Salesforce, Inc. (NYSE:CRM) COO Sells $66,119.13 in Stock

Posted by on Oct 24th, 2023

Salesforce, Inc. (NYSE:CRM – Get Free Report) COO Brian Millham sold 329 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $200.97, for a total transaction of $66,119.13. Following the completion of the sale, the chief operating officer now directly owns 325 shares of the company’s stock, valued at approximately $65,315.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, September 25th, Brian Millham sold 1,679 shares of Salesforce stock. The shares were sold at an average price of $205.22, for a total transaction of $344,564.38.
  • On Friday, September 22nd, Brian Millham sold 1,745 shares of Salesforce stock. The stock was sold at an average price of $209.50, for a total transaction of $365,577.50.
  • On Tuesday, August 22nd, Brian Millham sold 1,746 shares of Salesforce stock. The shares were sold at an average price of $209.85, for a total transaction of $366,398.10.

Salesforce Stock Down 0.8 %

Shares of CRM stock opened at $202.00 on Tuesday. Salesforce, Inc. has a 12 month low of $126.34 and a 12 month high of $238.22. The stock has a market cap of $196.55 billion, a P/E ratio of 127.04, a P/E/G ratio of 1.54 and a beta of 1.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $210.29 and a two-hundred day simple moving average of $210.03.

Salesforce (NYSE:CRM – Get Free Report) last released its earnings results on Wednesday, August 30th. The CRM provider reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.22. The firm had revenue of $8.60 billion during the quarter, compared to analyst estimates of $8.53 billion. Salesforce had a net margin of 4.77% and a return on equity of 7.67%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.52 EPS. On average, research analysts expect that Salesforce, Inc. will post 5.86 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRM has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $240.00 price objective on shares of Salesforce in a research note on Friday, September 15th. Robert W. Baird lifted their price objective on shares of Salesforce from $210.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday, August 31st. Barclays lifted their price objective on shares of Salesforce from $245.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, August 31st. Piper Sandler downgraded shares of Salesforce from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $268.00 to $232.00 in a research report on Monday. Finally, Canaccord Genuity Group lifted their price target on shares of Salesforce from $250.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, August 31st. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $241.28.

Read Our Latest Research Report on Salesforce

Institutional Investors Weigh In On Salesforce

Large investors have recently modified their holdings of the business. Forza Wealth Management LLC bought a new stake in shares of Salesforce in the 2nd quarter valued at about $202,000. Wealth Alliance Advisory Group LLC bought a new position in shares of Salesforce during the 2nd quarter worth approximately $396,000. Nordea Investment Management AB raised its stake in shares of Salesforce by 18.3% during the 2nd quarter. Nordea Investment Management AB now owns 1,547,360 shares of the CRM provider’s stock worth $329,387,000 after acquiring an additional 239,786 shares in the last quarter. Verum Partners LLC bought a new position in shares of Salesforce during the 2nd quarter worth approximately $210,000. Finally, Independence Bank of Kentucky raised its stake in shares of Salesforce by 2.3% during the 2nd quarter. Independence Bank of Kentucky now owns 13,401 shares of the CRM provider’s stock worth $2,831,000 after acquiring an additional 295 shares in the last quarter. Institutional investors own 77.52% of the company’s stock.

Salesforce Company Profile

(Get Free Report)

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 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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Insider Buying and Selling by Quarter for Salesforce (NYSE:CRM)

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