Continuum Advisory LLC Grows Stock Holdings in Salesforce, Inc. (NYSE:CRM)

Continuum Advisory LLC lifted its position in Salesforce, Inc. (NYSE:CRM) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,871 shares of the CRM provider’s stock after buying an additional 196 shares during the period. Continuum Advisory LLC’s holdings in Salesforce were worth $1,294,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CRM. Bernard Wealth Management Corp. purchased a new stake in shares of Salesforce during the fourth quarter worth about $25,000. Accredited Wealth Management LLC acquired a new stake in Salesforce in the 4th quarter worth approximately $27,000. Arlington Trust Co LLC grew its position in Salesforce by 85.1% during the 4th quarter. Arlington Trust Co LLC now owns 87 shares of the CRM provider’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. Compass Financial Services Inc acquired a new position in Salesforce during the 4th quarter valued at approximately $30,000. Finally, Asset Planning Inc purchased a new position in shares of Salesforce in the fourth quarter worth $31,000. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

In other Salesforce news, insider Miguel Milano sold 458 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $307.97, for a total value of $141,050.26. Following the completion of the sale, the insider now directly owns 5,864 shares in the company, valued at $1,805,936.08. This represents a 7.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider R David Schmaier sold 6,959 shares of Salesforce stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $253.31, for a total value of $1,762,784.29. Following the transaction, the insider now owns 36,090 shares in the company, valued at approximately $9,141,957.90. This represents a 16.17% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,306 shares of company stock worth $12,841,368. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the topic of several research reports. Westpark Capital reissued a “buy” rating and issued a $320.00 target price on shares of Salesforce in a research report on Wednesday, April 30th. Loop Capital cut their price objective on Salesforce from $330.00 to $300.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Stephens started coverage on Salesforce in a report on Wednesday, March 19th. They set an “equal weight” rating and a $311.00 target price for the company. Guggenheim raised shares of Salesforce from a “sell” rating to a “neutral” rating in a report on Monday, April 21st. Finally, Robert W. Baird dropped their target price on Salesforce from $430.00 to $400.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-two have issued a buy rating and five have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $351.59.

Salesforce Price Performance

Salesforce stock opened at $282.35 on Thursday. The company has a fifty day simple moving average of $268.53 and a 200-day simple moving average of $306.85. The firm has a market capitalization of $271.45 billion, a price-to-earnings ratio of 46.44, a PEG ratio of 2.58 and a beta of 1.42. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.14. Salesforce, Inc. has a 52-week low of $212.00 and a 52-week high of $369.00.

Salesforce Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 10th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, April 10th. This is a positive change from Salesforce’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 0.60%. Salesforce’s payout ratio is presently 26.10%.

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.