Unusual Call Option Trade in Salesforce Worth $593.73K

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Published: May 19, 2023 3:51 am

Last Updated: May 19, 2023 11:53 am

On May 18, 2023 at 14:55:49 ET an unusually large $593.73K block of Call contracts in Salesforce (CRM) was bought, with a strike price of $205.00 / share, expiring in 1 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.47 sigmas above the mean, placing it in the 95.06th percentile of all recent large trades made in CRM options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 3460 funds or institutions reporting positions in Salesforce. This is an increase of 129 owner(s) or 3.87% in the last quarter. Average portfolio weight of all funds dedicated to CRM is 0.71%, an increase of 16.96%. Total shares owned by institutions increased in the last three months by 4.19% to 892,698K shares. The put/call ratio of CRM is 1.23, indicating a bearish outlook.

Analyst Price Forecast Suggests 7.84% Upside

As of May 11, 2023, the average one-year price target for Salesforce is 225.80. The forecasts range from a low of 146.45 to a high of $341.25. The average price target represents an increase of 7.84% from its latest reported closing price of 209.38.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Salesforce is 34,736MM, an increase of 10.79%. The projected annual non-GAAP EPS is 5.71.

What are Other Shareholders Doing?

Ofi Invest Asset Management holds 37,272K shares representing 3.81% ownership of the company.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 28,880K shares representing 2.95% ownership of the company. In it’s prior filing, the firm reported owning 28,207K shares, representing an increase of 2.33%. The firm decreased its portfolio allocation in CRM by 12.84% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 23,117K shares representing 2.36% ownership of the company. In it’s prior filing, the firm reported owning 22,555K shares, representing an increase of 2.43%. The firm decreased its portfolio allocation in CRM by 12.96% over the last quarter.

Price T Rowe Associates holds 19,133K shares representing 1.95% ownership of the company. In it’s prior filing, the firm reported owning 26,293K shares, representing a decrease of 37.42%. The firm increased its portfolio allocation in CRM by 2.04% over the last quarter.

Geode Capital Management holds 17,749K shares representing 1.81% ownership of the company. In it’s prior filing, the firm reported owning 17,417K shares, representing an increase of 1.87%. The firm increased its portfolio allocation in CRM by 42.01% over the last quarter.

Salesforce Background Information
(This description is provided by the company.)

Salesforce, the global CRM leader, empowers companies of every size and industry to digitally transform and create a 360° view of their customers.

Key filings for this company: