Salesforce Inc. $CRM Stock Position Raised by DMC Group LLC

DMC Group LLC boosted its stake in shares of Salesforce Inc. (NYSE:CRM) by 85.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,547 shares of the CRM provider’s stock after purchasing an additional 2,090 shares during the period. DMC Group LLC’s holdings in Salesforce were worth $1,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Thor Investment Management Inc. OH ADV raised its holdings in shares of Salesforce by 0.7% during the third quarter. Thor Investment Management Inc. OH ADV now owns 6,422 shares of the CRM provider’s stock worth $1,474,000 after purchasing an additional 45 shares during the last quarter. Bradley & Co. Private Wealth Management LLC lifted its position in Salesforce by 9.6% during the third quarter. Bradley & Co. Private Wealth Management LLC now owns 558 shares of the CRM provider’s stock valued at $128,000 after purchasing an additional 49 shares during the period. Crumly & Associates Inc. boosted its holdings in Salesforce by 1.5% in the third quarter. Crumly & Associates Inc. now owns 3,396 shares of the CRM provider’s stock valued at $780,000 after purchasing an additional 50 shares during the last quarter. Meridian Financial Partners LLC boosted its holdings in Salesforce by 1.1% in the third quarter. Meridian Financial Partners LLC now owns 4,700 shares of the CRM provider’s stock valued at $1,160,000 after purchasing an additional 50 shares during the last quarter. Finally, Peterson Wealth Services grew its position in Salesforce by 3.6% during the 3rd quarter. Peterson Wealth Services now owns 1,549 shares of the CRM provider’s stock worth $356,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: AI growth remains a key bullish argument. Agentforce adoption and Salesforce’s broader generative-AI strategy are strengthening the company’s growth narrative, potentially supporting future earnings and customer engagement expansion. Agentforce Growth Strengthens Salesforce’s Generative AI Narrative
• Positive Sentiment: Analysts and growth screens remain broadly favorable. Zacks highlighted Salesforce as a top-ranked growth stock, while average brokerage recommendations remain optimistic. Commentary also argues that the shares look inexpensive relative to Salesforce’s earnings power, which could attract value-oriented investors. Salesforce Is a Top-Ranked Growth Stock
• Neutral Sentiment: The Braze acquisition is under investor review. Salesforce’s reported $5.66 billion deal for Braze places greater emphasis on whether the transaction can accelerate customer-engagement growth and generate acceptable returns, although the near-term financial impact remains uncertain. Stocktwits M&A Watch
• Negative Sentiment: Profit-taking appears to be weighing on the stock. Burke Wealth Management sold Salesforce after its roughly 20% post-earnings rally, signaling that some investors are locking in gains despite strong operating results. Why Burke Wealth Sold Salesforce After Its Post-Earnings Rally
• Negative Sentiment: Market expectations may already reflect much of the good news. Investors are questioning whether Salesforce’s valuation fully accounts for its earnings strength, AI ambitions and recent performance. That concern can pressure the shares when there is no fresh catalyst, even though the company’s fundamentals remain solid. Salesforce Stock Drops Despite Market Gains

Salesforce Trading Down 2.7%

Shares of Salesforce stock opened at $240.82 on Wednesday. The stock has a 50 day moving average of $237.06 and a 200 day moving average of $199.27. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11.

Salesforce (NYSE:CRM) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analyst estimates of $11.33 billion. During the same quarter in the prior year, the company posted $2.91 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Research analysts predict that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 17th.

Insider Activity at Salesforce

In other Salesforce news, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction on Friday, September 18th. The stock was acquired at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the purchase, the director directly owned 18,748 shares in the company, valued at approximately $4,486,958.84. The trade was a 28.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Craig Conway sold 4,500 shares of the company’s stock in a transaction 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 sale, the director directly owned 5,437 shares in the company, valued at $1,416,936.57. This represents a 45.29% decrease in their position. The SEC filing for this sale provides additional information. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CRM has been the subject of several recent research reports. Truist Financial reiterated a “buy” rating and set a $300.00 price target (up from $280.00) on shares of Salesforce in a research report on Thursday, August 27th. Wolfe Research upgraded Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Mizuho raised their price objective on shares of Salesforce from $265.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Guggenheim lifted their target price on shares of Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, September 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Salesforce in a report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.