Salesforce, Inc. (NYSE:CRM) Shares Purchased by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC raised its stake in Salesforce, Inc. (NYSE:CRM) by 7.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,664 shares of the CRM provider’s stock after buying an additional 454 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Salesforce were worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc. increased its position in Salesforce by 9.7% in the fourth quarter. TD Asset Management Inc. now owns 822,377 shares of the CRM provider’s stock worth $274,945,000 after buying an additional 72,773 shares during the period. Modern Wealth Management LLC increased its holdings in shares of Salesforce by 65.5% in the 4th quarter. Modern Wealth Management LLC now owns 2,232 shares of the CRM provider’s stock worth $730,000 after acquiring an additional 883 shares during the period. Zevenbergen Capital Investments LLC increased its holdings in shares of Salesforce by 54.0% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 23,100 shares of the CRM provider’s stock worth $7,723,000 after acquiring an additional 8,100 shares during the period. Haverford Trust Co boosted its stake in Salesforce by 4.3% during the 4th quarter. Haverford Trust Co now owns 70,840 shares of the CRM provider’s stock valued at $23,684,000 after purchasing an additional 2,896 shares during the period. Finally, Twin City Private Wealth LLC grew its position in Salesforce by 3.0% in the 4th quarter. Twin City Private Wealth LLC now owns 3,321 shares of the CRM provider’s stock worth $1,112,000 after purchasing an additional 97 shares during the last quarter. 80.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

CRM has been the topic of a number of recent analyst reports. Macquarie reaffirmed a “neutral” rating and set a $320.00 price target on shares of Salesforce in a report on Thursday, March 20th. The Goldman Sachs Group lifted their target price on Salesforce from $360.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Stifel Nicolaus decreased their price target on Salesforce from $425.00 to $375.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Northland Securities restated an “outperform” rating and set a $440.00 price objective (up from $400.00) on shares of Salesforce in a research note on Wednesday, December 4th. Finally, Robert W. Baird decreased their target price on shares of Salesforce from $430.00 to $400.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. One investment 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $362.74.

Insider Transactions at Salesforce

In other news, Director Robin L. Washington acquired 1,695 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $294.61 per share, for a total transaction of $499,363.95. Following the completion of the acquisition, the director now owns 43,445 shares in the company, valued at approximately $12,799,331.45. The trade was a 4.06 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Sundeep G. Reddy sold 436 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the transaction, the chief accounting officer now owns 7,057 shares in the company, valued at $2,344,899.96. This trade represents a 5.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 36,541 shares of company stock valued at $11,599,604 over the last three months. 3.20% of the stock is owned by corporate insiders.

Salesforce Stock Up 2.0 %

Shares of Salesforce stock opened at $286.26 on Tuesday. Salesforce, Inc. has a 1 year low of $212.00 and a 1 year high of $369.00. The company has a market cap of $275.10 billion, a P/E ratio of 47.08, a P/E/G ratio of 2.58 and a beta of 1.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $312.85 and a 200 day moving average price of $310.64.

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.