2,800 Shares in Salesforce, Inc. (NYSE:CRM) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in shares of Salesforce, Inc. (NYSE:CRM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,800 shares of the CRM provider’s stock, valued at approximately $766,000.

A number of other institutional investors also recently bought and sold shares of CRM. FSA Wealth Management LLC purchased a new stake in shares of Salesforce during the 3rd quarter valued at about $53,000. B&L Asset Management LLC bought a new stake in Salesforce during the third quarter valued at approximately $648,000. Mark Sheptoff Financial Planning LLC purchased a new stake in Salesforce during the third quarter valued at approximately $82,000. Erste Asset Management GmbH bought a new position in Salesforce in the third quarter worth approximately $51,601,000. Finally, Timber Creek Capital Management LLC boosted its stake in shares of Salesforce by 4.2% during the 3rd quarter. Timber Creek Capital Management LLC now owns 17,483 shares of the CRM provider’s stock worth $4,785,000 after acquiring an additional 703 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 0.0 %

Shares of NYSE:CRM opened at $329.99 on Monday. The company has a 50-day moving average price of $302.12 and a 200 day moving average price of $270.49. 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, Inc. has a 12 month low of $212.00 and a 12 month high of $348.86. The company has a market cap of $315.47 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 2.99 and a beta of 1.29.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Wednesday, September 18th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Wednesday, September 18th. Salesforce’s dividend payout ratio (DPR) is 27.83%.

Insider Activity

In other Salesforce news, CAO Sundeep G. Reddy sold 413 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $285.29, for a total transaction of $117,824.77. Following the completion of the transaction, the chief accounting officer now owns 7,006 shares in the company, valued at $1,998,741.74. The trade was a 5.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Miguel Milano sold 719 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $342.81, for a total value of $246,480.39. Following the completion of the sale, the insider now owns 4,659 shares in the company, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,510 shares of company stock valued at $42,475,538. 3.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Sanford C. Bernstein upped their price objective on Salesforce from $234.00 to $236.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Roth Mkm restated a “buy” rating and issued a $335.00 price target on shares of Salesforce in a research report on Thursday, August 29th. Canaccord Genuity Group lifted their price objective on Salesforce from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley increased their target price on shares of Salesforce from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Finally, Evercore ISI restated an “outperform” rating and set a $300.00 target price on shares of Salesforce in a research note on Monday, August 26th. Eight research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $341.89.

About Salesforce

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.