Salesforce Inc. $CRM Shares Sold by Silicon Valley Capital Partners

Silicon Valley Capital Partners decreased its stake in shares of Salesforce Inc. (NYSE:CRM) by 91.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,913 shares of the CRM provider’s stock after selling 77,570 shares during the quarter. Silicon Valley Capital Partners’ holdings in Salesforce were worth $1,290,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CRM. Commonwealth Retirement Investments LLC purchased a new position in Salesforce in the fourth quarter worth approximately $25,000. Key Capital Management INC acquired a new stake in shares of Salesforce in the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Salesforce in the 4th quarter valued at $26,000. Legacy Bridge LLC purchased a new stake in shares of Salesforce during the 4th quarter worth $27,000. Finally, Texas Capital Bancshares Inc TX purchased a new stake in shares of Salesforce during the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Wall Street Analyst Weigh In

CRM has been the topic of several recent analyst reports. Weiss Ratings lowered Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 24th. Morgan Stanley reaffirmed an “equal weight” rating and set a $185.00 price objective (down from $287.00) on shares of Salesforce in a report on Tuesday, July 21st. Evercore reissued an “outperform” rating on shares of Salesforce in a report on Tuesday, July 14th. Wedbush began coverage on Salesforce in a research report on Wednesday, July 1st. They issued an “outperform” rating for the company. Finally, UBS Group restated an “equal weight” rating on shares of Salesforce in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $249.51.

Salesforce Price Performance

Shares of NYSE CRM opened at $180.95 on Friday. The stock has a fifty day moving average price of $170.26 and a 200 day moving average price of $185.02. Salesforce Inc. has a 1-year low of $146.32 and a 1-year high of $269.11. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $148.20 billion, a PE ratio of 20.94, a P/E/G ratio of 1.02 and a beta of 1.18.

Salesforce (NYSE:CRM) last released its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analysts’ expectations of $11.05 billion. During the same quarter in the previous year, the firm posted $2.58 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Sell-side analysts forecast that Salesforce Inc. will post 10.29 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 dividend on an annualized basis and a yield of 1.0%. Salesforce’s dividend payout ratio (DPR) is 20.37%.

Salesforce Company 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.