State of Alaska Department of Revenue lessened its position in Salesforce, Inc. (NYSE:CRM – Free Report) by 0.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,045 shares of the CRM provider’s stock after selling 40 shares during the period. State of Alaska Department of Revenue’s holdings in Salesforce were worth $31,637,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. purchased a new position in shares of Salesforce in the fourth quarter valued at $26,000. Signature Resources Capital Management LLC acquired a new stake in shares of Salesforce in the 4th quarter worth about $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Salesforce in the 4th quarter worth about $31,000. Pacifica Partners Inc. increased its stake in Salesforce by 333.3% during the 4th quarter. Pacifica Partners Inc. now owns 130 shares of the CRM provider’s stock valued at $33,000 after buying an additional 100 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in Salesforce during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Insider Activity
In related news, CEO Marc Benioff sold 15,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $300.14, for a total value of $4,502,100.00. Following the sale, the chief executive officer now directly owns 12,951,166 shares in the company, valued at approximately $3,887,162,963.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Parker Harris sold 4,200 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $301.75, for a total value of $1,267,350.00. Following the completion of the transaction, the insider now directly owns 105,837 shares of the company’s stock, valued at $31,936,314.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $300.14, for a total transaction of $4,502,100.00. Following the completion of the transaction, the chief executive officer now directly owns 12,951,166 shares of the company’s stock, valued at $3,887,162,963.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 499,152 shares of company stock worth $136,281,661. Corporate insiders own 3.20% of the company’s stock.
Analyst Ratings Changes
View Our Latest Stock Report on Salesforce
Salesforce Stock Performance
CRM traded up $4.64 during trading on Wednesday, reaching $260.83. 4,755,729 shares of the company’s stock were exchanged, compared to its average volume of 6,945,110. 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 business has a 50 day moving average price of $259.03 and a 200 day moving average price of $276.43. The company has a market capitalization of $252.74 billion, a P/E ratio of 46.90, a PEG ratio of 2.26 and a beta of 1.29.
Salesforce (NYSE:CRM – Get Free Report) last issued its earnings results on Wednesday, May 29th. The CRM provider reported $2.44 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $9.15 billion. During the same quarter in the previous year, the company earned $1.15 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts predict that Salesforce, Inc. will post 7.47 earnings per share for the current fiscal year.
Salesforce Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Tuesday, July 9th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, July 9th. This represents a $1.60 annualized dividend and a dividend yield of 0.61%. Salesforce’s dividend payout ratio is presently 7.19%.
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.
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