Imprint Wealth LLC Purchases Shares of 138,815 Salesforce, Inc. (NYSE:CRM)

Imprint Wealth LLC acquired a new position in Salesforce, Inc. (NYSE:CRM) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 138,815 shares of the CRM provider’s stock, valued at approximately $13,882,000.

Several other large investors have also modified their holdings of the company. Fairfield Bush & CO. increased its holdings in shares of Salesforce by 8.7% during the 1st quarter. Fairfield Bush & CO. now owns 4,468 shares of the CRM provider’s stock worth $949,000 after purchasing an additional 357 shares during the period. Roundview Capital LLC increased its position in shares of Salesforce by 18.8% during the first quarter. Roundview Capital LLC now owns 24,037 shares of the CRM provider’s stock valued at $5,104,000 after purchasing an additional 3,809 shares during the period. Covestor Ltd raised its stake in shares of Salesforce by 42.8% in the first quarter. Covestor Ltd now owns 621 shares of the CRM provider’s stock valued at $132,000 after purchasing an additional 186 shares in the last quarter. Ergoteles LLC bought a new position in Salesforce in the first quarter worth $455,000. Finally, Mackenzie Financial Corp increased its holdings in Salesforce by 21.3% in the 1st quarter. Mackenzie Financial Corp now owns 860,950 shares of the CRM provider’s stock valued at $182,797,000 after buying an additional 151,440 shares during the period. 77.52% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $220.94, for a total value of $3,314,100.00. Following the sale, the chief executive officer now directly owns 14,876,166 shares of the company’s stock, valued at approximately $3,286,740,116.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $220.94, for a total value of $3,314,100.00. Following the sale, the chief executive officer now owns 14,876,166 shares in the company, valued at approximately $3,286,740,116.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Sundeep G. Reddy sold 164 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $200.97, for a total transaction of $32,959.08. Following the transaction, the chief accounting officer now directly owns 2,576 shares of the company’s stock, valued at $517,698.72. The disclosure for this sale can be found here. Insiders sold 671,788 shares of company stock worth $141,136,481 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Salesforce Trading Up 1.6 %

CRM stock traded up $3.47 during midday trading on Monday, hitting $224.69. 1,951,896 shares of the company’s stock were exchanged, compared to its average volume of 6,425,020. Salesforce, Inc. has a one year low of $126.34 and a one year high of $238.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $218.62 billion, a PE ratio of 139.13, a price-to-earnings-growth ratio of 1.66 and a beta of 1.18. The stock’s fifty day moving average price is $208.52 and its 200-day moving average price is $211.92.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 30th. The CRM provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.22. Salesforce had a return on equity of 7.67% and a net margin of 4.77%. The business had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same quarter in the previous year, the business posted $0.52 EPS. Salesforce’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts predict that Salesforce, Inc. will post 5.86 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CRM has been the topic of several recent research reports. JMP Securities reiterated a “market outperform” rating and set a $275.00 target price on shares of Salesforce in a research report on Thursday, September 21st. Loop Capital upped their price objective on Salesforce from $215.00 to $230.00 and gave the company a “hold” rating in a research note on Thursday, August 31st. Oppenheimer raised their target price on Salesforce from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Jefferies Financial Group upped their price target on Salesforce from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. Finally, Wells Fargo & Company lifted their price objective on Salesforce from $250.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.28.

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 relationship intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer service and support at scale.