Salesforce, Inc. (NYSE:CRM) Shares Sold by Sivia Capital Partners LLC

Sivia Capital Partners LLC lowered its position in shares of Salesforce, Inc. (NYSE:CRM) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 2,474 shares of the CRM provider’s stock after selling 185 shares during the quarter. Sivia Capital Partners LLC’s holdings in Salesforce were worth $827,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elmwood Wealth Management Inc. grew its position in Salesforce by 23.2% during the 4th quarter. Elmwood Wealth Management Inc. now owns 8,162 shares of the CRM provider’s stock worth $2,729,000 after purchasing an additional 1,539 shares during the last quarter. Forza Wealth Management LLC grew its holdings in shares of Salesforce by 9.5% during the fourth quarter. Forza Wealth Management LLC now owns 1,082 shares of the CRM provider’s stock worth $362,000 after buying an additional 94 shares during the last quarter. Accelerate Investment Advisors LLC acquired a new position in Salesforce in the 4th quarter valued at about $206,000. Cooper Financial Group raised its stake in Salesforce by 4.2% during the 4th quarter. Cooper Financial Group now owns 6,573 shares of the CRM provider’s stock valued at $2,198,000 after acquiring an additional 262 shares during the last quarter. Finally, Cadent Capital Advisors LLC acquired a new stake in Salesforce during the 4th quarter worth approximately $82,000. 80.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Salesforce

In related news, insider R David Schmaier sold 1,785 shares of Salesforce stock in a transaction on Thursday, December 26th. The shares were 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 of the company’s stock, valued at approximately $6,575,904. The trade was a 8.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Sundeep G. Reddy sold 413 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total transaction of $117,824.77. Following the transaction, the chief accounting officer now directly owns 7,006 shares in the company, valued at $1,998,741.74. The trade was a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,181,817 shares of company stock valued at $404,760,429 over the last three months. 3.20% of the stock is owned by corporate insiders.

Salesforce Trading Up 0.3 %

NYSE CRM traded up $0.93 on Monday, hitting $318.78. 2,598,104 shares of the company were exchanged, compared to its average volume of 4,591,866. Salesforce, Inc. has a twelve month low of $212.00 and a twelve month high of $369.00. The company’s 50 day moving average price is $335.82 and its 200-day moving average price is $289.73. The firm has a market capitalization of $305.07 billion, a P/E ratio of 52.43, a price-to-earnings-growth ratio of 3.21 and a beta of 1.30. 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 (NYSE:CRM) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.03). Salesforce had a net margin of 15.96% and a return on equity of 12.34%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.35 billion. During the same quarter last year, the company posted $1.62 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. Analysts predict that Salesforce, Inc. will post 7.48 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.40 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.50%. Salesforce’s dividend payout ratio is 26.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRM shares. BMO Capital Markets upped their price target on Salesforce from $385.00 to $425.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Scotiabank raised their target price on shares of Salesforce from $425.00 to $440.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, December 4th. Oppenheimer reiterated an “outperform” rating and set a $415.00 price target (up from $385.00) on shares of Salesforce in a research note on Wednesday, December 4th. Wells Fargo & Company increased their price target on shares of Salesforce from $275.00 to $330.00 and gave the company an “equal weight” rating in a report on Tuesday, November 12th. Finally, DA Davidson increased their target price on shares of Salesforce from $250.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $376.05.

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.