2,867 Shares in Salesforce Inc. $CRM Bought by Clear Trail Advisors LLC

Clear Trail Advisors LLC purchased a new stake in Salesforce Inc. (NYSE:CRM) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,867 shares of the CRM provider’s stock, valued at approximately $759,000.

Several other hedge funds have also bought and sold shares of CRM. Marquette Asset Management LLC purchased a new position in shares of Salesforce during the third quarter valued at about $26,000. Board of the Pension Protection Fund purchased a new stake in shares of Salesforce in the fourth quarter worth about $26,000. Evolution Wealth Management Inc. bought a new position in Salesforce during the second quarter valued at approximately $27,000. Texas Capital Bancshares Inc TX purchased a new position in Salesforce during the 3rd quarter valued at approximately $28,000. Finally, Country Trust Bank grew its holdings in Salesforce by 658.8% during 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 in the last quarter. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 0.1%

Shares of CRM opened at $195.12 on Tuesday. The company has a market cap of $180.09 billion, a PE ratio of 24.98, a P/E/G ratio of 1.42 and a beta of 1.29. The business has a fifty day moving average of $202.64 and a 200 day moving average of $232.53. Salesforce Inc. has a 52-week low of $174.57 and a 52-week high of $296.05. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.18.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The business had revenue of $11.20 billion for the quarter, compared to analysts’ expectations of $11.18 billion. During the same quarter in the previous year, the business posted $2.78 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. On average, sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce declared that its Board of Directors has initiated a stock buyback program on Monday, March 16th that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the CRM provider to repurchase up to 14.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Salesforce Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 9th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, April 9th. This is a positive change from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s payout ratio is currently 22.54%.

Insider Buying and Selling

In other Salesforce news, Director David Blair Kirk purchased 2,570 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of $194.62 per share, with a total value of $500,173.40. Following the purchase, the director owned 13,689 shares of the company’s stock, valued at approximately $2,664,153.18. The trade was a 23.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Laura Alber bought 2,571 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were acquired at an average price of $194.58 per share, with a total value of $500,265.18. Following the completion of the transaction, the director owned 9,530 shares of the company’s stock, valued at approximately $1,854,347.40. The trade was a 36.94% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. DA Davidson decreased their price objective on Salesforce from $235.00 to $200.00 and set a “neutral” rating on the stock in a report on Friday, February 27th. BTIG Research reduced their price target on shares of Salesforce from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Citizens Jmp reaffirmed a “market outperform” rating and set a $430.00 price target on shares of Salesforce in a research note on Tuesday, December 2nd. BMO Capital Markets lowered their price objective on shares of Salesforce from $235.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Citigroup lifted their price objective on shares of Salesforce from $197.00 to $200.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $280.21.

About Salesforce

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.