2,673 Shares in Salesforce Inc. $CRM Purchased by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC acquired a new stake in shares of Salesforce Inc. (NYSE:CRM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,673 shares of the CRM provider’s stock, valued at approximately $614,000.

Several other large investors have also recently bought and sold shares of the company. Fluent Financial LLC acquired a new stake in Salesforce in the 2nd quarter valued at approximately $2,265,000. TAM Capital Management Inc. bought a new position in shares of Salesforce during the 1st quarter worth approximately $40,945,000. Janus Henderson Group PLC grew its stake in shares of Salesforce by 2.5% during the 1st quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock worth $23,846,000 after acquiring an additional 3,125 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Salesforce by 184.5% in the second quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock valued at $2,817,000 after purchasing an additional 11,663 shares during the last quarter. Finally, Next Capital Management LLC acquired a new stake in shares of Salesforce in the first quarter valued at approximately $2,119,000. Institutional investors own 80.43% of the company’s stock.

Insider Buying and Selling

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

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Zacks upgraded Salesforce to Rank #1, or “Strong Buy,” citing improving earnings prospects. Zacks upgrade
• Positive Sentiment: A historical review notes that after Salesforce shares previously fell at least 50% from a record high, they rose about 63% and 44% in the following years. Past performance does not guarantee a repeat. Historical performance analysis
• Neutral Sentiment: Salesforce agreed to acquire AI startup Cresta for about $2.7 billion, its fifth major acquisition this year. The deal could expand its AI capabilities, though the pace of acquisitions raises questions about integration. Cresta acquisition announcement
• Negative Sentiment: S&P Global Ratings cut Salesforce’s credit rating to “A” from “A+,” citing acquisition spending and a $25 billion debt-financed share repurchase program. The agency said pro forma net debt-to-EBITDA exceeded its prior 2x downgrade threshold, highlighting increased financial risk. S&P rating downgrade report
• Negative Sentiment: ETFs were net sellers of $15.2 million in Salesforce shares on Nov. 2, a modest potential source of selling pressure. ETF flows report

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRM. Wolfe Research raised shares of Salesforce from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. KeyCorp assumed coverage on shares of Salesforce in a research report on Monday, October 12th. They issued a “sector weight” rating for the company. Wells Fargo & Company lowered shares of Salesforce from a “buy” rating to a “strong sell” rating in a research note on Monday, October 12th. TD Cowen assumed coverage on shares of Salesforce in a research report on Monday, October 12th. They set a “buy” rating on the stock. Finally, Yorkville Ives began coverage on shares of Salesforce in a research note on Monday, October 5th. They set an “outperform” rating and a $290.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $278.98.

Salesforce Price Performance

Shares of NYSE CRM opened at $227.22 on Thursday. The business’s 50 day moving average price is $239.96 and its two-hundred day moving average price is $198.69. The company has a market cap of $187.00 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.01 and a beta of 1.24. 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 Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last issued its earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The company had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.91 EPS. 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 predict that Salesforce Inc. will post 12.82 EPS for the current year.

Salesforce Dividend Announcement

The company also recently disclosed 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 0.8%. The ex-dividend date was Thursday, September 17th. Salesforce’s payout ratio is currently 16.04%.

Salesforce 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.