AlphaQuest LLC Has $895,000 Stock Holdings in Salesforce Inc. $CRM

AlphaQuest LLC trimmed its holdings in shares of Salesforce Inc. (NYSE:CRM) by 50.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,776 shares of the CRM provider’s stock after selling 3,828 shares during the quarter. AlphaQuest LLC’s holdings in Salesforce were worth $895,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Harvey Capital Management Inc. grew its stake in Salesforce by 17.7% in the 3rd quarter. Harvey Capital Management Inc. now owns 32,621 shares of the CRM provider’s stock worth $7,731,000 after buying an additional 4,905 shares in the last quarter. Avantax Advisory Services Inc. grew its position in Salesforce by 4.0% in the second quarter. Avantax Advisory Services Inc. now owns 87,331 shares of the CRM provider’s stock worth $23,814,000 after acquiring an additional 3,387 shares in the last quarter. Grant Private Wealth Management Inc bought a new position in Salesforce in the third quarter valued at $1,458,000. Advyzon Investment Management LLC increased its stake in Salesforce by 57.4% in the second quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock valued at $514,000 after acquiring an additional 687 shares during the last quarter. Finally, CX Institutional raised its position in Salesforce by 78.0% during the third quarter. CX Institutional now owns 43,186 shares of the CRM provider’s stock valued at $10,235,000 after purchasing an additional 18,927 shares in the last quarter. Institutional investors own 80.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director Neelie Kroes sold 3,893 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total value of $929,259.10. Following the completion of the sale, the director directly owned 7,299 shares of the company’s stock, valued at approximately $1,742,271.30. This trade represents a 34.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director G Mason Morfit bought 96,000 shares of the business’s stock in a transaction dated Friday, December 5th. The shares were bought at an average cost of $260.58 per share, for a total transaction of $25,015,680.00. Following the purchase, the director directly owned 2,994,509 shares in the company, valued at approximately $780,309,155.22. This represents a 3.31% increase in their position. The SEC filing for this purchase provides additional information. 3.00% of the stock is owned by company insiders.

Salesforce Stock Down 0.7%

Shares of NYSE CRM opened at $210.71 on Tuesday. The firm’s fifty day moving average is $246.46 and its 200 day moving average is $247.03. Salesforce Inc. has a 52 week low of $208.78 and a 52 week high of $348.04. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. The company has a market cap of $197.44 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 1.58 and a beta of 1.26.

Salesforce (NYSE:CRM) last announced 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. The business had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRM. Macquarie upped their price objective on Salesforce from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Wedbush restated an “outperform” rating and issued a $375.00 target price on shares of Salesforce in a research report on Thursday, December 4th. DA Davidson increased their price target on shares of Salesforce from $225.00 to $235.00 and gave the company a “neutral” rating in a research report on Friday, December 5th. Citizens Jmp restated a “market outperform” rating and issued a $430.00 price objective on shares of Salesforce in a report on Tuesday, December 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Salesforce in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, twelve 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 a consensus rating of “Moderate Buy” and a consensus price target of $324.51.

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.