United Community Bank Has $1.02 Million Stock Holdings in Salesforce, Inc. (NYSE:CRM)

United Community Bank lifted its holdings in Salesforce, Inc. (NYSE:CRM) by 5.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,040 shares of the CRM provider’s stock after buying an additional 165 shares during the quarter. United Community Bank’s holdings in Salesforce were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CRM. Infrastructure Capital Advisors LLC bought a new stake in Salesforce in the 3rd quarter valued at approximately $27,000. Arlington Trust Co LLC lifted its stake in Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after acquiring an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new stake in Salesforce in the 4th quarter valued at approximately $30,000. Asset Planning Inc bought a new stake in Salesforce in the 4th quarter valued at approximately $31,000. Finally, Collier Financial bought a new stake in Salesforce in the 4th quarter valued at approximately $32,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Stock Performance

NYSE CRM opened at $282.74 on Friday. 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 firm has a market cap of $270.58 billion, a price-to-earnings ratio of 46.50, a PEG ratio of 2.58 and a beta of 1.35. The company has a fifty day moving average price of $323.68 and a 200-day moving average price of $308.50.

Analyst Upgrades and Downgrades

CRM has been the topic of several research reports. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Salesforce in a research note on Thursday, February 27th. Northland Securities restated an “outperform” rating and issued a $440.00 target price (up previously from $400.00) on shares of Salesforce in a research note on Wednesday, December 4th. Jefferies Financial Group upped their price objective on Salesforce from $400.00 to $425.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group dropped their price objective on Salesforce from $415.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, The Goldman Sachs Group boosted their target price on Salesforce from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-one have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $365.62.

Insider Transactions at Salesforce

In related news, COO Brian Millham sold 16,487 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $340.68, for a total value of $5,616,791.16. Following the transaction, the chief operating officer now directly owns 1,662 shares of the company’s stock, valued at approximately $566,210.16. The trade was a 90.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $301.00, for a total transaction of $1,872,521.00. Following the completion of the transaction, the chief financial officer now directly owns 46,750 shares in the company, valued at $14,071,750. This trade represents a 11.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,793 shares of company stock worth $383,156,227 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.

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.