.00. Following the completion of the sale, the insider now owns 116,693 shares of the company’s stock, valued at approximately $29,494,155.
75. The disclosure for this sale can be found here . In the last 90 days, insiders have sold 72,185 shares of company stock worth $18,708,571.
Corporate insiders own 3.20% of the company’s stock. 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. Recommended Stories Five stocks we like better than Salesforce How to buy stock: A step-by-step guide for beginners Simon Property REIT: A Safe Bet for Growth and Steady Dividends What is the Shanghai Stock Exchange Composite Index? CarMax’s Impressive Rally: What Investors Should Watch Next How to Read Stock Charts for Beginners MarketBeat Week in Review – 9/23 – 9/27 Want to see what other hedge funds are holding CRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Salesforce, Inc.
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