Jackson Creek Investment Advisors LLC Sells 1,401 Shares of Salesforce, Inc. (NYSE:CRM)

Jackson Creek Investment Advisors LLC decreased its stake in shares of Salesforce, Inc. (NYSE:CRM) by 49.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,426 shares of the CRM provider’s stock after selling 1,401 shares during the period. Jackson Creek Investment Advisors LLC’s holdings in Salesforce were worth $367,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CRM. Ruedi Wealth Management Inc. grew its position in shares of Salesforce by 186.7% in the first quarter. Ruedi Wealth Management Inc. now owns 86 shares of the CRM provider’s stock valued at $26,000 after purchasing an additional 56 shares during the last quarter. Piscataqua Savings Bank grew its holdings in Salesforce by 2,400.0% in the 2nd quarter. Piscataqua Savings Bank now owns 100 shares of the CRM provider’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Red Tortoise LLC bought a new position in Salesforce during the 1st quarter worth $33,000. Stephens Consulting LLC lifted its holdings in shares of Salesforce by 3,125.0% during the second quarter. Stephens Consulting LLC now owns 129 shares of the CRM provider’s stock worth $33,000 after buying an additional 125 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Salesforce in the fourth quarter valued at about $35,000. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $300.00 price target on shares of Salesforce in a research report on Thursday, August 29th. BNP Paribas raised shares of Salesforce to a “strong-buy” rating in a report on Thursday, August 29th. Truist Financial reiterated a “buy” rating and issued a $300.00 price target on shares of Salesforce in a research report on Friday, August 30th. Roth Mkm reissued a “buy” rating and set a $335.00 price target on shares of Salesforce in a research report on Thursday, August 29th. Finally, Jefferies Financial Group dropped their price objective on Salesforce from $360.00 to $350.00 and set a “buy” rating for the company in a report on Thursday, May 30th. Eight investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and an average price target of $304.41.

Insiders Place Their Bets

In other news, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $262.90, for a total value of $1,104,180.00. Following the sale, the insider now directly owns 117,581 shares of the company’s stock, valued at approximately $30,912,044.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Salesforce news, insider Parker Harris sold 4,200 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $262.90, for a total transaction of $1,104,180.00. Following the sale, the insider now owns 117,581 shares of the company’s stock, valued at $30,912,044.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Marc Benioff sold 15,000 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $242.49, for a total value of $3,637,350.00. Following the sale, the chief executive officer now owns 12,210,327 shares of the company’s stock, valued at $2,960,882,194.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,164 shares of company stock worth $23,760,225. 3.20% of the stock is currently owned by insiders.

Salesforce Trading Down 0.1 %

Shares of NYSE CRM opened at $247.70 on Thursday. The stock has a market cap of $240.02 billion, a P/E ratio of 44.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.29. The firm has a 50 day moving average price of $254.92 and a two-hundred day moving average price of $270.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.11 and a current ratio of 1.04. Salesforce, Inc. has a 52-week low of $193.68 and a 52-week high of $318.71.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, August 28th. The CRM provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.20. The business had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $9.22 billion. Salesforce had a return on equity of 12.01% and a net margin of 15.44%. Salesforce’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, equities analysts forecast that Salesforce, Inc. will post 7.52 EPS for the current year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Tuesday, July 9th. Salesforce’s dividend payout ratio is presently 28.78%.

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.