771 Shares in Salesforce, Inc. (NYSE:CRM) Purchased by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC bought a new stake in Salesforce, Inc. (NYSE:CRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 771 shares of the CRM provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently made changes to their positions in the company. Capital World Investors boosted its holdings in shares of Salesforce by 2.4% during the 4th quarter. Capital World Investors now owns 19,561,325 shares of the CRM provider’s stock worth $5,147,402,000 after purchasing an additional 457,463 shares during the last quarter. Fisher Asset Management LLC boosted its stake 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 International Investors grew its holdings in Salesforce by 76.4% in the 4th quarter. Capital International Investors now owns 13,708,615 shares of the CRM provider’s stock valued at $3,607,493,000 after buying an additional 5,935,973 shares in the last quarter. Northern Trust Corp increased its stake in shares of Salesforce by 1.1% in the 3rd quarter. Northern Trust Corp now owns 11,195,108 shares of the CRM provider’s stock worth $2,270,144,000 after acquiring an additional 121,436 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Salesforce during the 4th quarter worth $2,762,331,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Salesforce

In other Salesforce news, Director G Mason Morfit acquired 428,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was acquired at an average price of $233.17 per share, with a total value of $99,796,760.00. Following the completion of the transaction, the director now directly owns 3,914,309 shares in the company, valued at $912,699,429.53. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director G Mason Morfit purchased 428,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was purchased at an average price of $233.17 per share, with a total value of $99,796,760.00. Following the completion of the transaction, the director now owns 3,914,309 shares of the company’s stock, valued at approximately $912,699,429.53. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 2,800 shares of Salesforce stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $240.40, for a total transaction of $673,120.00. Following the completion of the transaction, the insider now owns 115,762 shares in the company, valued at approximately $27,829,184.80. The disclosure for this sale can be found here. Insiders have sold a total of 615,470 shares of company stock valued at $172,557,838 over the last quarter. Insiders own 3.20% of the company’s stock.

Salesforce Stock Down 0.6 %

Salesforce stock opened at $230.49 on Tuesday. The firm has a market capitalization of $223.34 billion, a price-to-earnings ratio of 41.46, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71. The stock’s fifty day moving average is $267.36 and its two-hundred day moving average is $277.12.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.38 by $0.06. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. The company had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $9.15 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Analysts predict that Salesforce, Inc. will post 7.47 EPS for the current fiscal year.

Analyst Ratings Changes

CRM has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Salesforce from $310.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. KeyCorp assumed coverage on shares of Salesforce in a research report on Thursday, March 21st. They set a “sector weight” rating on the stock. StockNews.com lowered Salesforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 19th. Wedbush reduced their target price on Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $365.00 price target on shares of Salesforce in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.79.

About Salesforce

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.