Salesforce, Inc. (NYSE:CRM) Stock Holdings Decreased by First American Trust FSB

First American Trust FSB decreased its stake in shares of Salesforce, Inc. (NYSE:CRM) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,065 shares of the CRM provider’s stock after selling 42 shares during the period. First American Trust FSB’s holdings in Salesforce were worth $356,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of CRM. Arlington Trust Co LLC grew its position in shares of Salesforce by 85.1% in the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after acquiring an additional 40 shares in the last quarter. Compass Financial Services Inc bought a new position in Salesforce during the fourth quarter worth $30,000. Asset Planning Inc acquired a new position in Salesforce in the fourth quarter worth $31,000. Collier Financial bought a new stake in Salesforce during the fourth quarter valued at $32,000. Finally, Infrastructure Capital Advisors LLC acquired a new stake in shares of Salesforce during the third quarter worth $27,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Salesforce Price Performance

NYSE CRM opened at $288.59 on Wednesday. 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, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The company has a market cap of $277.33 billion, a PE ratio of 47.47, a PEG ratio of 2.58 and a beta of 1.35. The stock’s 50-day moving average price is $312.15 and its two-hundred day moving average price is $310.95.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Redburn Atlantic began coverage on shares of Salesforce in a report on Wednesday, February 19th. They issued a “buy” rating for the company. Morgan Stanley lifted their target price on Salesforce from $330.00 to $405.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. TD Cowen upgraded Salesforce from a “hold” rating to a “buy” rating and increased their price target for the stock from $380.00 to $400.00 in a research report on Friday, January 17th. Barclays boosted their price objective on Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Finally, JMP Securities restated a “market outperform” rating and set a $450.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $362.74.

Insider Activity

In other Salesforce news, Director Robin L. Washington purchased 1,695 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $294.61 per share, for a total transaction of $499,363.95. Following the completion of the acquisition, the director now owns 43,445 shares of the company’s stock, valued at $12,799,331.45. This represents a 4.06 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, the chief accounting officer now directly owns 7,057 shares of the company’s stock, valued at approximately $2,344,899.96. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,660 shares of company stock worth $14,194,689 over the last 90 days. 3.20% of the stock is owned by company insiders.

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.