Roundview Capital LLC Has $3.18 Million Stake in Salesforce, Inc. (NYSE:CRM)

Roundview Capital LLC trimmed its position in shares of Salesforce, Inc. (NYSE:CRMFree Report) by 13.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,095 shares of the CRM provider’s stock after selling 1,934 shares during the period. Roundview Capital LLC’s holdings in Salesforce were worth $3,183,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Savant Capital LLC grew its holdings in Salesforce by 3.3% during the third quarter. Savant Capital LLC now owns 12,981 shares of the CRM provider’s stock worth $2,632,000 after buying an additional 416 shares in the last quarter. Clearstead Advisors LLC grew its holdings in Salesforce by 1.0% during the third quarter. Clearstead Advisors LLC now owns 14,178 shares of the CRM provider’s stock worth $2,875,000 after buying an additional 142 shares in the last quarter. LCM Capital Management Inc grew its holdings in Salesforce by 5.9% during the third quarter. LCM Capital Management Inc now owns 3,789 shares of the CRM provider’s stock worth $768,000 after buying an additional 210 shares in the last quarter. Financial Counselors Inc. grew its holdings in Salesforce by 2.0% during the third quarter. Financial Counselors Inc. now owns 179,062 shares of the CRM provider’s stock worth $36,310,000 after buying an additional 3,532 shares in the last quarter. Finally, Patron Partners LLC grew its holdings in Salesforce by 3.7% during the third quarter. Patron Partners LLC now owns 1,837 shares of the CRM provider’s stock worth $373,000 after buying an additional 65 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 0.8 %

Salesforce stock traded up $2.27 during mid-day trading on Wednesday, hitting $272.10. The company had a trading volume of 12,906,722 shares, compared to its average volume of 5,450,530. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average price is $285.06 and its two-hundred day moving average price is $275.85. Salesforce, Inc. has a 12 month low of $193.68 and a 12 month high of $318.71. The company has a market capitalization of $263.39 billion, a PE ratio of 64.79, a price-to-earnings-growth ratio of 2.40 and a beta of 1.30.

Salesforce (NYSE:CRMGet Free Report) last announced its quarterly earnings results on Wednesday, May 29th. The CRM provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.38 by $0.06. The firm had revenue of $9.13 billion for the quarter, compared to the consensus estimate of $9.15 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 earnings per share. As a group, sell-side analysts anticipate that Salesforce, Inc. will post 7.45 earnings per share for the current fiscal year.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $315.54, for a total value of $4,733,100.00. Following the transaction, the chief executive officer now owns 13,311,166 shares of the company’s stock, valued at $4,200,205,319.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $315.54, for a total value of $4,733,100.00. Following the transaction, the chief executive officer now owns 13,311,166 shares of the company’s stock, valued at $4,200,205,319.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Sundeep G. Reddy sold 2,425 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total value of $662,388.75. Following the completion of the sale, the chief accounting officer now owns 5,856 shares of the company’s stock, valued at approximately $1,599,566.40. The disclosure for this sale can be found here. Insiders have sold a total of 638,070 shares of company stock valued at $184,395,926 over the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CRM. Bank of America upped their price objective on Salesforce from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Wells Fargo & Company reduced their price objective on Salesforce from $310.00 to $300.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. KeyCorp started coverage on Salesforce in a research note on Thursday, March 21st. They set a “sector weight” rating for the company. Piper Sandler reissued a “neutral” rating and issued a $300.00 price objective on shares of Salesforce in a report on Monday, April 15th. Finally, Oppenheimer lifted their price objective on Salesforce from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.94.

View Our Latest Stock Analysis on Salesforce

Salesforce Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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