Napatree Capital LLC Has $508,000 Position in Salesforce, Inc. (NYSE:CRM)

Napatree Capital LLC grew its holdings in Salesforce, Inc. (NYSE:CRM) by 32.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,520 shares of the CRM provider’s stock after purchasing an additional 369 shares during the quarter. Napatree Capital LLC’s holdings in Salesforce were worth $508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arlington Trust Co LLC raised 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 acquiring an additional 40 shares during the last quarter. Compass Financial Services Inc bought a new stake in shares of Salesforce during the fourth quarter worth $30,000. Asset Planning Inc bought a new stake in shares of Salesforce during the fourth quarter worth $31,000. Collier Financial bought a new stake in shares of Salesforce during the fourth quarter worth $32,000. Finally, Infrastructure Capital Advisors LLC bought a new stake in shares of Salesforce during the third quarter worth $27,000. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the subject of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $450.00 target price on shares of Salesforce in a research report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and issued a $425.00 price objective on shares of Salesforce in a report on Wednesday, December 18th. Barclays upped their price objective on Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Macquarie reiterated a “neutral” rating and issued a $320.00 price objective on shares of Salesforce in a report on Thursday. Finally, Wells Fargo & Company dropped their price objective on Salesforce from $345.00 to $310.00 and set an “equal weight” rating for the company in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $362.74.

Insider Activity at Salesforce

In related news, COO Brian Millham sold 16,487 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $340.68, for a total transaction of $5,616,791.16. Following 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the firm’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the sale, the chief accounting officer now directly owns 7,057 shares in the company, valued at approximately $2,344,899.96. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,256 shares of company stock valued at $19,692,357 in the last 90 days. 3.20% of the stock is owned by corporate insiders.

Salesforce Trading Up 0.9 %

Shares of CRM stock opened at $281.56 on Friday. The stock’s fifty day moving average price is $313.51 and its two-hundred day moving average price is $309.92. The company has a market cap of $270.58 billion, a PE ratio of 46.31, a P/E/G ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a fifty-two week low of $212.00 and a fifty-two week high of $369.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11.

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.