Cache Advisors LLC Sells 2,884 Shares of Salesforce Inc. $CRM

Cache Advisors LLC cut its stake in Salesforce Inc. (NYSE:CRM) by 23.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,668 shares of the CRM provider’s stock after selling 2,884 shares during the quarter. Salesforce makes up approximately 0.3% of Cache Advisors LLC’s investment portfolio, making the stock its 25th largest holding. Cache Advisors LLC’s holdings in Salesforce were worth $2,561,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Greenberg Financial Group bought a new position in shares of Salesforce in the fourth quarter valued at about $249,000. Demars Financial Group LLC raised its position in shares of Salesforce by 20.8% in the fourth quarter. Demars Financial Group LLC now owns 4,548 shares of the CRM provider’s stock valued at $1,205,000 after purchasing an additional 784 shares during the period. Evermay Wealth Management LLC raised its position in shares of Salesforce by 30.5% in the fourth quarter. Evermay Wealth Management LLC now owns 3,503 shares of the CRM provider’s stock valued at $929,000 after purchasing an additional 818 shares during the period. Weaver Capital Management LLC raised its position in shares of Salesforce by 7.6% in the fourth quarter. Weaver Capital Management LLC now owns 9,023 shares of the CRM provider’s stock valued at $2,390,000 after purchasing an additional 638 shares during the period. Finally, West Paces Advisors Inc. bought a new position in shares of Salesforce during the fourth quarter worth approximately $219,000. 80.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Salesforce

In other news, Director Laura Alber bought 2,571 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were purchased at an average cost of $194.58 per share, with a total value of $500,265.18. Following the acquisition, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. This represents a 36.94% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $929,259.10. Following the completion of the transaction, the director directly owned 7,299 shares in the company, valued at approximately $1,742,271.30. This represents a 34.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.00% of the company’s stock.

Salesforce Price Performance

Salesforce stock opened at $176.18 on Thursday. The stock’s fifty day moving average price is $191.71 and its two-hundred day moving average price is $227.44. Salesforce Inc. has a one year low of $174.57 and a one year high of $296.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $162.62 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.36 and a beta of 1.29.

Salesforce (NYSE:CRM) last posted its quarterly earnings data on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, topping analysts’ consensus estimates of $3.05 by $0.76. Salesforce had a return on equity of 15.38% and a net margin of 17.96%.The firm had revenue of $11.20 billion for the quarter, compared to analyst estimates of $11.18 billion. During the same quarter last year, the company earned $2.78 EPS. The company’s revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. As a group, research analysts expect that Salesforce Inc. will post 7.46 EPS for the current fiscal year.

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

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 9th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.76 annualized dividend and a yield of 1.0%. This is an increase from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s payout ratio is 21.25%.

Analyst Upgrades and Downgrades

CRM has been the topic of a number of recent research reports. KeyCorp lowered their target price on Salesforce from $400.00 to $300.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $281.00 target price on shares of Salesforce in a research note on Thursday, February 26th. Wedbush reiterated an “outperform” rating and set a $375.00 target price on shares of Salesforce in a research note on Tuesday, February 24th. DA Davidson lowered their price target on shares of Salesforce from $235.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, February 27th. Finally, Roth Mkm lowered their price target on shares of Salesforce from $395.00 to $325.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average 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.