Strategic Blueprint LLC Has $500,000 Holdings in Salesforce Inc. $CRM

Strategic Blueprint LLC cut its stake in shares of Salesforce Inc. (NYSE:CRM) by 66.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,886 shares of the CRM provider’s stock after selling 3,680 shares during the period. Strategic Blueprint LLC’s holdings in Salesforce were worth $500,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CRM. Board of the Pension Protection Fund acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $26,000. Key Capital Management INC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $26,000. Legacy Bridge LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at approximately $27,000. Marquette Asset Management LLC acquired a new stake in shares of Salesforce in the third quarter valued at approximately $26,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Salesforce in the third quarter valued at approximately $28,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRM has been the subject of a number of analyst reports. Sanford C. Bernstein dropped their price target on shares of Salesforce from $223.00 to $194.00 and set an “underperform” rating for the company in a research report on Thursday, February 26th. BMO Capital Markets dropped their price target on shares of Salesforce from $235.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Oppenheimer dropped their price target on shares of Salesforce from $275.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Mizuho dropped their price target on shares of Salesforce from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Wall Street Zen downgraded shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $279.18.

Insiders Place Their Bets

In related news, Director David Blair Kirk bought 2,570 shares of the firm’s stock in a transaction on Wednesday, March 18th. The shares were purchased at an average price of $194.62 per share, with a total value of $500,173.40. Following the completion of the purchase, the director owned 13,689 shares in the company, valued at $2,664,153.18. This represents a 23.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laura Alber bought 2,571 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $194.58 per share, for a total transaction of $500,265.18. Following the purchase, the director owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.00% of the company’s stock.

Salesforce Stock Down 2.6%

Shares of CRM opened at $176.45 on Friday. Salesforce Inc. has a one year low of $163.52 and a one year high of $296.05. The company has a market cap of $144.37 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.26 and a beta of 1.29. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50 day simple moving average of $186.67 and a two-hundred day simple moving average of $220.45.

Salesforce (NYSE:CRM) last announced its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, beating the consensus estimate of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. During the same period in the previous year, the business earned $2.78 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Research analysts forecast that Salesforce Inc. will post 9.71 EPS for the current fiscal year.

Salesforce Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, April 9th. This is a boost from Salesforce’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.0%. Salesforce’s payout ratio is presently 22.54%.

Salesforce announced that its board has authorized a share repurchase program on Monday, March 16th that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the CRM provider to buy up to 14.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.