Agate Pass Investment Management LLC Decreases Stock Holdings in Salesforce Inc. $CRM

Agate Pass Investment Management LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 25.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,208 shares of the CRM provider’s stock after selling 2,814 shares during the period. Agate Pass Investment Management LLC’s holdings in Salesforce were worth $1,945,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRM. Painted Porch Advisors LLC raised its holdings in Salesforce by 260.0% during the second quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Evolution Wealth Management Inc. acquired a new stake in Salesforce in the second quarter valued at $27,000. CBIZ Investment Advisory Services LLC increased its position in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock valued at $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc increased its position in shares of Salesforce by 383.3% in the second quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares in the last quarter. Finally, Maseco LLP acquired a new position in shares of Salesforce during the 2nd quarter worth $34,000. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRM. Stifel Nicolaus lowered their price objective on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, October 9th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Salesforce in a research report on Thursday, December 4th. JMP Securities reissued a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research note on Friday, October 17th. Northland Capmk lowered Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Finally, BMO Capital Markets lowered their target price on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus target price of $326.68.

Salesforce Stock Performance

Salesforce stock opened at $258.10 on Thursday. The stock has a fifty day moving average price of $246.33 and a 200 day moving average price of $251.81. Salesforce Inc. has a 52 week low of $221.96 and a 52 week high of $367.09. The firm has a market capitalization of $241.84 billion, a P/E ratio of 34.46, a PEG ratio of 1.90 and a beta of 1.25. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.14.

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

Salesforce Announces Dividend

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

Insider Buying and Selling

In other Salesforce news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the transaction, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director G Mason Morfit acquired 96,000 shares of the stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the purchase, the director directly owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This trade represents a 3.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders sold 173,034 shares of company stock valued at $41,097,367. Insiders own 3.00% of the company’s stock.

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.