Myecfo LLC Buys New Position in Salesforce Inc. $CRM

Myecfo LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 2,189 shares of the CRM provider’s stock, valued at approximately $503,000.

Other large investors also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of Salesforce during the fourth quarter worth about $34,000. Abound Financial LLC bought a new position in shares of Salesforce during the 4th quarter worth approximately $38,000. Costello Asset Management INC raised its holdings in shares of Salesforce by 410.3% in the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock valued at $28,000 after purchasing an additional 119 shares during the last quarter. ABS Investment Management LLC acquired a new stake in shares of Salesforce in the second quarter valued at approximately $610,974,000. Finally, ABS Direct Equity Fund LLC bought a new stake in shares of Salesforce in the second quarter worth $25,000. Institutional investors own 80.43% of the company’s stock.

Salesforce Stock Performance

Shares of CRM stock opened at $235.95 on Thursday. The company has a fifty day moving average price of $229.31 and a two-hundred day moving average price of $194.02. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The stock has a market cap of $194.19 billion, a P/E ratio of 21.51, a P/E/G ratio of 1.08 and a beta of 1.26. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. The company had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. Salesforce’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, equities analysts predict that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is currently 16.04%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Truist Financial restated a “buy” rating and set a $300.00 target price (up from $280.00) on shares of Salesforce in a report on Thursday, August 27th. Barclays cut Salesforce from an “overweight” rating to a “positive” rating in a report on Monday. Monness Crespi & Hardt raised their price objective on Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a report on Thursday, August 27th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded Salesforce from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, September 24th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $278.12.

Insider Activity at Salesforce

In other news, Director David Blair Kirk bought 4,176 shares of the firm’s stock in a transaction dated Friday, September 18th. The shares were bought at an average price of $239.33 per share, with a total value of $999,442.08. Following the completion of the transaction, the director 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 purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Craig Conway sold 4,500 shares of the stock in a transaction that occurred on 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 transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents 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 News Summary

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Analyst upgrade and AI acquisition support sentiment: Bank of America reportedly issued a rare double upgrade, arguing that Salesforce’s AI offerings could deepen customer dependence on its platform. The bullish call followed Salesforce’s agreement to acquire AI-powered analytics platform Loops, which could strengthen its data and analytics capabilities. Salesforce Gets a Rare BofA Double Upgrade
• Positive Sentiment: Technical setup points to additional upside: A weekly bullish reversal, daily double-bottom pattern and potential bullish-flag breakout suggest the post-breakout pullback may be ending, according to technical analysis. Salesforce Price Forecast
• Positive Sentiment: Expanded DocuSign partnership adds an AI workflow catalyst: DocuSign’s Intelligent Agreement Management platform will be integrated natively with Salesforce, Agentforce and Slack, potentially increasing the usefulness of Salesforce’s AI agents for revenue teams. DocuSign and Salesforce Launch Intelligent Agreement Management
• Neutral Sentiment: Relative valuation looks favorable: One comparison with ServiceNow concluded Salesforce has stronger earnings estimate revisions, faster AI growth and a lower valuation, although investors still need evidence that those advantages will translate into sustained growth. Salesforce vs. ServiceNow
• Negative Sentiment: AI monetization remains the key overhang: Despite earnings beats, skeptics question whether agentic AI can materially improve Salesforce’s profits. Reports also highlight AI cannibalization risks and note that many customers have not yet adopted a potentially important upgrade, leaving investors cautious about near-term revenue acceleration. Agentic AI Skepticism

Salesforce Company Profile

Salesforce, Inc (NYSE: CRM) develops cloud-based customer relationship management (CRM) software and enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, analytics, data integration and collaboration through subscription-based services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Salesforce Platform, Data Cloud and Tableau. Salesforce also offers MuleSoft integration technology, Slack collaboration software and artificial intelligence capabilities through its Einstein platform.