Parametrica Management Ltd Has $3.07 Million Holdings in Salesforce, Inc. (NYSE:CRM)

Parametrica Management Ltd boosted its holdings in Salesforce, Inc. (NYSE:CRM) by 36.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,172 shares of the CRM provider’s stock after buying an additional 2,472 shares during the period. Salesforce accounts for approximately 4.1% of Parametrica Management Ltd’s holdings, making the stock its 7th largest position. Parametrica Management Ltd’s holdings in Salesforce were worth $3,066,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CRM. Infrastructure Capital Advisors LLC purchased a new position in shares of Salesforce during the third quarter valued at approximately $27,000. Arlington Trust Co LLC boosted its stake in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new position in shares of Salesforce in the fourth quarter valued at approximately $30,000. Asset Planning Inc bought a new stake in Salesforce during the fourth quarter worth $31,000. Finally, Collier Financial bought a new position in Salesforce in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, CEO Brian Millham sold 3,937 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $284.58, for a total transaction of $1,120,391.46. Following the sale, the chief executive officer now directly owns 5,518 shares of the company’s stock, valued at approximately $1,570,312.44. This trade represents a 41.64 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sundeep G. Reddy sold 436 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at $2,344,899.96. The trade was a 5.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,660 shares of company stock valued at $14,194,689. Insiders own 3.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Loop Capital reduced their target price on shares of Salesforce from $330.00 to $300.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. DA Davidson decreased their target price on shares of Salesforce from $300.00 to $275.00 and set a “neutral” rating on the stock in a report on Thursday, February 27th. KeyCorp raised Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 target price on the stock in a research note on Friday, December 13th. Scotiabank decreased their price objective on shares of Salesforce from $400.00 to $345.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 17th. Finally, Redburn Atlantic started coverage on Salesforce in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $362.74.

Salesforce Stock Up 0.9 %

Salesforce stock opened at $288.59 on Wednesday. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00. 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 stock has a market capitalization of $277.33 billion, a price-to-earnings ratio of 47.47, a PEG ratio of 2.58 and a beta of 1.35. The business has a fifty day moving average price of $312.15 and a 200-day moving average price of $310.95.

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.