Salesforce Inc. $CRM Shares Bought by Midwest Trust Co

Midwest Trust Co lifted its stake in shares of Salesforce Inc. (NYSE:CRM) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,071 shares of the CRM provider’s stock after acquiring an additional 4,233 shares during the period. Midwest Trust Co’s holdings in Salesforce were worth $44,336,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockland Trust Co. lifted its holdings in Salesforce by 1,145.6% in the 3rd quarter. Rockland Trust Co. now owns 13,066 shares of the CRM provider’s stock valued at $3,097,000 after purchasing an additional 12,017 shares in the last quarter. Wealthfront Advisers LLC raised its position in shares of Salesforce by 0.9% in the third quarter. Wealthfront Advisers LLC now owns 100,976 shares of the CRM provider’s stock valued at $23,931,000 after buying an additional 927 shares during the last quarter. AlTi Global Inc. lifted its stake in shares of Salesforce by 5.2% during the third quarter. AlTi Global Inc. now owns 18,794 shares of the CRM provider’s stock valued at $4,462,000 after buying an additional 932 shares during the period. Profund Advisors LLC boosted its position in Salesforce by 7.2% during the third quarter. Profund Advisors LLC now owns 40,041 shares of the CRM provider’s stock worth $9,490,000 after acquiring an additional 2,704 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in Salesforce by 2.1% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 21,441 shares of the CRM provider’s stock worth $5,082,000 after acquiring an additional 445 shares during the period. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling

In other Salesforce news, insider Parker Harris sold 134,662 shares of the company’s stock in a transaction that occurred 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 owned 139,767 shares in the company, valued at $32,803,314.90. This represents a 49.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Neelie Kroes sold 3,893 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $238.70, for a total transaction of $929,259.10. Following the completion of the sale, the director directly owned 7,299 shares of the company’s stock, valued at $1,742,271.30. This trade represents a 34.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRM shares. Northland Securities increased their price target on Salesforce from $264.00 to $267.00 and gave the stock a “market perform” rating in a research note on Thursday, December 4th. Robert W. Baird decreased their price target on Salesforce from $325.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, December 4th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Salesforce in a research note on Thursday, December 4th. Arete Research upgraded shares of Salesforce to a “strong-buy” rating in a report on Thursday, December 11th. Finally, BTIG Research began coverage on shares of Salesforce in a report on Tuesday, December 16th. They issued a “buy” rating and a $335.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average target price of $323.57.

Salesforce Trading Up 1.3%

Shares of CRM stock opened at $193.89 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a fifty-two week low of $185.73 and a fifty-two week high of $331.75. The firm’s 50 day moving average price is $242.79 and its two-hundred day moving average price is $244.55. The stock has a market cap of $181.67 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 1.31 and a beta of 1.27.

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, topping the consensus estimate of $2.86 by $0.39. The company had revenue of $10.26 billion during 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 business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. On average, analysts anticipate that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, December 18th. Salesforce’s payout ratio is currently 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.