Salesforce, Inc. (NYSE:CRM) COO Brian Millham Sells 2,018 Shares

Salesforce, Inc. (NYSE:CRM) COO Brian Millham sold 2,018 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $260.00, for a total transaction of $524,680.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 24th, Brian Millham sold 1,678 shares of Salesforce stock. The stock was 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 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.

Salesforce Stock Up 0.1 %

Shares of CRM opened at $256.42 on Wednesday. The stock’s 50-day moving average price is $259.43 and its two-hundred day moving average price is $276.46. Salesforce, Inc. has a 12 month low of $193.68 and a 12 month high of $318.71. The company has a market capitalization of $248.47 billion, a PE ratio of 46.13, a PEG ratio of 2.26 and a beta of 1.29. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. The company had revenue of $9.13 billion for the quarter, compared to analyst estimates of $9.15 billion. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 earnings per share. On average, analysts anticipate that Salesforce, Inc. will post 7.47 EPS for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Tuesday, July 9th. Salesforce’s dividend payout ratio (DPR) is presently 7.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRM shares. Evercore ISI decreased their target price on Salesforce from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, May 30th. Wedbush lowered their price objective on Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. Macquarie reduced their target price on shares of Salesforce from $330.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. Truist Financial reaffirmed a “buy” rating and set a $300.00 price target (down from $360.00) on shares of Salesforce in a research report on Thursday, May 30th. Finally, Oppenheimer cut their price objective 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. One research analyst has rated the stock with a sell rating, nine have assigned 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.79.

Hedge Funds Weigh In On Salesforce

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ruedi Wealth Management Inc. raised its position in shares of Salesforce by 186.7% in the 1st quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Bear Mountain Capital Inc. bought a new stake in Salesforce in the fourth quarter worth approximately $26,000. Signature Resources Capital Management LLC acquired a new position in Salesforce in the fourth quarter valued at approximately $26,000. Red Tortoise LLC bought a new position in shares of Salesforce during the 1st quarter worth approximately $33,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of Salesforce during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

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.