Salesforce Inc. $CRM Stock Holdings Increased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC grew its stake in shares of Salesforce Inc. (NYSE:CRM) by 48.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 43,499 shares of the CRM provider’s stock after acquiring an additional 14,102 shares during the period. Anchor Capital Advisors LLC’s holdings in Salesforce were worth $10,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in Salesforce by 4.0% in the 2nd 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 during the period. Grant Private Wealth Management Inc acquired a new stake in Salesforce in the 3rd quarter valued at approximately $1,458,000. Advyzon Investment Management LLC increased its position in Salesforce by 57.4% in the 2nd quarter. Advyzon Investment Management LLC now owns 1,884 shares of the CRM provider’s stock worth $514,000 after buying an additional 687 shares during the period. CX Institutional lifted its holdings in shares of Salesforce by 78.0% during the third quarter. CX Institutional now owns 43,186 shares of the CRM provider’s stock worth $10,235,000 after buying an additional 18,927 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC lifted its holdings in shares of Salesforce by 8.5% during the second quarter. Atalanta Sosnoff Capital LLC now owns 206,614 shares of the CRM provider’s stock worth $56,342,000 after buying an additional 16,176 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Salesforce

In other Salesforce news, insider Parker Harris sold 134,662 shares of Salesforce stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $234.70, for a total value of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares in the company, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $258.20, for a total value of $580,950.00. Following the completion of the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,075,567,632.20. This represents a 0.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 147,677 shares of company stock valued at $34,865,371 in the last three months. 3.00% of the stock is currently owned by insiders.

Salesforce Trading Down 3.3%

NYSE:CRM opened at $219.70 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98. Salesforce Inc. has a fifty-two week low of $219.35 and a fifty-two week high of $367.09. The business’s 50-day simple moving average is $248.58 and its 200-day simple moving average is $249.64. The stock has a market capitalization of $205.86 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26.

Salesforce (NYSE:CRM) last issued 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 the consensus estimate of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. 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 dividend on an annualized basis and a yield of 0.8%. Salesforce’s dividend payout ratio is 22.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on CRM shares. Oppenheimer reduced their price target on shares of Salesforce from $315.00 to $300.00 and set an “outperform” rating for the company in a report on Monday, December 1st. Stifel Nicolaus dropped their price objective on Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, October 9th. Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Robert W. Baird cut their price target on Salesforce from $325.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, December 4th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $324.51.

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.