Salesforce, Inc. (NYSE:CRM) is ATOMVEST Ltd’s Largest Position

ATOMVEST Ltd lifted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 97.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 87,300 shares of the CRM provider’s stock after acquiring an additional 43,100 shares during the quarter. Salesforce makes up approximately 40.5% of ATOMVEST Ltd’s holdings, making the stock its biggest holding. ATOMVEST Ltd’s holdings in Salesforce were worth $29,187,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC acquired a new position in Salesforce during the third quarter worth about $27,000. Arlington Trust Co LLC raised its holdings in shares of Salesforce by 85.1% in the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after buying an additional 40 shares during the last quarter. Compass Financial Services Inc purchased a new position in shares of Salesforce during the 4th quarter worth approximately $30,000. Asset Planning Inc purchased a new stake in shares of Salesforce during the 4th quarter worth approximately $31,000. Finally, Collier Financial acquired a new stake in Salesforce during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity at Salesforce

In related news, CFO Amy E. Weaver sold 897 shares of Salesforce stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $298,055.16. Following the sale, the chief financial officer now owns 46,750 shares of the company’s stock, valued at approximately $15,534,090. This trade represents a 1.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider R David Schmaier sold 1,785 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $344.00, for a total transaction of $614,040.00. Following the transaction, the insider now owns 19,116 shares of the company’s stock, valued at $6,575,904. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,541 shares of company stock worth $11,599,604 in the last three months. Company insiders own 3.20% of the company’s stock.

Salesforce Trading Up 2.0 %

Shares of NYSE:CRM opened at $286.26 on Tuesday. The company has a market capitalization of $275.10 billion, a PE ratio of 47.08, a PEG ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a 12-month low of $212.00 and a 12-month high of $369.00. The business has a 50 day moving average of $312.85 and a two-hundred day moving average of $310.64. 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 Ratings Changes

CRM has been the subject of a number of research analyst reports. Loop Capital dropped their price objective on Salesforce from $330.00 to $300.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Robert W. Baird decreased their price target on Salesforce from $430.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. DA Davidson dropped their price target on shares of Salesforce from $300.00 to $275.00 and set a “neutral” rating on the stock in a research note on Thursday, February 27th. Morgan Stanley boosted their target price on shares of Salesforce from $330.00 to $405.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Finally, Oppenheimer lowered their price objective on Salesforce from $415.00 to $380.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-one have assigned a buy rating and five have given 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.

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.