Salesforce Inc. $CRM Stock: Avestar Capital LLC Grows Holdings

Avestar Capital LLC lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 418.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,491 shares of the CRM provider’s stock after buying an additional 6,854 shares during the quarter. Avestar Capital LLC’s holdings in Salesforce were worth $1,949,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Morling Financial Advisors LLC acquired a new stake in Salesforce in the third quarter worth about $263,000. Greenup Street Wealth Management LLC acquired a new position in shares of Salesforce in the 3rd quarter worth $2,317,000. CFC Planning Co LLC lifted its stake in Salesforce by 12.7% during the third quarter. CFC Planning Co LLC now owns 14,735 shares of the CRM provider’s stock valued at $3,383,000 after buying an additional 1,657 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Salesforce by 14,005.5% in the 3rd quarter. International Assets Investment Management LLC now owns 425,000 shares of the CRM provider’s stock valued at $97,567,000 after acquiring an additional 421,987 shares in the last quarter. Finally, Prosperitas Financial LLC boosted its position in shares of Salesforce by 4.1% in the third quarter. Prosperitas Financial LLC now owns 3,169 shares of the CRM provider’s stock worth $727,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CRM has been the subject of a number of recent research reports. TD Cowen assumed coverage on shares of Salesforce in a report on Monday, October 12th. They issued a “buy” rating for the company. Jefferies Financial Group restated a “buy” rating on shares of Salesforce in a research note on Tuesday, October 20th. Monness Crespi & Hardt boosted their target price on shares of Salesforce from $222.00 to $266.00 and gave the stock a “buy” rating in a research report on Thursday, August 27th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. raised their price target on shares of Salesforce from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Thursday, August 27th. Three research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $278.98.

Insider Activity

In other news, Director Craig Conway sold 4,500 shares of Salesforce stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total value of $1,172,745.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. The trade was a 45.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk purchased 4,176 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average cost of $239.33 per share, with a total value of $999,442.08. Following the completion of the acquisition, the director directly owned 18,748 shares in the company, valued at approximately $4,486,958.84. This represents a 28.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.50% of the stock is currently owned by corporate insiders.

Salesforce Stock Down 1.0%

CRM opened at $228.56 on Friday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The firm’s fifty day moving average price is $238.94 and its two-hundred day moving average price is $198.88. The company has a market capitalization of $188.10 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.05 and a beta of 1.26.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a net margin of 21.99% and a return on equity of 24.90%. The company had revenue of $11.35 billion during the quarter, compared to analysts’ expectations of $11.33 billion. During the same quarter in the prior year, the company posted $2.91 EPS. The business’s revenue was up 10.8% on a year-over-year basis. 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, analysts anticipate that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were given a $0.44 dividend. The ex-dividend date was Thursday, September 17th. This represents a $1.76 dividend on an annualized basis and a yield of 0.8%. Salesforce’s payout ratio is 16.04%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

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.