Salesforce Inc. $CRM Shares Purchased by Engineers Gate Manager LP

Engineers Gate Manager LP lifted its stake in Salesforce Inc. (NYSE:CRM) by 181.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 154,250 shares of the CRM provider’s stock after purchasing an additional 99,512 shares during the quarter. Salesforce comprises about 0.5% of Engineers Gate Manager LP’s portfolio, making the stock its 18th largest holding. Engineers Gate Manager LP’s holdings in Salesforce were worth $42,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CRM. Painted Porch Advisors LLC grew its holdings in shares of Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the last quarter. CBIZ Investment Advisory Services LLC lifted its position in Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after acquiring an additional 85 shares during the period. Christopher J. Hasenberg Inc grew its stake in Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after purchasing an additional 92 shares during the last quarter. Maseco LLP acquired a new position in shares of Salesforce in the second quarter valued at about $34,000. Finally, Quaker Wealth Management LLC raised its stake in shares of Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock worth $34,000 after purchasing an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insider Activity

In related news, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the sale, the insider owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Mason Morfit acquired 96,000 shares of Salesforce stock in a transaction on Friday, December 5th. The shares were bought at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the transaction, the director directly owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This trade represents a 3.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 177,534 shares of company stock worth $42,194,197 in the last quarter. Corporate insiders own 3.00% of the company’s stock.

Salesforce Trading Down 0.0%

Shares of Salesforce stock opened at $262.34 on Friday. The firm has a 50-day simple moving average of $245.50 and a two-hundred day simple moving average of $252.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.98 and a current ratio of 0.98. Salesforce Inc. has a fifty-two week low of $221.96 and a fifty-two week high of $367.09. The company has a market cap of $245.81 billion, a P/E ratio of 35.03, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.39. The firm had revenue of $10.26 billion during 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%.Salesforce’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, equities analysts predict that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRM. Sanford C. Bernstein reiterated an “underperform” rating on shares of Salesforce in a research report on Thursday, December 4th. Citigroup downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Truist Financial cut their price objective on shares of Salesforce from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, December 4th. UBS Group restated a “neutral” rating and set a $260.00 target price on shares of Salesforce in a research report on Thursday, December 4th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Twenty-eight analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $326.46.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.