Copperleaf Capital LLC raised its position in shares of Salesforce, Inc. (NYSE:CRM - Free Report) by 126.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,401 shares of the CRM provider's stock after purchasing an additional 2,460 shares during the period. Copperleaf Capital LLC's holdings in Salesforce were worth $1,471,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Foundations Investment Advisors LLC increased its holdings in shares of Salesforce by 15.0% during the fourth 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 shares of Salesforce during the third quarter worth $1,215,000. Prime Capital Investment Advisors LLC increased its holdings in shares of Salesforce by 13.6% during the third quarter. Prime Capital Investment Advisors LLC now owns 58,036 shares of the CRM provider's stock worth $15,885,000 after buying an additional 6,938 shares in the last quarter. Aljian Capital Management LLC increased its holdings in shares of Salesforce by 16.1% during the third quarter. Aljian Capital Management LLC now owns 13,258 shares of the CRM provider's stock worth $3,629,000 after buying an additional 1,834 shares in the last quarter. Finally, AIA Group Ltd increased its holdings in shares of Salesforce by 8.9% during the third quarter. AIA Group Ltd now owns 24,028 shares of the CRM provider's stock worth $6,577,000 after buying an additional 1,962 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Shares of CRM stock opened at $325.49 on Friday. The company has a 50 day moving average of $336.56 and a 200-day moving average of $302.79. 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 12-month low of $212.00 and a 12-month high of $369.00. The firm has a market cap of $311.49 billion, a P/E ratio of 53.53, a PEG ratio of 2.66 and a beta of 1.31.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings results on Tuesday, December 3rd. The CRM provider reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.03). The company had revenue of $9.44 billion for the quarter, compared to analysts' expectations of $9.35 billion. Salesforce had a return on equity of 12.34% and a net margin of 15.96%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. Sell-side analysts anticipate that Salesforce, Inc. will post 7.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, December 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Wednesday, December 18th. Salesforce's dividend payout ratio (DPR) is presently 26.32%.

Several analysts recently weighed in on the stock. TD Cowen raised shares of Salesforce from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $380.00 to $400.00 in a research note on Friday, January 17th. Jefferies Financial Group boosted their price objective on shares of Salesforce from $400.00 to $425.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Piper Sandler reissued an "overweight" rating and issued a $405.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. Scotiabank boosted their price objective on shares of Salesforce from $425.00 to $440.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, December 4th. Finally, Macquarie reissued a "neutral" rating and issued a $370.00 price objective on shares of Salesforce in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $377.63.

View Our Latest Analysis on CRM

In other Salesforce news, CFO Amy E. Weaver sold 6,221 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $329.88, for a total value of $2,052,183.48. Following the completion of the transaction, the chief financial officer now directly owns 45,861 shares of the company's stock, valued at $15,128,626.68. This trade represents a 11.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Miguel Milano sold 719 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $342.81, for a total transaction of $246,480.39. Following the completion of the transaction, the insider now directly owns 4,659 shares of the company's stock, valued at approximately $1,597,151.79. The trade was a 13.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,111,420 shares of company stock valued at $384,366,700. Company insiders own 3.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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