Salesforce Inc. $CRM Shares Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its holdings in Salesforce Inc. (NYSE:CRM) by 44.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,678 shares of the CRM provider’s stock after selling 22,819 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Salesforce were worth $6,584,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Salesforce during the 2nd quarter worth about $11,396,844,000. Bank of America Corp DE acquired a new position in shares of Salesforce during the 2nd quarter worth about $1,914,086,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 buying an additional 7,160,302 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Salesforce during the 2nd quarter worth about $927,332,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Salesforce in the 2nd quarter valued at about $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk bought 4,176 shares of Salesforce stock in a transaction dated 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 transaction, the director owned 18,748 shares in the company, valued at $4,486,958.84. The trade was a 28.66% increase in their position. The transaction 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 business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the completion of the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.

Salesforce Price Performance

Shares of NYSE CRM opened at $248.79 on Monday. The firm has a market cap of $204.76 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.26. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The business’s 50 day moving average is $236.30 and its 200-day moving average is $196.97.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share for the quarter, topping the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts predict that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a dividend of $0.44 per share. 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 (DPR) is presently 16.04%.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce’s AI products are reportedly growing at triple-digit rates, while its Agentforce platform and more than $14 billion in annual free cash flow could support profitable expansion. The company’s valuation may look attractive if AI adoption accelerates. Salesforce Is Betting Big on AI. The Payoff Could Be Bigger Than Investors Expect
• Positive Sentiment: Cantor Fitzgerald reaffirmed an “Overweight” rating, indicating continued confidence in Salesforce’s growth outlook and AI transition. Salesforce Stock Rating Reaffirmed as Overweight
• Positive Sentiment: The $5.66 billion Braze purchase could expand Salesforce’s customer-engagement capabilities and strengthen its push from AI defense toward a broader autonomous-agent strategy. Salesforce’s $5.6B Braze Buyout
• Neutral Sentiment: Investor comparisons with Adobe, Arista Networks and Snowflake highlight Salesforce’s CRM leadership, focus on profitable growth and AI-agent pivot, but do not represent new company-specific developments. Salesforce vs. Snowflake
• Negative Sentiment: Investors may be concerned that the Braze acquisition’s $5.66 billion price will increase integration risk and pressure near-term returns. Questions about contracts, pricing and customer impact could temper enthusiasm for the deal. Salesforce to Buy Braze for $5.66B

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRM. Yorkville Ives initiated coverage on Salesforce in a research report on Monday, October 5th. They issued an “outperform” rating and a $290.00 target price on the stock. Evercore reiterated an “outperform” rating on shares of Salesforce in a report on Tuesday, October 20th. Susquehanna started coverage on Salesforce in a research report on Wednesday, July 1st. They set a “neutral” rating for the company. Canaccord Genuity Group raised their price target on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Finally, Phillip Securities lowered Salesforce from a “buy” rating to a “hold” rating and lowered their price target for the stock from $253.00 to $166.00 in a research report on Monday, June 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.98.

Salesforce Company Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.