Salesforce, Inc. (NYSE:CRM – Get Rating) CAO Sundeep G. Reddy sold 186 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $155.59, for a total transaction of $28,939.74. Following the transaction, the chief accounting officer now directly owns 1,273 shares in the company, valued at approximately $198,066.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Salesforce Stock Performance
Shares of CRM traded up $4.62 during mid-day trading on Monday, reaching $155.87. 19,810,055 shares of the company’s stock traded hands, compared to its average volume of 10,596,321. Salesforce, Inc. has a 12 month low of $126.34 and a 12 month high of $234.49. The stock has a market capitalization of $155.87 billion, a P/E ratio of 556.68, a price-to-earnings-growth ratio of 3.79 and a beta of 1.15. The business’s 50-day moving average price is $141.29 and its 200-day moving average price is $155.70. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.05 and a current ratio of 1.05.
Salesforce (NYSE:CRM – Get Rating) last announced its earnings results on Wednesday, November 30th. The CRM provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.15. The firm had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.83 billion. Salesforce had a return on equity of 3.21% and a net margin of 0.92%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. Equities analysts predict that Salesforce, Inc. will post 2.38 earnings per share for the current year.
Wall Street Analyst Weigh In
Hedge Funds Weigh In On Salesforce
Several large investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Salesforce by 40.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 46,707,038 shares of the CRM provider’s stock valued at $7,708,529,000 after acquiring an additional 13,483,854 shares in the last quarter. Public Investment Fund bought a new position in Salesforce during the 2nd quarter valued at $437,393,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Salesforce by 114.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,881,056 shares of the CRM provider’s stock worth $640,566,000 after buying an additional 2,074,938 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Salesforce in the third quarter valued at $181,700,000. Finally, Polen Capital Management LLC boosted its stake in Salesforce by 12.5% during the third quarter. Polen Capital Management LLC now owns 11,057,687 shares of the CRM provider’s stock valued at $1,590,538,000 after buying an additional 1,228,763 shares in the last quarter. Institutional investors and hedge funds own 75.83% of the company’s stock.
Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include 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.
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