8,979 Salesforce Inc. $CRM Shares Acquired by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,810 shares of the CRM provider’s stock after acquiring an additional 8,979 shares during the quarter. Salesforce makes up approximately 1.0% of Bank Pictet & Cie Europe AG’s holdings, making the stock its 25th biggest holding. Bank Pictet & Cie Europe AG’s holdings in Salesforce were worth $55,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CRM. ABS Direct Equity Fund LLC acquired a new position in Salesforce in the second quarter valued at approximately $25,000. Manning & Napier Advisors LLC acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $26,000. Persistent Asset Partners Ltd acquired a new stake in shares of Salesforce during the 2nd quarter worth approximately $27,000. Costello Asset Management INC lifted its holdings in shares of Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after purchasing an additional 119 shares during the last quarter. Finally, Gables Capital Management Inc. bought a new stake in shares of Salesforce in the 2nd quarter worth approximately $28,000. Institutional investors own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In other Salesforce news, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the sale, the director directly owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction on Friday, September 18th. The shares were bought at an average price of $239.33 per share, for a total transaction of $999,442.08. Following the completion of the transaction, the director directly owned 18,748 shares in the company, valued at $4,486,958.84. This represents a 28.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.50% of the company’s stock.

Salesforce Stock Performance

Salesforce stock traded down $0.49 during mid-day trading on Tuesday, hitting $241.96. 3,773,521 shares of the company’s stock traded hands, compared to its average volume of 13,468,493. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a one year low of $146.32 and a one year high of $269.11. The firm has a 50 day moving average price of $232.38 and a 200 day moving average price of $195.29. The company has a market cap of $199.13 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.09 and a beta of 1.26.

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, topping the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. On average, equities analysts forecast that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, September 17th. This represents a $1.76 annualized dividend and a yield of 0.7%. Salesforce’s dividend payout ratio is presently 16.04%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citizens Jmp restated a “market outperform” rating and set a $315.00 price objective on shares of Salesforce in a research report on Friday, September 18th. Erste Group Bank raised Salesforce from a “hold” rating to a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $250.00 target price on shares of Salesforce in a research note on Thursday, September 17th. Deutsche Bank Aktiengesellschaft started coverage on Salesforce in a research note on Monday, October 12th. They issued a “buy” rating on the stock. Finally, Monness Crespi & Hardt boosted their price target on shares of Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a report on Thursday, August 27th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce currently has a consensus rating of “Moderate Buy” and an average target price of $278.40.

Key Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce will pay $47.50 per Braze share, a premium of approximately 58%, adding a customer-engagement platform that uses real-time customer behavior data. The transaction could strengthen Salesforce’s marketing capabilities, broaden its AI product portfolio and create cross-selling opportunities across its enterprise customer base. Salesforce Signs Definitive Agreement to Acquire Braze
• Positive Sentiment: Braze’s acquisition puts the value of customer-engagement and marketing software in focus, lifting sentiment toward the broader sector. For Salesforce, the deal supports its effort to make AI more useful by combining customer data, marketing automation and its CRM platform. Braze rallies as Salesforce acquisition puts marketing software in focus
• Neutral Sentiment: Salesforce’s Informatica acquisition continues to be viewed as a potential data advantage that could improve its AI offerings and generate additional revenue. Investors are likely to focus on whether these data and software investments translate into faster, more sustainable growth. Informatica Boosts Salesforce’s Data Edge
• Negative Sentiment: The all-cash Braze transaction is pressuring Salesforce shares because investors are questioning whether the premium is justified and whether management can integrate another major platform while maintaining growth and margins. The acquisition also increases near-term capital-allocation and execution risk. Salesforce stock falls as Braze deal raises acquisition concerns

Salesforce 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.