One Way Holdings LLC increased its stake in Salesforce Inc. (NYSE:CRM – Free Report) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,287 shares of the CRM provider’s stock after purchasing an additional 4,616 shares during the quarter. Salesforce makes up 1.5% of One Way Holdings LLC’s investment portfolio, making the stock its 18th largest holding. One Way Holdings LLC’s holdings in Salesforce were worth $34,501,000 as of its most recent filing with the Securities and Exchange Commission.
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Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Salesforce in the second quarter worth approximately $11,396,844,000. Bank of America Corp DE acquired a new position in Salesforce in the 2nd quarter worth approximately $1,914,086,000. Arrowstreet Capital Limited Partnership grew its position in Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares in the last quarter. Legal & General Group Plc acquired a new stake in Salesforce during the 2nd quarter valued at $927,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in Salesforce during the 2nd quarter valued at $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.
Insider Buying and Selling at Salesforce
In other Salesforce news, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the sale, the director owned 5,437 shares of the company’s stock, valued at $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Blair Kirk bought 4,176 shares of Salesforce stock in a transaction that occurred on Friday, September 18th. The stock was bought at an average price of $239.33 per share, with a total value of $999,442.08. Following the completion of the acquisition, the director owned 18,748 shares in the company, valued at approximately $4,486,958.84. The trade was a 28.66% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.50% of the stock is currently owned by insiders.
Salesforce Stock Down 0.3%
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CRM opened at $228.56 on Monday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The business has a 50-day moving average of $238.94 and a 200-day moving average of $198.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $188.10 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24.
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