Milestone Asset Management LLC Boosts Stake in Salesforce Inc. $CRM

Milestone Asset Management LLC grew its position in shares of Salesforce Inc. (NYSE:CRM) by 281.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,908 shares of the CRM provider’s stock after acquiring an additional 7,312 shares during the quarter. Milestone Asset Management LLC’s holdings in Salesforce were worth $2,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CRM. ZWJ Investment Counsel Inc. lifted its position in Salesforce by 4.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 961 shares of the CRM provider’s stock worth $228,000 after buying an additional 45 shares during the last quarter. Alhambra Investment Management LLC boosted its position in Salesforce by 29.5% in the 3rd quarter. Alhambra Investment Management LLC now owns 1,031 shares of the CRM provider’s stock valued at $244,000 after buying an additional 235 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Salesforce by 1.9% in the third quarter. Harbor Capital Advisors Inc. now owns 21,007 shares of the CRM provider’s stock valued at $4,979,000 after purchasing an additional 393 shares during the period. Norden Group LLC grew its position in shares of Salesforce by 433.3% during the 3rd quarter. Norden Group LLC now owns 32,830 shares of the CRM provider’s stock worth $7,781,000 after buying an additional 26,674 shares in the last quarter. Finally, ARS Investment Partners LLC grew its holdings in Salesforce by 0.8% during the 3rd quarter. ARS Investment Partners LLC now owns 65,338 shares of the CRM provider’s stock worth $15,485,000 after acquiring an additional 516 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

NYSE:CRM opened at $265.29 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.09. The firm has a market cap of $248.57 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The stock has a 50 day moving average of $248.30 and a two-hundred day moving average of $251.67.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, December 18th. Salesforce’s dividend payout ratio is presently 22.16%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Guggenheim reaffirmed a “neutral” rating on shares of Salesforce in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Salesforce from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. JMP Securities reissued a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Friday, October 17th. Truist Financial reduced their target price on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, December 4th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $326.68.

Insider Activity

In other Salesforce news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. The trade was a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk acquired 1,936 shares of Salesforce stock in a transaction that occurred on Wednesday, December 17th. The stock was bought at an average price of $258.64 per share, for a total transaction of $500,727.04. Following the completion of the acquisition, the director owned 10,677 shares in the company, valued at $2,761,499.28. This trade represents a 22.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 168,534 shares of company stock valued at $39,985,777 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Salesforce Company Profile

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.