Salesforce, Inc. (NYSE:CRM) Shares Sold by Vickerman Investment Advisors Inc.

Vickerman Investment Advisors Inc. trimmed its holdings in Salesforce, Inc. (NYSE:CRM) by 14.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,548 shares of the CRM provider’s stock after selling 2,284 shares during the quarter. Salesforce comprises about 1.2% of Vickerman Investment Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Vickerman Investment Advisors Inc.’s holdings in Salesforce were worth $4,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRM. Foundations Investment Advisors LLC lifted its stake in Salesforce by 15.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider’s stock valued at $12,194,000 after buying an additional 4,752 shares during the last quarter. Nabity Jensen Investment Management Inc purchased a new stake in Salesforce in the third quarter valued at approximately $1,215,000. Athena Investment Management purchased a new stake in Salesforce in the fourth quarter valued at approximately $236,000. Highland Capital Management LLC purchased a new stake in Salesforce in the fourth quarter valued at approximately $4,321,000. Finally, Geode Capital Management LLC lifted its stake in Salesforce by 1.3% in the third quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider’s stock valued at $5,395,132,000 after buying an additional 257,501 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Down 0.1 %

Salesforce stock opened at $279.07 on Friday. The stock has a market cap of $268.19 billion, a PE ratio of 45.90, a P/E/G ratio of 2.58 and a beta of 1.35. The stock has a 50-day moving average price of $314.23 and a 200 day moving average price of $309.29. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRM. TD Cowen upgraded Salesforce from a “hold” rating to a “buy” rating and upped their price target for the stock from $380.00 to $400.00 in a research note on Friday, January 17th. JMP Securities restated a “market outperform” rating and set a $450.00 price target on shares of Salesforce in a research note on Wednesday, December 18th. Stephens began coverage on Salesforce in a research note on Wednesday. They set an “equal weight” rating and a $311.00 price target for the company. Truist Financial restated a “buy” rating and set a $400.00 price target (up previously from $380.00) on shares of Salesforce in a research note on Wednesday, December 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Salesforce in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have issued a buy rating and five have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $362.74.

Insider Buying and Selling

In other Salesforce news, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $344.00, for a total value of $614,040.00. Following the completion of the sale, the insider now owns 19,116 shares in the company, valued at $6,575,904. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Brian Millham sold 16,487 shares of Salesforce 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 completion of the sale, the chief operating officer now owns 1,662 shares of the company’s stock, valued at $566,210.16. This trade represents a 90.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,256 shares of company stock worth $19,692,357. 3.20% of the stock is 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.