Berkeley Capital Partners LLC Purchases 214 Shares of Salesforce, Inc. (NYSE:CRM)

Berkeley Capital Partners LLC raised its position in shares of Salesforce, Inc. (NYSE:CRM) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,524 shares of the CRM provider’s stock after purchasing an additional 214 shares during the quarter. Berkeley Capital Partners LLC’s holdings in Salesforce were worth $510,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Arlington Trust Co LLC grew its stake in shares of Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 40 shares during the period. Compass Financial Services Inc bought a new stake in shares of Salesforce during the 4th quarter valued at about $30,000. Asset Planning Inc bought a new stake in shares of Salesforce during the 4th quarter valued at about $31,000. Collier Financial bought a new stake in shares of Salesforce during the 4th quarter valued at about $32,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in shares of Salesforce during the 3rd quarter valued at about $27,000. 80.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CRM shares. Guggenheim restated a “sell” rating and set a $247.00 price target on shares of Salesforce in a research note on Thursday, February 27th. DA Davidson cut their price objective on Salesforce from $300.00 to $275.00 and set a “neutral” rating for the company in a research note on Thursday, February 27th. Piper Sandler reiterated an “overweight” rating on shares of Salesforce in a research note on Wednesday. Scotiabank cut their price objective on Salesforce from $400.00 to $345.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, Barclays boosted their price objective on Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $362.74.

Salesforce Stock Performance

NYSE:CRM opened at $279.44 on Thursday. The stock’s fifty day moving average is $315.19 and its 200 day moving average is $309.50. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The firm has a market capitalization of $268.54 billion, a PE ratio of 45.96, a PEG ratio of 2.58 and a beta of 1.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

Insider Activity at Salesforce

In related news, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total transaction of $144,874.08. Following the sale, the chief accounting officer now owns 7,057 shares in the company, valued at approximately $2,344,899.96. This represents a 5.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Amy E. Weaver sold 6,221 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $343.00, for a total value of $2,133,803.00. Following the sale, the chief financial officer now owns 53,861 shares in the company, valued at $18,474,323. The trade was a 10.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,609 shares of company stock worth $24,920,821. Company insiders own 3.20% of the company’s stock.

Salesforce 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.