Mediolanum International Funds Ltd Cuts Position in Salesforce Inc. $CRM

Mediolanum International Funds Ltd reduced its position in shares of Salesforce Inc. (NYSE:CRM) by 41.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,140 shares of the CRM provider’s stock after selling 60,338 shares during the period. Mediolanum International Funds Ltd’s holdings in Salesforce were worth $20,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Marquette Asset Management LLC purchased a new stake in Salesforce during the third quarter worth about $26,000. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce in the second quarter valued at approximately $27,000. Quaker Wealth Management LLC grew its holdings in shares of Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after purchasing an additional 242 shares in the last quarter. Spurstone Advisory Services LLC acquired a new stake in Salesforce during the 2nd quarter worth approximately $34,000. Finally, Country Trust Bank boosted its position in Salesforce by 658.8% in the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock valued at $35,000 after buying an additional 112 shares during the period. 80.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Marc Benioff sold 122 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $259.00, for a total value of $31,598.00. Following the completion of the sale, the chief executive officer owned 11,911,571 shares in the company, valued at $3,085,096,889. This represents a 0.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Blair Kirk purchased 1,936 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were acquired at an average price of $258.64 per share, with a total value of $500,727.04. Following the purchase, the director owned 10,677 shares in the company, valued at $2,761,499.28. This trade represents a 22.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 138,677 shares of company stock valued at $32,566,029 in the last 90 days. Company insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRM. Citigroup cut Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Wolfe Research reiterated an “outperform” rating on shares of Salesforce in a research note on Thursday, January 15th. UBS Group restated a “neutral” rating and set a $260.00 target price on shares of Salesforce in a research note on Thursday, December 4th. Mizuho set a $340.00 target price on shares of Salesforce in a report on Wednesday, December 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Salesforce from $250.00 to $290.00 and gave the stock a “sector perform” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.51.

Salesforce Trading Down 0.9%

NYSE CRM opened at $212.10 on Friday. The firm’s fifty day moving average price is $246.78 and its 200 day moving average price is $247.45. Salesforce Inc. has a 12 month low of $208.78 and a 12 month high of $349.50. 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 company has a market capitalization of $198.74 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 1.60 and a beta of 1.26.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (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 the consensus estimate of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. Salesforce’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.8%. Salesforce’s payout ratio is 22.16%.

Salesforce Company 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.