St. Johns Investment Management Company LLC Buys 228 Shares of Salesforce, Inc. (NYSE:CRM)

St. Johns Investment Management Company LLC raised its holdings in Salesforce, Inc. (NYSE:CRM) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,834 shares of the CRM provider’s stock after buying an additional 228 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Salesforce were worth $1,757,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRM. Graypoint LLC raised its holdings in shares of Salesforce by 0.3% in the 4th quarter. Graypoint LLC now owns 10,504 shares of the CRM provider’s stock valued at $2,764,000 after acquiring an additional 36 shares in the last quarter. Chase Investment Counsel Corp raised its holdings in shares of Salesforce by 0.3% in the 4th quarter. Chase Investment Counsel Corp now owns 10,377 shares of the CRM provider’s stock valued at $2,730,000 after acquiring an additional 36 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of Salesforce by 11.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 353 shares of the CRM provider’s stock valued at $93,000 after acquiring an additional 36 shares in the last quarter. Opes Wealth Management LLC raised its holdings in shares of Salesforce by 2.9% during the 4th quarter. Opes Wealth Management LLC now owns 1,295 shares of the CRM provider’s stock valued at $341,000 after buying an additional 37 shares in the last quarter. Finally, Prentice Wealth Management LLC raised its holdings in shares of Salesforce by 1.7% during the 4th quarter. Prentice Wealth Management LLC now owns 2,294 shares of the CRM provider’s stock valued at $604,000 after buying an additional 38 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 0.6 %

CRM stock opened at $243.10 on Thursday. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71. The business’s 50-day moving average is $261.10 and its two-hundred day moving average is $276.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $235.56 billion, a price-to-earnings ratio of 43.72, a P/E/G ratio of 2.12 and a beta of 1.25.

Salesforce (NYSE:CRM) last issued its quarterly earnings results on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.38 by $0.06. The business had revenue of $9.13 billion during the quarter, compared to analysts’ expectations of $9.15 billion. Salesforce had a return on equity of 11.57% and a net margin of 15.30%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.15 earnings per share. As a group, analysts forecast that Salesforce, Inc. will post 7.47 earnings per share for the current year.

Insiders Place Their Bets

In other Salesforce news, CFO Amy E. Weaver sold 5,864 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $274.77, for a total value of $1,611,251.28. Following the completion of the sale, the chief financial officer now owns 45,231 shares in the company, valued at $12,428,121.87. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Amy E. Weaver sold 5,864 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $274.77, for a total transaction of $1,611,251.28. Following the completion of the sale, the chief financial officer now owns 45,231 shares in the company, valued at $12,428,121.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Benioff sold 15,000 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $305.42, for a total value of $4,581,300.00. Following the sale, the chief executive officer now owns 12,981,166 shares of the company’s stock, valued at approximately $3,964,707,719.72. The disclosure for this sale can be found here. Insiders sold a total of 541,787 shares of company stock worth $149,773,683 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Macquarie decreased their price objective on Salesforce from $330.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft decreased their price objective on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. Mizuho decreased their price objective on Salesforce from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Thursday, May 30th. JMP Securities restated a “market outperform” rating and set a $342.00 price target on shares of Salesforce in a research report on Monday, April 15th. Finally, Canaccord Genuity Group reduced their price target on Salesforce from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and a consensus target price of $292.79.

Salesforce 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.