Etesian Wealth Advisors Inc. Has $1.37 Million Holdings in Salesforce, Inc. (NYSE:CRM)

Etesian Wealth Advisors Inc. decreased its position in Salesforce, Inc. (NYSE:CRM) by 6.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 4,531 shares of the CRM provider’s stock after selling 327 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Salesforce were worth $1,365,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. purchased a new stake in shares of Salesforce during the fourth quarter worth $26,000. Signature Resources Capital Management LLC acquired a new stake in Salesforce in the fourth quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Salesforce in the fourth quarter valued at approximately $31,000. Pacifica Partners Inc. grew its position in Salesforce by 333.3% in the fourth quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock worth $33,000 after acquiring an additional 100 shares in the last quarter. Finally, BKM Wealth Management LLC acquired a new position in shares of Salesforce during the 4th quarter worth $34,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Salesforce

In related news, CAO Sundeep G. Reddy sold 2,425 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $273.15, for a total value of $662,388.75. Following the completion of the transaction, the chief accounting officer now owns 5,856 shares of the company’s stock, valued at $1,599,566.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Salesforce news, COO Brian Millham sold 1,678 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $242.32, for a total value of $406,612.96. Following the completion of the sale, the chief operating officer now owns 1,662 shares in the company, valued at $402,735.84. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Sundeep G. Reddy sold 2,425 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $273.15, for a total transaction of $662,388.75. Following the transaction, the chief accounting officer now owns 5,856 shares in the company, valued at $1,599,566.40. The disclosure for this sale can be found here. Insiders have sold a total of 541,787 shares of company stock valued at $149,773,683 over the last 90 days. 3.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CRM. Deutsche Bank Aktiengesellschaft lowered 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. Citigroup decreased their price objective on shares of Salesforce from $323.00 to $260.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. StockNews.com downgraded shares of Salesforce from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 19th. Jefferies Financial Group decreased their price target on shares of Salesforce from $360.00 to $350.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Finally, Macquarie dropped their price objective on Salesforce from $330.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, May 31st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $292.79.

Salesforce Trading Down 0.0 %

NYSE CRM traded down $0.10 during trading on Wednesday, reaching $241.66. 1,929,732 shares of the stock traded hands, compared to its average volume of 6,869,770. Salesforce, Inc. has a fifty-two week low of $193.68 and a fifty-two week high of $318.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. The firm has a market cap of $234.17 billion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The stock’s 50-day moving average price is $261.10 and its 200 day moving average price is $276.56.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, beating 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 net margin of 15.30% and a return on equity of 11.57%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.15 EPS. Analysts predict that Salesforce, Inc. will post 7.47 EPS for the current year.

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.