Salesforce, Inc. (NYSE:CRM) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its stake in shares of Salesforce, Inc. (NYSE:CRM) by 27.5% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,999 shares of the CRM provider’s stock after purchasing an additional 2,589 shares during the period. Atomi Financial Group Inc.’s holdings in Salesforce were worth $3,284,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Tealwood Asset Management Inc. acquired a new stake in Salesforce during the third quarter worth about $1,827,000. Traveka Wealth LLC boosted its position in Salesforce by 4.0% in the 3rd quarter. Traveka Wealth LLC now owns 1,996 shares of the CRM provider’s stock worth $546,000 after purchasing an additional 77 shares in the last quarter. Bridge Creek Capital Management LLC grew its stake in shares of Salesforce by 0.3% during the 3rd quarter. Bridge Creek Capital Management LLC now owns 20,455 shares of the CRM provider’s stock worth $5,599,000 after purchasing an additional 55 shares during the period. Clean Yield Group increased its holdings in shares of Salesforce by 15.7% during the 3rd quarter. Clean Yield Group now owns 23,263 shares of the CRM provider’s stock valued at $6,367,000 after purchasing an additional 3,149 shares in the last quarter. Finally, Marion Wealth Management lifted its stake in shares of Salesforce by 10.4% in the 3rd quarter. Marion Wealth Management now owns 905 shares of the CRM provider’s stock valued at $248,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, insider Parker Harris sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $254.90, for a total value of $1,070,580.00. Following the sale, the insider now owns 116,693 shares of the company’s stock, valued at $29,745,045.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Salesforce news, insider Parker Harris sold 4,200 shares of Salesforce stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $254.90, for a total value of $1,070,580.00. Following the completion of the transaction, the insider now directly owns 116,693 shares of the company’s stock, valued at $29,745,045.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Maynard G. Webb, Jr. sold 9,170 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $276.32, for a total transaction of $2,533,854.40. Following the sale, the director now directly owns 1,363 shares in the company, valued at $376,624.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,412 shares of company stock valued at $20,071,723. Company insiders own 3.20% of the company’s stock.

Salesforce Trading Up 0.9 %

CRM stock traded up $2.63 during midday trading on Tuesday, hitting $287.20. 1,155,717 shares of the company’s stock were exchanged, compared to its average volume of 6,506,588. Salesforce, Inc. has a 1-year low of $193.68 and a 1-year high of $318.71. The business has a 50-day simple moving average of $259.05 and a two-hundred day simple moving average of $264.06. The stock has a market capitalization of $278.30 billion, a PE ratio of 51.57, a P/E/G ratio of 2.39 and a beta of 1.30. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.15.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.20. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. The firm had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion. During the same period last year, the company earned $1.63 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, sell-side analysts predict that Salesforce, Inc. will post 7.54 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th will be issued a $0.40 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $1.60 annualized dividend and a dividend yield of 0.56%. Salesforce’s dividend payout ratio is currently 28.78%.

Wall Street Analyst Weigh In

Several analysts recently commented on CRM shares. BNP Paribas upgraded shares of Salesforce to a “strong-buy” rating in a research report on Thursday, August 29th. Roth Mkm restated a “buy” rating and set a $335.00 target price on shares of Salesforce in a research report on Thursday, August 29th. Wells Fargo & Company upped their price target on Salesforce from $250.00 to $275.00 and gave the stock an “equal weight” rating in a report on Thursday, August 29th. Raymond James increased their price target on Salesforce from $325.00 to $350.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 29th. Finally, Bank of America reiterated a “buy” rating and issued a $325.00 target price on shares of Salesforce in a research report on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $310.74.

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.