Salesforce, Inc. (NYSE:CRM) Stock Holdings Boosted by Financial Counselors Inc.

Financial Counselors Inc. boosted its position in Salesforce, Inc. (NYSE:CRM) by 1.4% during the 4th quarter, HoldingsChannel reports. The firm owned 171,762 shares of the CRM provider’s stock after buying an additional 2,439 shares during the quarter. Financial Counselors Inc.’s holdings in Salesforce were worth $57,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its holdings in Salesforce by 15.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 36,473 shares of the CRM provider’s stock worth $12,194,000 after buying an additional 4,752 shares in the last quarter. Nabity Jensen Investment Management Inc acquired a new position in Salesforce during the 3rd quarter worth $1,215,000. Athena Investment Management bought a new position in shares of Salesforce in the fourth quarter worth $236,000. Highland Capital Management LLC acquired a new position in shares of Salesforce during the fourth quarter valued at $4,321,000. Finally, Geode Capital Management LLC raised its stake in shares of Salesforce by 1.3% during the third quarter. Geode Capital Management LLC now owns 19,780,318 shares of the CRM provider’s stock valued at $5,395,132,000 after purchasing an additional 257,501 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 0.9 %

NYSE:CRM opened at $288.59 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $277.33 billion, a P/E ratio of 47.47, a P/E/G ratio of 2.58 and a beta of 1.35. The stock’s 50 day moving average price is $312.15 and its 200 day moving average price is $310.95. Salesforce, Inc. has a 52 week low of $212.00 and a 52 week high of $369.00.

Wall Street Analyst Weigh In

CRM has been the topic of several research analyst reports. TD Cowen raised shares of Salesforce from a “hold” rating to a “buy” rating and raised their target price for the company from $380.00 to $400.00 in a research note on Friday, January 17th. JMP Securities reissued a “market outperform” rating and set a $450.00 target price on shares of Salesforce in a report on Wednesday, December 18th. Wedbush restated an “outperform” rating and issued a $425.00 target price on shares of Salesforce in a research report on Wednesday, December 18th. Jefferies Financial Group lifted their price target on Salesforce from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, Redburn Atlantic initiated coverage on Salesforce in a research note on Wednesday, February 19th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have issued a buy rating and five have issued a strong buy rating to the stock. According to MarketBeat, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $362.74.

Insider Transactions at Salesforce

In related news, CFO Amy E. Weaver sold 6,221 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $329.88, for a total value of $2,052,183.48. Following the transaction, the chief financial officer now directly owns 45,861 shares of the company’s stock, valued at approximately $15,128,626.68. This trade represents a 11.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider R David Schmaier sold 1,785 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $344.00, for a total value of $614,040.00. Following the sale, the insider now directly owns 19,116 shares of the company’s stock, valued at $6,575,904. The trade was a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,660 shares of company stock worth $14,194,689 in the last 90 days. 3.20% of the stock is owned by insiders.

Salesforce Company 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.