Regent Peak Wealth Advisors LLC Takes $492,000 Position in Salesforce Inc. $CRM

Regent Peak Wealth Advisors LLC bought a new position in shares of Salesforce Inc. (NYSE:CRM) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,074 shares of the CRM provider’s stock, valued at approximately $492,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of Salesforce by 13.7% during the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after purchasing an additional 3,102 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in Salesforce by 12.6% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after buying an additional 205 shares during the last quarter. Bison Wealth LLC increased its stake in Salesforce by 9.0% during the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after buying an additional 184 shares in the last quarter. Gabelli Funds LLC raised its holdings in shares of Salesforce by 4.0% during the first quarter. Gabelli Funds LLC now owns 2,085 shares of the CRM provider’s stock valued at $560,000 after acquiring an additional 80 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Salesforce by 33.8% during the first quarter. Gamco Investors INC. ET AL now owns 3,190 shares of the CRM provider’s stock valued at $856,000 after acquiring an additional 805 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Price Performance

Salesforce stock opened at $265.29 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average price of $248.70 and a 200 day moving average price of $251.77. Salesforce Inc. has a 12-month low of $221.96 and a 12-month high of $367.09. The stock has a market cap of $248.57 billion, a P/E ratio of 35.42, a PEG ratio of 1.98 and a beta of 1.25.

Salesforce (NYSE:CRM) last posted its 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. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The company had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. During the same period in the previous year, the business posted $2.41 EPS. Salesforce’s revenue was up 9.1% on a year-over-year basis. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Sell-side analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

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

Analyst Ratings Changes

CRM has been the subject of several research reports. Northland Securities boosted their price target on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Stifel Nicolaus dropped their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Bank of America lowered their price target on shares of Salesforce from $325.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, November 17th. Finally, Sanford C. Bernstein reiterated an “underperform” rating on shares of Salesforce in a report on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.68.

Insiders Place Their Bets

In other Salesforce news, Director David Blair Kirk purchased 1,936 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $258.64 per share, with a total value of $500,727.04. Following the purchase, the director directly owned 10,677 shares in the company, valued at approximately $2,761,499.28. This trade represents a 22.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director G Mason Morfit acquired 96,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The shares were acquired at an average cost 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 in the company, valued at approximately $780,309,155.22. The trade was a 3.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold 166,284 shares of company stock worth $39,439,229 over the last ninety days. Company insiders own 3.00% of the company’s stock.

Salesforce 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.