Brian Millham Sells 3,937 Shares of Salesforce, Inc. (NYSE:CRM) Stock

Salesforce, Inc. (NYSE:CRM) CEO Brian Millham sold 3,937 shares of Salesforce stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $284.58, for a total value of $1,120,391.46. Following the sale, the chief executive officer now owns 5,518 shares of the company’s stock, valued at approximately $1,570,312.44. This trade represents a 41.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Brian Millham also recently made the following trade(s):

• On Thursday, January 23rd, Brian Millham sold 708 shares of Salesforce stock. The shares were sold at an average price of $332.28, for a total transaction of $235,254.24.

Salesforce Stock Up 0.9 %

NYSE:CRM opened at $288.59 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s 50-day moving average price is $312.15 and its 200-day moving average price is $310.95. The company has a market capitalization of $277.33 billion, a PE ratio of 47.47, a P/E/G ratio of 2.58 and a beta of 1.35. Salesforce, Inc. has a 1-year low of $212.00 and a 1-year high of $369.00.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Redburn Atlantic started coverage on Salesforce in a research note on Wednesday, February 19th. They set a “buy” rating for the company. Barclays increased their price objective on Salesforce from $415.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Wedbush restated an “outperform” rating and issued a $425.00 target price on shares of Salesforce in a research report on Wednesday, December 18th. Finally, Stephens started coverage on shares of Salesforce in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $311.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $362.74.

Institutional Investors Weigh In On Salesforce

A number of hedge funds and other institutional investors have recently bought and sold shares of CRM. Bernard Wealth Management Corp. purchased a new stake in shares of Salesforce in the fourth quarter worth $25,000. Infrastructure Capital Advisors LLC bought a new position in Salesforce in the 3rd quarter worth about $27,000. Accredited Wealth Management LLC purchased a new stake in Salesforce during the 4th quarter valued at about $27,000. Arlington Trust Co LLC increased its stake in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Finally, Compass Financial Services Inc purchased a new position in Salesforce in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

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.