Commerzbank Aktiengesellschaft FI Buys 4,808 Shares of Salesforce Inc. $CRM

Commerzbank Aktiengesellschaft FI boosted its stake in shares of Salesforce Inc. (NYSE:CRMFree Report) by 8.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,887 shares of the CRM provider’s stock after buying an additional 4,808 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Salesforce were worth $14,904,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRM. Scott & Selber Inc. grew its stake in Salesforce by 0.7% in the second quarter. Scott & Selber Inc. now owns 5,850 shares of the CRM provider’s stock worth $1,595,000 after purchasing an additional 39 shares in the last quarter. Hanson & Doremus Investment Management raised its position in Salesforce by 6.9% during 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 in the last quarter. Beverly Hills Private Wealth LLC lifted its holdings 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 worth $468,000 after buying an additional 39 shares during the period. Lifeworks Advisors LLC grew its position in shares of Salesforce by 2.9% during the 2nd quarter. Lifeworks Advisors LLC now owns 1,420 shares of the CRM provider’s stock worth $387,000 after buying an additional 40 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC increased its stake in shares of Salesforce by 4.4% during the second quarter. Benchmark Financial Wealth Advisors LLC now owns 989 shares of the CRM provider’s stock valued at $270,000 after buying an additional 42 shares during the period. 80.43% of the stock is owned by hedge funds and other institutional investors.

Salesforce Price Performance

NYSE CRM opened at $228.02 on Friday. The firm’s fifty day simple moving average is $247.54 and its two-hundred day simple moving average is $248.84. The firm has a market capitalization of $213.65 billion, a P/E ratio of 30.44, a P/E/G ratio of 1.70 and a beta of 1.26. 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 12-month low of $218.96 and a 12-month high of $367.09.

Salesforce (NYSE:CRMGet Free Report) last issued its quarterly earnings data 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 firm 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 business posted $2.41 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Analysts forecast that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were given a dividend of $0.416 per share. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, December 18th. Salesforce’s payout ratio is currently 22.16%.

Insider Buying and Selling at Salesforce

In other news, Director David Blair Kirk bought 1,936 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were purchased at an average cost of $258.64 per share, with a total value of $500,727.04. Following the transaction, the director directly owned 10,677 shares in the company, valued at approximately $2,761,499.28. The trade was a 22.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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, with a total value of $25,015,680.00. Following the purchase, the director directly owned 2,994,509 shares in the company, valued at $780,309,155.22. The trade was a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 145,427 shares of company stock worth $34,290,361 in the last three months. 3.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CRM shares. BMO Capital Markets dropped their target price on shares of Salesforce from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Canaccord Genuity Group restated a “buy” rating and issued a $300.00 price target on shares of Salesforce in a report on Thursday, December 4th. TD Cowen reiterated a “buy” rating on shares of Salesforce in a research note on Thursday, December 4th. Piper Sandler reissued an “overweight” rating on shares of Salesforce in a report on Thursday, December 4th. Finally, Wedbush reissued an “outperform” rating and issued a $375.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and a consensus price target of $324.51.

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Salesforce Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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