Salesforce, Inc. (NYSE:CRM) Shares Bought by Holistic Planning LLC

Holistic Planning LLC raised its stake in shares of Salesforce, Inc. (NYSE:CRM) by 22.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 888 shares of the CRM provider’s stock after buying an additional 164 shares during the period. Holistic Planning LLC’s holdings in Salesforce were worth $243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Duality Advisers LP acquired a new position in shares of Salesforce in the 1st quarter valued at $1,280,000. PFG Advisors raised its position in shares of Salesforce by 9.2% in the first quarter. PFG Advisors now owns 1,674 shares of the CRM provider’s stock worth $504,000 after acquiring an additional 141 shares during the period. Horizon Investment Services LLC boosted its stake in shares of Salesforce by 12.4% during the 1st quarter. Horizon Investment Services LLC now owns 11,243 shares of the CRM provider’s stock worth $3,386,000 after acquiring an additional 1,237 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in shares of Salesforce by 6.4% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,506 shares of the CRM provider’s stock valued at $454,000 after acquiring an additional 90 shares during the period. Finally, Reynders McVeigh Capital Management LLC increased its stake in shares of Salesforce by 12.4% in the 1st quarter. Reynders McVeigh Capital Management LLC now owns 905 shares of the CRM provider’s stock valued at $273,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Parker Harris sold 3,970 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $296.74, for a total value of $1,178,057.80. Following the sale, the insider now owns 119,402 shares in the company, valued at approximately $35,431,349.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Salesforce news, COO Brian Millham sold 60,522 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $300.00, for a total value of $18,156,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Parker Harris sold 3,970 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $296.74, for a total value of $1,178,057.80. Following the sale, the insider now directly owns 119,402 shares in the company, valued at $35,431,349.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 148,573 shares of company stock worth $42,319,874 over the last ninety days. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the topic of a number of recent analyst reports. DA Davidson increased their price target on Salesforce from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. BMO Capital Markets increased their target price on Salesforce from $265.00 to $305.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. FBN Securities raised shares of Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. Piper Sandler cut shares of Salesforce from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Bank of America reiterated a “buy” rating and issued a $325.00 target price on shares of Salesforce in a research report on Friday, September 6th. Nine research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $313.37.

Salesforce Stock Performance

NYSE CRM opened at $321.87 on Friday. The stock has a fifty day simple moving average of $277.76 and a 200-day simple moving average of $264.52. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15. The stock has a market cap of $307.71 billion, a PE ratio of 55.98, a P/E/G ratio of 2.70 and a beta of 1.29. Salesforce, Inc. has a twelve month low of $208.84 and a twelve month high of $322.81.

Salesforce (NYSE:CRM) last announced its earnings results on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.20. The company had revenue of $9.33 billion during the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a net margin of 15.44% and a return on equity of 12.01%. Salesforce’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. Equities analysts anticipate that Salesforce, Inc. will post 7.55 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 18th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Wednesday, September 18th. Salesforce’s payout ratio is 27.83%.

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.