Salesforce, Inc. (CRM:NYE) recently released its fourth quarter filing with the Securities and Exchange Commission, revealing that institutional investor Transcend Capital Advisors LLC had reduced its position in the company by 3.3% in the fourth quarter. The investor had sold 553 shares of the Salesforce stock, leaving it with 16,366 shares, worth $2.17 million.
Other institutional investors and hedge funds have also bought and sold shares of Salesforce. CRM stock opened at $192.30 on the NYSE on Wednesday, with a market capitalization of $192.30 billion. CEO Marc Benioff recently sold 725 shares of the stock for $190.76 per share.
Salesforce Stock Forecast:
Based on the CRM stock forecast from 56 analysts, the average analyst target price for Salesforce.com Inc is USD 200.54 over the next 12 months. Salesforce.com Inc’s average analyst rating is Strong Buy.
Stock Target Advisor’s own stock analysis of Salesforce.com Inc is Slightly Bullish , which is based on 6 positive signals and 3 negative signals. At the last closing, CRM stock price was USD 192.30. Salesforce.com Inc’s stock price has changed by +1.92% over the past week, +17.54% over the past month and -10.67% over the last year.
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 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. Salesforce, Inc. was incorporated in 1999 and is headquartered in San Francisco, California.