Salesforce Inc. $CRM Stock Sold by Vision Capital Management Inc.

Vision Capital Management Inc. decreased its position in Salesforce Inc. (NYSE:CRM) by 19.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,939 shares of the CRM provider’s stock after selling 5,308 shares during the quarter. Vision Capital Management Inc.’s holdings in Salesforce were worth $5,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fluent Financial LLC purchased a new stake in shares of Salesforce in the 2nd quarter worth approximately $2,265,000. TAM Capital Management Inc. bought a new position in Salesforce during the 1st quarter valued at approximately $40,945,000. Secured Retirement Advisors LLC bought a new position in Salesforce during the 1st quarter valued at approximately $1,004,000. Janus Henderson Group PLC raised its stake in Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after buying an additional 3,125 shares during the last quarter. Finally, Anchor Investment Management LLC raised its stake in Salesforce by 184.5% during the second quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock valued at $2,817,000 after buying an additional 11,663 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

CRM has been the topic of several analyst reports. Stephens reissued an “equal weight” rating and issued a $289.00 target price on shares of Salesforce in a report on Friday, September 18th. UBS Group restated a “buy” rating on shares of Salesforce in a report on Friday, September 11th. Barclays lowered Salesforce from an “overweight” rating to a “positive” rating in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Salesforce in a research report on Monday, October 12th. They issued a “buy” rating for the company. Finally, Freedom Broker upped their price target on shares of Salesforce from $230.00 to $295.00 and gave the stock a “buy” rating in a research note on Thursday, September 17th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $278.40.

Salesforce Price Performance

Shares of NYSE CRM opened at $242.77 on Tuesday. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11. The firm has a market cap of $199.80 billion, a P/E ratio of 22.13, a PEG ratio of 1.09 and a beta of 1.26. The company has a 50 day moving average of $232.38 and a 200 day moving average of $195.29. 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 (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The business had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same period last year, the business posted $2.91 EPS. The company’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. As a group, research analysts expect that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Announces Dividend

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

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.