Little House Capital LLC Has $2.04 Million Holdings in Salesforce, Inc. (NYSE:CRM)

Little House Capital LLC raised its stake in Salesforce, Inc. (NYSE:CRM) by 44.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,785 shares of the CRM provider’s stock after acquiring an additional 2,088 shares during the quarter. Little House Capital LLC’s holdings in Salesforce were worth $2,044,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CRM. Norges Bank acquired a new stake in shares of Salesforce during the 4th quarter valued at $2,762,331,000. Capital International Investors grew its holdings in Salesforce by 76.4% during the 4th quarter. Capital International Investors now owns 13,708,615 shares of the CRM provider’s stock worth $3,607,493,000 after acquiring an additional 5,935,973 shares during the last quarter. Cerity Partners LLC increased its position in Salesforce by 1,254.7% in the 4th quarter. Cerity Partners LLC now owns 3,483,670 shares of the CRM provider’s stock valued at $916,693,000 after acquiring an additional 3,226,512 shares during the period. Coatue Management LLC bought a new position in shares of Salesforce during the fourth quarter valued at $564,188,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of Salesforce by 110.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,394,912 shares of the CRM provider’s stock worth $893,336,000 after purchasing an additional 1,780,421 shares during the period. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $216.66, for a total value of $3,249,900.00. Following the completion of the transaction, the chief executive officer now directly owns 12,407,327 shares of the company’s stock, valued at $2,688,171,467.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider R David Schmaier sold 3,910 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $274.77, for a total transaction of $1,074,350.70. Following the completion of the transaction, the insider now owns 19,463 shares of the company’s stock, valued at $5,347,848.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $216.66, for a total transaction of $3,249,900.00. Following the sale, the chief executive officer now owns 12,407,327 shares of the company’s stock, valued at $2,688,171,467.82. The disclosure for this sale can be found here. Insiders sold 507,934 shares of company stock worth $139,262,073 over the last quarter. 3.20% of the stock is currently owned by company insiders.

Salesforce Stock Performance

NYSE CRM traded down $0.43 during trading hours on Monday, reaching $256.67. 3,948,910 shares of the company were exchanged, compared to its average volume of 6,961,041. 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 stock has a market capitalization of $248.71 billion, a P/E ratio of 45.92, a P/E/G ratio of 2.26 and a beta of 1.29. Salesforce, Inc. has a 1 year low of $193.68 and a 1 year high of $318.71. The business’s 50 day simple moving average is $259.79 and its 200-day simple moving average is $276.47.

Salesforce (NYSE:CRM) last posted 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. Salesforce had a net margin of 15.30% and a return on equity of 11.57%. The company had revenue of $9.13 billion for the quarter, compared to analysts’ expectations of $9.15 billion. During the same quarter in the previous year, the firm posted $1.15 EPS. Salesforce’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts expect that Salesforce, Inc. will post 7.47 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Tuesday, July 9th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Tuesday, July 9th. Salesforce’s dividend payout ratio is currently 7.19%.

Wall Street Analyst Weigh In

CRM has been the topic of several recent research reports. UBS Group cut their target price on Salesforce from $310.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Canaccord Genuity Group decreased their target price on shares of Salesforce from $350.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. Evercore ISI dropped their price target on shares of Salesforce from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Thursday, May 30th. Raymond James reissued a “strong-buy” rating and set a $325.00 target price (down previously from $380.00) on shares of Salesforce in a research note on Thursday, May 30th. Finally, TD Cowen cut their price target on shares of Salesforce from $330.00 to $285.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.