Salesforce Inc. $CRM Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR increased its holdings in shares of Salesforce Inc. (NYSE:CRM) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,910 shares of the CRM provider’s stock after purchasing an additional 6,663 shares during the period. Generali Asset Management SPA SGR’s holdings in Salesforce were worth $21,309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its position in shares of Salesforce by 4.0% during the second quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after buying an additional 3,387 shares in the last quarter. Grant Private Wealth Management Inc bought a new position in Salesforce during the 3rd quarter valued at $1,458,000. Advyzon Investment Management LLC grew its holdings in Salesforce by 57.4% during the 2nd quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock worth $514,000 after acquiring an additional 687 shares in the last quarter. Atalanta Sosnoff Capital LLC increased its position in shares of Salesforce by 8.5% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after purchasing an additional 16,176 shares during the last quarter. Finally, Country Club Bank raised its stake in shares of Salesforce by 337.8% in the 3rd quarter. Country Club Bank now owns 20,632 shares of the CRM provider’s stock valued at $5,057,000 after purchasing an additional 15,919 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CRM has been the subject of a number of research reports. Northland Capmk downgraded Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 14th. DA Davidson boosted their price target on Salesforce from $225.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, December 5th. BMO Capital Markets dropped their price target on Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. BTIG Research initiated coverage on shares of Salesforce in a report on Tuesday, December 16th. They issued a “buy” rating and a $335.00 price objective for the company. Finally, Mizuho set a $340.00 target price on shares of Salesforce in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $326.68.

Salesforce Price Performance

Shares of NYSE CRM opened at $264.78 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $248.10 billion, a PE ratio of 35.35, a P/E/G ratio of 1.97 and a beta of 1.26. Salesforce Inc. has a 1-year low of $221.96 and a 1-year high of $367.09. The business’s fifty day moving average price is $249.80 and its two-hundred day moving average price is $251.74.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping the consensus estimate of $2.86 by $0.39. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The business had revenue of $10.26 billion during the quarter, compared to analyst estimates of $10.27 billion. During the same quarter in the prior year, the firm earned $2.41 earnings per share. The company’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. On average, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be paid a $0.416 dividend. The ex-dividend date is Thursday, December 18th. This represents a $1.66 annualized dividend and a dividend yield of 0.6%. Salesforce’s dividend payout ratio (DPR) is presently 22.16%.

Insiders Place Their Bets

In other Salesforce news, CEO Marc Benioff sold 122 shares of Salesforce stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $259.00, for a total transaction of $31,598.00. Following the sale, the chief executive officer owned 11,911,571 shares of the company’s stock, valued at $3,085,096,889. The trade was a 0.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Parker Harris sold 134,662 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the completion of the transaction, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 161,784 shares of company stock worth $38,357,182. 3.00% of the stock is currently owned by corporate insiders.

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.