Salesforce Inc. $CRM Stock Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Salesforce Inc. (NYSE:CRM) by 65.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 39,263 shares of the CRM provider’s stock after acquiring an additional 15,536 shares during the period. Park Avenue Securities LLC’s holdings in Salesforce were worth $9,014,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its position in shares of Salesforce by 71.0% during the third quarter. Verdence Capital Advisors LLC now owns 11,392 shares of the CRM provider’s stock worth $2,615,000 after acquiring an additional 4,730 shares during the last quarter. AGH Wealth Advisors LLC grew its stake in Salesforce by 11.9% during the third quarter. AGH Wealth Advisors LLC now owns 2,126 shares of the CRM provider’s stock valued at $488,000 after acquiring an additional 226 shares in the last quarter. Flagship Harbor Advisors LLC increased its holdings in Salesforce by 5.3% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 8,081 shares of the CRM provider’s stock valued at $1,855,000 after acquiring an additional 406 shares during the last quarter. Mill Capital Management LLC increased its holdings in Salesforce by 0.5% in the 3rd quarter. Mill Capital Management LLC now owns 60,148 shares of the CRM provider’s stock valued at $13,808,000 after acquiring an additional 302 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Salesforce by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 125,629 shares of the CRM provider’s stock valued at $28,841,000 after acquiring an additional 905 shares during the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce News Summary

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

Insider Transactions at Salesforce

In related news, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was 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 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 SEC, which is available at the SEC website. Also, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction that occurred 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. The trade was a 45.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRM has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Salesforce in a research note on Monday, October 12th. They issued a “buy” rating on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Stephens reaffirmed an “equal weight” rating and issued a $289.00 target price on shares of Salesforce in a report on Friday, September 18th. Weiss Ratings upgraded Salesforce from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, September 24th. Finally, Morgan Stanley set a $315.00 price target on Salesforce in a research note on Wednesday, September 2nd. 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $278.98.

Salesforce Stock Down 2.7%

Salesforce stock opened at $240.82 on Wednesday. The firm’s fifty day moving average is $237.06 and its 200 day moving average is $199.27. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 billion for the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter last year, the business earned $2.91 EPS. Salesforce’s revenue for the quarter 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. Equities research analysts expect that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 0.7%.

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.