Salesforce Inc. $CRM Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 581,817 shares of the CRM provider’s stock after buying an additional 25,294 shares during the quarter. Bank of Nova Scotia owned about 0.06% of Salesforce worth $158,654,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRM. Staley Capital Advisers Inc. lifted its position in Salesforce by 1.1% in the first quarter. Staley Capital Advisers Inc. now owns 3,343 shares of the CRM provider’s stock valued at $897,000 after acquiring an additional 38 shares during the last quarter. KDT Advisors LLC increased its position in shares of Salesforce by 4.1% during the first quarter. KDT Advisors LLC now owns 967 shares of the CRM provider’s stock worth $260,000 after purchasing an additional 38 shares in the last quarter. Scott & Selber Inc. lifted its holdings in shares of Salesforce by 0.7% in the 2nd quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock valued at $1,595,000 after purchasing an additional 39 shares during the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Salesforce by 6.9% in the 2nd quarter. Hanson & Doremus Investment Management now owns 607 shares of the CRM provider’s stock valued at $166,000 after purchasing an additional 39 shares during the period. Finally, Beverly Hills Private Wealth LLC boosted its position in shares of Salesforce by 2.3% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 1,716 shares of the CRM provider’s stock valued at $468,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Transactions at Salesforce

In related news, Director David Blair Kirk purchased 3,400 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was acquired at an average price of $254.66 per share, for a total transaction of $865,844.00. Following the acquisition, the director directly owned 3,824 shares of the company’s stock, valued at $973,819.84. This trade represents a 801.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Parker Harris sold 134,662 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. This represents a 49.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 182,034 shares of company stock valued at $43,297,979 in the last ninety days. 3.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRM has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Salesforce in a research report on Monday, November 24th. Barclays lifted their target price on shares of Salesforce from $316.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday. Roth Capital reiterated a “buy” rating and issued a $395.00 price target on shares of Salesforce in a research report on Thursday, September 4th. Mizuho lowered their price objective on shares of Salesforce from $350.00 to $340.00 and set an “outperform” rating on the stock in a research report on Monday, November 17th. Finally, Citigroup restated an “outperform” rating on shares of Salesforce in a research note on Thursday. Twenty-nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.54.

Salesforce Price Performance

Shares of CRM opened at $260.78 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $243.26 and its two-hundred day moving average is $252.43. Salesforce Inc. has a twelve month low of $221.96 and a twelve month high of $367.15. The firm has a market capitalization of $244.35 billion, a PE ratio of 34.82, a P/E/G ratio of 2.02 and a beta of 1.25.

Salesforce (NYSE:CRM) last posted its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.86 by $0.39. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. During the same period last year, the firm earned $2.41 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Research analysts anticipate that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be paid a dividend of $0.416 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.6%. Salesforce’s dividend payout ratio is 22.16%.

Salesforce Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.