Salesforce, Inc. (NYSE:CRM) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust boosted its stake in Salesforce, Inc. (NYSE:CRM) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,950 shares of the CRM provider’s stock after buying an additional 64 shares during the period. Parkside Financial Bank & Trust’s holdings in Salesforce were worth $776,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Walkner Condon Financial Advisors LLC grew its stake in shares of Salesforce by 2.9% in the third quarter. Walkner Condon Financial Advisors LLC now owns 2,633 shares of the CRM provider’s stock worth $534,000 after purchasing an additional 74 shares in the last quarter. Marks Group Wealth Management Inc grew its stake in shares of Salesforce by 0.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 35,220 shares of the CRM provider’s stock worth $9,268,000 after purchasing an additional 257 shares in the last quarter. Roman Butler Fullerton & Co. grew its stake in shares of Salesforce by 1.4% in the fourth quarter. Roman Butler Fullerton & Co. now owns 7,881 shares of the CRM provider’s stock worth $2,206,000 after purchasing an additional 105 shares in the last quarter. Pure Financial Advisors LLC bought a new position in shares of Salesforce in the fourth quarter worth $214,000. Finally, Riversedge Advisors LLC grew its stake in shares of Salesforce by 21.7% in the third quarter. Riversedge Advisors LLC now owns 2,353 shares of the CRM provider’s stock worth $477,000 after purchasing an additional 420 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Salesforce news, CEO Marc Benioff sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $278.62, for a total value of $4,179,300.00. Following the sale, the chief executive officer now owns 13,701,166 shares of the company’s stock, valued at approximately $3,817,418,870.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Salesforce news, CFO Amy E. Weaver sold 5,864 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $274.77, for a total value of $1,611,251.28. Following the sale, the chief financial officer now owns 45,231 shares of the company’s stock, valued at approximately $12,428,121.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 15,000 shares of Salesforce stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $278.62, for a total value of $4,179,300.00. Following the sale, the chief executive officer now directly owns 13,701,166 shares in the company, valued at approximately $3,817,418,870.92. The disclosure for this sale can be found here. In the last quarter, insiders have sold 596,379 shares of company stock valued at $175,587,970. Insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the subject of several research reports. Wells Fargo & Company raised their target price on Salesforce from $280.00 to $290.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 21st. JMP Securities reaffirmed a “market outperform” rating and set a $342.00 target price on shares of Salesforce in a research note on Monday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $345.00 target price on shares of Salesforce in a research note on Monday, April 15th. Robert W. Baird raised their target price on Salesforce from $310.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Finally, Evercore ISI raised their target price on Salesforce from $290.00 to $330.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $310.61.

Salesforce Stock Up 0.5 %

Shares of NYSE CRM traded up $1.45 during mid-day trading on Tuesday, reaching $275.26. 4,837,417 shares of the company traded hands, compared to its average volume of 5,699,650. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $267.00 billion, a PE ratio of 65.07, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The company’s fifty day moving average is $297.00 and its two-hundred day moving average is $262.79. Salesforce, Inc. has a fifty-two week low of $190.57 and a fifty-two week high of $318.71.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, February 28th. The CRM provider reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.22 billion. Salesforce had a return on equity of 10.42% and a net margin of 11.87%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.01 EPS. On average, analysts expect that Salesforce, Inc. will post 7.45 earnings per share for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Wednesday, March 13th. Salesforce’s dividend payout ratio is 9.52%.

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.