5,001 Shares in Salesforce Inc. $CRM Purchased by Oslo Pensjonsforsikring AS

Oslo Pensjonsforsikring AS purchased a new stake in shares of Salesforce Inc. (NYSE:CRMFree Report) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 5,001 shares of the CRM provider’s stock, valued at approximately $934,000.

A number of other large investors also recently bought and sold shares of the stock. Temasek Holdings Private Ltd grew its stake in Salesforce by 3.7% in the 4th quarter. Temasek Holdings Private Ltd now owns 683,790 shares of the CRM provider’s stock valued at $181,143,000 after acquiring an additional 24,332 shares during the period. SFE Investment Counsel raised its position in Salesforce by 82.7% during the fourth quarter. SFE Investment Counsel now owns 17,394 shares of the CRM provider’s stock worth $4,608,000 after acquiring an additional 7,871 shares during the period. Secured Retirement Advisors LLC purchased a new position in Salesforce during the first quarter valued at $1,004,000. Hilton Head Capital Partners LLC purchased a new position in Salesforce during the fourth quarter valued at $997,000. Finally, Independent Franchise Partners LLP purchased a new stake in shares of Salesforce during the fourth quarter worth about $142,521,000. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Performance

NYSE:CRM opened at $170.37 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $139.53 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.94 and a beta of 1.18. The company’s 50-day moving average is $170.55 and its two-hundred day moving average is $189.35. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $274.00.

Salesforce (NYSE:CRMGet Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.13 by $0.75. The business had revenue of $11.13 billion during the quarter, compared to the consensus estimate of $11.05 billion. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.58 EPS. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Analysts forecast that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 11th. Salesforce’s dividend payout ratio (DPR) is presently 20.37%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Salesforce in a research note on Friday, June 12th. Canaccord Genuity Group restated a “buy” rating and issued a $225.00 target price on shares of Salesforce in a research report on Tuesday, June 16th. Citigroup raised Salesforce from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Wedbush assumed coverage on Salesforce in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. Finally, UBS Group restated an “equal weight” rating on shares of Salesforce in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.51.

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Salesforce Profile

(Free Report)

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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