Brian Millham Sells 2,037 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 2,037 shares of Salesforce stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $248.75, for a total value of $506,703.75. Following the completion of the sale, the chief operating officer now directly owns 1,947 shares of the company’s stock, valued at $484,316.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Wednesday, July 24th, Brian Millham sold 969 shares of Salesforce stock. The shares were sold at an average price of $253.63, for a total value of $245,767.47.
• On Friday, June 28th, Brian Millham sold 2,018 shares of Salesforce stock. The shares were sold at an average price of $260.00, for a total value of $524,680.00.
• On Monday, June 24th, Brian Millham sold 1,678 shares of Salesforce stock. The shares were sold at an average price of $242.32, for a total value of $406,612.96.
• On Wednesday, May 22nd, Brian Millham sold 6,162 shares of Salesforce stock. The shares were sold at an average price of $283.41, for a total value of $1,746,372.42.
• On Wednesday, May 15th, Brian Millham sold 2,106 shares of Salesforce stock. The shares were sold at an average price of $280.00, for a total value of $589,680.00.
• On Wednesday, April 24th, Brian Millham sold 4,204 shares of Salesforce stock. The stock was sold at an average price of $278.00, for a total value of $1,168,712.00.

Salesforce Price Performance

NYSE:CRM opened at $256.53 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50-day simple moving average is $251.65 and its 200 day simple moving average is $275.37. The company has a market cap of $248.58 billion, a P/E ratio of 46.14, a P/E/G ratio of 2.25 and a beta of 1.29. Salesforce, Inc. has a 52-week low of $193.68 and a 52-week high of $318.71.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. The business had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $9.15 billion. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. Salesforce’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.15 earnings per share. As a group, sell-side analysts forecast that Salesforce, Inc. will post 7.47 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date was Tuesday, July 9th. Salesforce’s dividend payout ratio (DPR) is presently 28.78%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRM. Truist Financial restated a “buy” rating and issued a $300.00 price target (down from $360.00) on shares of Salesforce in a research report on Thursday, May 30th. Wells Fargo & Company reduced their price target on Salesforce from $300.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 30th. Mizuho reduced their price target on Salesforce from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. Morgan Stanley reduced their price target on Salesforce from $350.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Finally, Barclays reduced their price target on Salesforce from $355.00 to $305.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $292.79.

Hedge Funds Weigh In On Salesforce

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in Salesforce by 1.2% during the first quarter. Vanguard Group Inc. now owns 84,635,254 shares of the CRM provider’s stock worth $25,490,446,000 after buying an additional 1,008,841 shares during the last quarter. Capital World Investors increased its position in Salesforce by 2.4% during the fourth quarter. Capital World Investors now owns 19,561,325 shares of the CRM provider’s stock worth $5,147,402,000 after buying an additional 457,463 shares during the last quarter. Fisher Asset Management LLC increased its position in Salesforce by 5.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,921,042 shares of the CRM provider’s stock worth $3,926,323,000 after buying an additional 752,566 shares during the last quarter. Capital Research Global Investors increased its position in Salesforce by 26.9% during the first quarter. Capital Research Global Investors now owns 14,376,536 shares of the CRM provider’s stock worth $4,329,925,000 after buying an additional 3,044,611 shares during the last quarter. Finally, Capital International Investors grew its position in shares of Salesforce by 3.0% in the first quarter. Capital International Investors now owns 14,116,449 shares of the CRM provider’s stock valued at $4,251,592,000 after purchasing an additional 407,834 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

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.