Salesforce Inc. $CRM Shares Sold by Chicago Capital LLC

Chicago Capital LLC lowered its position in Salesforce Inc. (NYSE:CRM) by 77.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,967 shares of the CRM provider’s stock after selling 151,060 shares during the period. Chicago Capital LLC’s holdings in Salesforce were worth $10,183,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Cohen Capital Management Inc. grew its holdings in Salesforce by 2.1% in the third quarter. Cohen Capital Management Inc. now owns 25,373 shares of the CRM provider’s stock valued at $6,013,000 after purchasing an additional 520 shares during the last quarter. Bigelow Investment Advisors LLC boosted its position in shares of Salesforce by 8.9% in the 3rd quarter. Bigelow Investment Advisors LLC now owns 1,915 shares of the CRM provider’s stock worth $454,000 after buying an additional 156 shares in the last quarter. Oregon Pacific Wealth Management LLC grew its stake in Salesforce by 11.1% in the 3rd quarter. Oregon Pacific Wealth Management LLC now owns 1,396 shares of the CRM provider’s stock valued at $331,000 after acquiring an additional 139 shares during the last quarter. Foronjy Financial LLC increased its holdings in Salesforce by 17.3% during the 3rd quarter. Foronjy Financial LLC now owns 1,022 shares of the CRM provider’s stock valued at $242,000 after acquiring an additional 151 shares in the last quarter. Finally, Motco raised its position in Salesforce by 3.8% during the third quarter. Motco now owns 41,104 shares of the CRM provider’s stock worth $9,742,000 after acquiring an additional 1,487 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Stock Performance

NYSE CRM opened at $256.21 on Tuesday. The business’s 50-day moving average price is $249.79 and its 200 day moving average price is $251.53. 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 Inc. has a twelve month low of $221.96 and a twelve month high of $367.09. The company has a market capitalization of $240.07 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 1.89 and a beta of 1.26.

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. The company had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, research analysts predict 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. Shareholders 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 yield of 0.6%. Salesforce’s dividend payout ratio (DPR) is currently 22.16%.

Insiders Place Their Bets

In related news, 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 transaction, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. This trade represents a 49.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director G Mason Morfit bought 96,000 shares of Salesforce stock in a transaction that occurred on Friday, December 5th. The stock was purchased at an average price of $260.58 per share, for a total transaction of $25,015,680.00. Following the acquisition, the director directly owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. The trade was a 3.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 159,534 shares of company stock valued at $37,814,212 over the last quarter. Company insiders own 3.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Evercore ISI lowered their price target on shares of Salesforce from $360.00 to $340.00 and set an “outperform” rating on the stock in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Monday, December 29th. Northland Securities increased their target price on Salesforce from $264.00 to $267.00 and gave the company a “market perform” rating in a report on Thursday, December 4th. Wedbush reissued an “outperform” rating and issued a $375.00 price target on shares of Salesforce in a report on Thursday, December 4th. Finally, BTIG Research began coverage on Salesforce in a research report on Tuesday, December 16th. They issued a “buy” rating and a $335.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $327.74.

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.