Salesforce, Inc. (NYSE:CRM) CRO Gavin Patterson Sells 1,273 Shares

Salesforce, Inc. (NYSE:CRMGet Rating) CRO Gavin Patterson sold 1,273 shares of the company’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $170.43, for a total transaction of $216,957.39. Following the completion of the transaction, the executive now directly owns 16,263 shares in the company, valued at $2,771,703.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gavin Patterson also recently made the following trade(s):

  • On Monday, April 25th, Gavin Patterson sold 536 shares of Salesforce stock. The stock was sold at an average price of $171.68, for a total transaction of $92,020.48.

CRM stock traded up $5.60 during midday trading on Thursday, hitting $173.05. The company’s stock had a trading volume of 7,218,586 shares, compared to its average volume of 7,913,803. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.03 and a quick ratio of 1.03. Salesforce, Inc. has a twelve month low of $154.55 and a twelve month high of $311.75. The company’s fifty day moving average price is $172.00 and its 200 day moving average price is $205.29. The stock has a market capitalization of $172.18 billion, a P/E ratio of 167.55, a PEG ratio of 4.57 and a beta of 1.16.

Salesforce (NYSE:CRMGet Rating) last released its quarterly earnings data on Tuesday, May 31st. The CRM provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. The company had revenue of $7.41 billion for the quarter, compared to analyst estimates of $7.38 billion. Salesforce had a net margin of 3.59% and a return on equity of 3.92%. Salesforce’s revenue for the quarter was up 24.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. Equities analysts expect that Salesforce, Inc. will post 2.18 EPS for the current fiscal year.

Several equities analysts have commented on the stock. Citigroup increased their target price on shares of Salesforce to $192.00 in a research report on Friday, June 3rd. Wells Fargo & Company upped their price target on shares of Salesforce from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, June 1st. The Goldman Sachs Group set a $360.00 price target on shares of Salesforce and gave the company a “buy” rating in a report on Wednesday, March 2nd. William Blair restated an “outperform” rating on shares of Salesforce in a report on Wednesday, June 1st. Finally, Roth Capital upgraded shares of Salesforce from a “neutral” rating to a “buy” rating and set a $242.00 price target for the company in a report on Wednesday, May 18th. Four analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $272.50.

Institutional investors have recently added to or reduced their stakes in the company. Mayflower Financial Advisors LLC boosted its holdings in shares of Salesforce by 1.2% during the 4th quarter. Mayflower Financial Advisors LLC now owns 3,794 shares of the CRM provider’s stock worth $964,000 after buying an additional 46 shares during the period. Insight Wealth Strategies LLC boosted its holdings in shares of Salesforce by 0.5% during the 4th quarter. Insight Wealth Strategies LLC now owns 9,652 shares of the CRM provider’s stock worth $2,453,000 after buying an additional 47 shares during the period. Texas Capital Bank Wealth Management Services Inc. boosted its holdings in shares of Salesforce by 4.1% during the 4th quarter. Texas Capital Bank Wealth Management Services Inc. now owns 1,204 shares of the CRM provider’s stock worth $306,000 after buying an additional 47 shares during the period. Bedel Financial Consulting Inc. boosted its holdings in shares of Salesforce by 7.0% during the 4th quarter. Bedel Financial Consulting Inc. now owns 738 shares of the CRM provider’s stock worth $188,000 after buying an additional 48 shares during the period. Finally, Carret Asset Management LLC boosted its holdings in shares of Salesforce by 2.3% during the 4th quarter. Carret Asset Management LLC now owns 2,092 shares of the CRM provider’s stock worth $532,000 after buying an additional 48 shares during the period. Institutional investors own 77.75% of the company’s stock.

Salesforce Company Profile (Get Rating)

Salesforce, Inc provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers. The company's service offerings include 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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