Salesforce, Inc. (NYSE:CRM) COO Brian Millham Sells 1,678 Shares of Stock

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 1,678 shares of Salesforce stock in a transaction on Monday, June 24th. The stock was sold at an average price of $242.32, for a total transaction of $406,612.96. Following the sale, the chief operating officer now directly owns 1,662 shares of the company’s stock, valued at approximately $402,735.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Wednesday, May 22nd, Brian Millham sold 6,162 shares of Salesforce stock. The stock was sold at an average price of $283.41, for a total transaction of $1,746,372.42.
• On Wednesday, May 15th, Brian Millham sold 2,106 shares of Salesforce stock. The stock was sold at an average price of $280.00, for a total transaction 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 transaction of $1,168,712.00.
• On Monday, April 22nd, Brian Millham sold 5,801 shares of Salesforce stock. The shares were sold at an average price of $279.10, for a total transaction of $1,619,059.10.
• On Monday, April 1st, Brian Millham sold 24,453 shares of Salesforce stock. The shares were sold at an average price of $302.08, for a total transaction of $7,386,762.24.

Salesforce Stock Down 2.1 %

Salesforce stock opened at $239.84 on Tuesday. The stock has a market cap of $232.40 billion, a P/E ratio of 43.14, a P/E/G ratio of 2.12 and a beta of 1.25. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a twelve month low of $193.68 and a twelve month high of $318.71. The company’s 50-day moving average price is $261.81 and its two-hundred day moving average price is $276.63.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bear Mountain Capital Inc. acquired a new position in shares of Salesforce during the 4th quarter worth approximately $26,000. Signature Resources Capital Management LLC acquired a new position in shares of Salesforce during the 4th quarter worth approximately $26,000. Ruedi Wealth Management Inc. grew its position in shares of Salesforce by 186.7% during the 1st quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock worth $26,000 after purchasing an additional 56 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Salesforce during the 4th quarter worth approximately $31,000. Finally, Pacifica Partners Inc. grew its position in shares of Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. 80.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer decreased their price target on shares of Salesforce from $325.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. Evercore ISI decreased their price target on shares of Salesforce from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Thursday, May 30th. KeyCorp started coverage on shares of Salesforce in a research note on Thursday, March 21st. They issued a “sector weight” rating for the company. Truist Financial reaffirmed a “buy” rating and issued a $300.00 target price (down from $360.00) on shares of Salesforce in a research note on Thursday, May 30th. Finally, Raymond James reaffirmed a “strong-buy” rating and issued a $325.00 target price (down from $380.00) on shares of Salesforce in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average target price of $292.79.

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.