Aviso Wealth Management Buys 73 Shares of Salesforce, Inc. (NYSE:CRM)

Aviso Wealth Management grew its position in shares of Salesforce, Inc. (NYSE:CRM) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,698 shares of the CRM provider’s stock after buying an additional 73 shares during the quarter. Aviso Wealth Management’s holdings in Salesforce were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. United Bank boosted its holdings in shares of Salesforce by 1.1% in the third quarter. United Bank now owns 7,303 shares of the CRM provider’s stock valued at $1,999,000 after buying an additional 76 shares during the period. Penserra Capital Management LLC boosted its holdings in shares of Salesforce by 1.2% in the 3rd quarter. Penserra Capital Management LLC now owns 8,825 shares of the CRM provider’s stock valued at $2,415,000 after buying an additional 105 shares during the last quarter. Hancock Whitney Corp raised its holdings in shares of Salesforce by 0.8% in the 3rd quarter. Hancock Whitney Corp now owns 10,807 shares of the CRM provider’s stock valued at $2,958,000 after purchasing an additional 88 shares during the period. Dai ichi Life Insurance Company Ltd lifted its position in shares of Salesforce by 7.9% in the third quarter. Dai ichi Life Insurance Company Ltd now owns 78,019 shares of the CRM provider’s stock valued at $21,355,000 after buying an additional 5,700 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Salesforce by 5.1% during the 3rd quarter. Brooklyn Investment Group now owns 7,167 shares of the CRM provider’s stock worth $1,962,000 after acquiring an additional 346 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Trading Up 0.9 %

NYSE CRM opened at $288.59 on Wednesday. Salesforce, Inc. has a one year low of $212.00 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.11 and a quick ratio of 1.11. The business has a 50 day simple moving average of $312.15 and a 200 day simple moving average of $310.95. The stock 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.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CRM shares. Guggenheim reaffirmed a “sell” rating and set a $247.00 price objective on shares of Salesforce in a research report on Thursday, February 27th. Citigroup reiterated a “buy” rating on shares of Salesforce in a research note on Wednesday, March 19th. Royal Bank of Canada boosted their price objective on Salesforce from $300.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler reiterated an “overweight” rating on shares of Salesforce in a research note on Wednesday, March 19th. Finally, KeyCorp upgraded Salesforce from a “sector weight” rating to an “overweight” rating and set a $440.00 price target for the company in a research note on Friday, December 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-one have given a buy rating and five have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $362.74.

Insider Transactions at Salesforce

In other Salesforce news, CAO Sundeep G. Reddy sold 436 shares of Salesforce stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $332.28, for a total value of $144,874.08. Following the completion of the sale, the chief accounting officer now directly owns 7,057 shares of the company’s stock, valued at approximately $2,344,899.96. The trade was a 5.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider R David Schmaier sold 1,785 shares of the stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $344.00, for a total transaction of $614,040.00. Following the transaction, the insider now directly owns 19,116 shares in the company, valued at $6,575,904. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,660 shares of company stock valued at $14,194,689 in the last quarter. 3.20% of the stock is currently owned by company 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.