Salesforce Inc. $CRM Shares Purchased by Private Advisory Group LLC

Private Advisory Group LLC increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 1,720.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,394 shares of the CRM provider’s stock after purchasing an additional 30,615 shares during the quarter. Private Advisory Group LLC’s holdings in Salesforce were worth $7,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRM. Letko Brosseau & Associates Inc. boosted its position in shares of Salesforce by 11.9% during the third quarter. Letko Brosseau & Associates Inc. now owns 564,855 shares of the CRM provider’s stock worth $129,674,000 after acquiring an additional 60,045 shares during the last quarter. Point Windward Advisors Inc. grew its stake in Salesforce by 1.8% during the third quarter. Point Windward Advisors Inc. now owns 15,645 shares of the CRM provider’s stock valued at $3,592,000 after acquiring an additional 279 shares in the last quarter. PBU The Pension Fund of Early Childhood & Youth Educators grew its stake in Salesforce by 9.4% during the third quarter. PBU The Pension Fund of Early Childhood & Youth Educators now owns 151,960 shares of the CRM provider’s stock valued at $34,885,000 after acquiring an additional 13,110 shares in the last quarter. Van Strum & Towne Inc. increased its holdings in Salesforce by 5.4% in the 3rd quarter. Van Strum & Towne Inc. now owns 25,583 shares of the CRM provider’s stock valued at $5,873,000 after acquiring an additional 1,313 shares during the last quarter. Finally, Three Bridge Wealth Advisors LLC bought a new stake in Salesforce in the 3rd quarter valued at $129,000. Institutional investors own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRM. Barclays cut shares of Salesforce from an “overweight” rating to a “positive” rating in a research note on Monday, October 12th. Wall Street Zen lowered Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Guggenheim raised their price objective on Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Salesforce in a report on Thursday, August 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Four research 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 assigned a Sell rating to the company. According to data from MarketBeat, Salesforce has a consensus rating of “Moderate Buy” and an average price target of $278.98.

Insider Activity

In related news, Director Craig Conway sold 4,500 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction that occurred on 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 transaction, the director owned 18,748 shares of the company’s stock, valued at $4,486,958.84. This represents a 28.66% increase in their position. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by corporate insiders.

Salesforce Trading Down 0.3%

CRM stock opened at $217.38 on Friday. The firm has a fifty day moving average price of $236.19 and a 200 day moving average price of $198.42. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The firm has a market cap of $178.91 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84.

Salesforce (NYSE:CRM) last released its quarterly 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 the consensus estimate of $11.33 billion. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. Salesforce’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.91 earnings per share. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were issued a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.8%. Salesforce’s payout ratio is 16.04%.

Salesforce Profile

Salesforce, Inc. is a cloud-based software company best known for customer relationship management (CRM) tools. Its platform helps businesses manage sales, customer service, marketing, commerce and customer data, and includes products such as Sales Cloud, Service Cloud, Data Cloud and Agentforce. The company also offers Slack for workplace collaboration, Tableau for data analytics and visualization, and MuleSoft for connecting applications and data. Salesforce’s products are used by organizations across a range of industries and are available to customers around the world.