Kercheville Advisors LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,400 shares of the CRM provider’s stock, valued at approximately $1,469,000.
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A number of other large investors have also bought and sold shares of CRM. Abel Hall LLC bought a new stake in Salesforce in the 3rd quarter valued at about $320,000. RWQ Financial Management Services Inc. bought a new position in shares of Salesforce in the 3rd quarter worth $4,607,000. Independent Wealth Network Inc. bought a new stake in Salesforce during the 3rd quarter valued at $255,000. BDF Gestion bought a new stake in Salesforce during the 3rd quarter valued at $2,806,000. Finally, Client 1ST Advisory Group LLC acquired a new position in Salesforce during the third quarter worth $257,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other Salesforce news, Director David Blair Kirk bought 4,176 shares of the business’s stock in a transaction on Friday, September 18th. The stock was purchased at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, the director directly owned 18,748 shares of the company’s stock, valued at $4,486,958.84. This trade represents a 28.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by corporate insiders.
Salesforce Stock Performance
Shares of Salesforce stock traded up $2.07 on Monday, reaching $242.77. 7,038,715 shares of the company traded hands, compared to its average volume of 13,517,932. 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 50 day moving average of $232.38 and a 200 day moving average of $195.29. Salesforce Inc. has a 52 week low of $146.32 and a 52 week high of $269.11. The firm has a market capitalization of $199.80 billion, a PE ratio of 22.13, a PEG ratio of 1.09 and a beta of 1.26.
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