Salesforce, Inc. (NYSE:CRM) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC lessened its stake in Salesforce, Inc. (NYSE:CRM) by 17.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 643 shares of the CRM provider’s stock after selling 133 shares during the period. Eagle Bay Advisors LLC’s holdings in Salesforce were worth $215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRM. Infrastructure Capital Advisors LLC acquired a new position in Salesforce during the 3rd quarter worth approximately $27,000. Clear Investment Research LLC increased its position in 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 purchasing an additional 98 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in Salesforce during the 2nd quarter worth approximately $33,000. Godsey & Gibb Inc. increased its position in Salesforce by 300.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 90 shares during the period. Finally, Annapolis Financial Services LLC increased its position in Salesforce by 135.6% during the 3rd quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock worth $38,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Down 0.1 %

NYSE CRM traded down $0.26 during trading hours on Monday, hitting $317.59. The company had a trading volume of 1,482,324 shares, compared to its average volume of 4,436,490. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The company has a market capitalization of $303.93 billion, a price-to-earnings ratio of 52.24, a P/E/G ratio of 3.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50 day moving average is $335.82 and its 200 day moving average is $289.73.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.35 billion. During the same quarter in the prior year, the company posted $1.62 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.50%. Salesforce’s dividend payout ratio is presently 26.32%.

Insider Activity

In other news, CAO Sundeep G. Reddy sold 413 shares of the stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $285.29, for a total transaction of $117,824.77. Following the transaction, the chief accounting officer now owns 7,006 shares of the company’s stock, valued at approximately $1,998,741.74. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Parker Harris sold 4,200 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $289.87, for a total transaction of $1,217,454.00. Following the transaction, the insider now directly owns 118,514 shares in the company, valued at $34,353,653.18. The trade was a 3.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,181,817 shares of company stock worth $404,760,429 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group boosted their target price on Salesforce from $275.00 to $360.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Northland Capmk upgraded Salesforce from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank upped their price target on Salesforce from $425.00 to $440.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Canaccord Genuity Group upped their price target on Salesforce from $315.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, JMP Securities restated a “market outperform” rating and issued a $450.00 price target on shares of Salesforce in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $376.05.

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.