Salesforce, Inc. (NYSE:CRM) Shares Purchased by Signaturefd LLC

Signaturefd LLC raised its holdings in Salesforce, Inc. (NYSE:CRM) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,821 shares of the CRM provider’s stock after buying an additional 956 shares during the period. Signaturefd LLC’s holdings in Salesforce were worth $6,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Infrastructure Capital Advisors LLC acquired a new position in Salesforce during the 3rd quarter worth $27,000. Arlington Trust Co LLC lifted its position in shares of Salesforce by 85.1% during the fourth quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc acquired a new position in Salesforce in the fourth quarter worth about $30,000. Asset Planning Inc bought a new stake in Salesforce in the fourth quarter valued at about $31,000. Finally, Collier Financial acquired a new stake in Salesforce during the fourth quarter valued at approximately $32,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.

Salesforce Trading Up 3.0 %

CRM stock opened at $279.76 on Monday. The company has a market capitalization of $268.85 billion, a PE ratio of 46.01, a P/E/G ratio of 2.58 and a beta of 1.35. The firm’s 50-day moving average is $318.03 and its 200 day moving average is $309.36. 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 12 month low of $212.00 and a 12 month high of $369.00.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Northland Securities restated an “outperform” rating and issued a $440.00 target price (up from $400.00) on shares of Salesforce in a research note on Wednesday, December 4th. Scotiabank lowered their price target on Salesforce from $440.00 to $400.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 27th. BMO Capital Markets decreased their price target on Salesforce from $375.00 to $367.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. JPMorgan Chase & Co. upped their price target on shares of Salesforce from $340.00 to $380.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Finally, Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $365.62.

Insider Buying and Selling at Salesforce

In other news, CEO Marc Benioff sold 317,105 shares of the stock in a transaction dated 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 directly owns 12,162,457 shares of the company’s stock, valued at $4,217,696,838.46. This represents a 2.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Sundeep G. Reddy sold 436 shares of the stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total transaction of $144,874.08. Following the transaction, the chief accounting officer now directly owns 7,057 shares in the company, valued at approximately $2,344,899.96. The trade was a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,108,793 shares of company stock worth $383,156,227 over the last three months. Corporate insiders own 3.20% of the company’s stock.

Salesforce Company 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.