180 Wealth Advisors LLC Purchases 227 Shares of Salesforce, Inc. (NYSE:CRM)

180 Wealth Advisors LLC raised its holdings in Salesforce, Inc. (NYSE:CRM) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,339 shares of the CRM provider’s stock after buying an additional 227 shares during the period. 180 Wealth Advisors LLC’s holdings in Salesforce were worth $3,457,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Infrastructure Capital Advisors LLC acquired a new stake in Salesforce during the 3rd quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of Salesforce during the 2nd quarter worth about $33,000. Godsey & Gibb Inc. grew its stake in Salesforce by 300.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 120 shares of the CRM provider’s stock valued at $33,000 after buying an additional 90 shares during the last quarter. Annapolis Financial Services LLC raised its holdings in Salesforce by 135.6% in the 3rd quarter. Annapolis Financial Services LLC now owns 139 shares of the CRM provider’s stock valued at $38,000 after acquiring an additional 80 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Salesforce in the 3rd quarter valued at about $53,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Salesforce news, CAO Sundeep G. Reddy sold 413 shares of the firm’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total value of $117,824.77. Following the completion of the sale, the chief accounting officer now owns 7,006 shares of the company’s stock, valued at approximately $1,998,741.74. This trade represents a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 317,105 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $346.78, for a total transaction of $109,965,671.90. Following the sale, the chief executive officer now owns 12,162,457 shares of the company’s stock, valued at $4,217,696,838.46. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,177,617 shares of company stock worth $403,542,975. 3.20% of the stock is currently owned by company insiders.

Salesforce Stock Performance

Shares of CRM stock opened at $323.31 on Wednesday. The stock has a market capitalization of $309.41 billion, a PE ratio of 53.18, a PEG ratio of 3.20 and a beta of 1.30. The business’s 50 day simple moving average is $336.76 and its 200 day simple moving average is $290.66. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.35 billion. During the same period last year, the business posted $1.62 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, research analysts forecast that Salesforce, Inc. will post 7.48 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date was Wednesday, December 18th. Salesforce’s dividend payout ratio is presently 26.32%.

Wall Street Analyst Weigh In

CRM has been the subject of a number of research reports. Canaccord Genuity Group lifted their target price on Salesforce from $315.00 to $415.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Guggenheim cut Salesforce from a “neutral” rating to a “sell” rating and set a $247.00 price target for the company. in a research note on Monday, January 6th. Royal Bank of Canada increased their price target on Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Wedbush reaffirmed an “outperform” rating and issued a $425.00 price objective on shares of Salesforce in a report on Wednesday, December 18th. Finally, DA Davidson increased their target price on Salesforce from $250.00 to $300.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.05.

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.