Migdal Insurance & Financial Holdings Ltd. Buys 3,400 Shares of Salesforce Inc. $CRM

Migdal Insurance & Financial Holdings Ltd. boosted its stake in Salesforce Inc. (NYSE:CRM) by 148.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,696 shares of the CRM provider’s stock after acquiring an additional 3,400 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Salesforce were worth $1,378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRM. Brighton Jones LLC increased its position in Salesforce by 13.7% in the fourth quarter. Brighton Jones LLC now owns 25,668 shares of the CRM provider’s stock worth $8,582,000 after buying an additional 3,102 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Salesforce by 12.6% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,827 shares of the CRM provider’s stock worth $611,000 after acquiring an additional 205 shares during the period. Bison Wealth LLC increased its holdings in Salesforce by 9.0% in the 4th quarter. Bison Wealth LLC now owns 2,234 shares of the CRM provider’s stock worth $747,000 after acquiring an additional 184 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Salesforce by 3.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,958 shares of the CRM provider’s stock valued at $807,000 after acquiring an additional 106 shares during the period. Finally, ABLE Financial Group LLC bought a new stake in Salesforce in the 2nd quarter valued at about $206,000. 80.43% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $31,605,171.40. Following the completion of the sale, the insider directly owned 139,767 shares of the company’s stock, valued at approximately $32,803,314.90. The trade was a 49.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director G Mason Morfit bought 96,000 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was bought at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the transaction, the director directly owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. This represents a 3.31% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 147,677 shares of company stock valued at $34,865,371 over the last three months. Corporate insiders own 3.00% of the company’s stock.

Salesforce Stock Down 3.3%

CRM opened at $219.70 on Wednesday. The firm has a market capitalization of $205.86 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.26. Salesforce Inc. has a one year low of $219.35 and a one year high of $367.09. The company has a fifty day moving average price of $248.58 and a 200-day moving average price of $249.64. 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 (NYSE:CRM) last posted its quarterly earnings data on Wednesday, December 3rd. The CRM provider reported $3.25 earnings per share (EPS) for the quarter, beating 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 return on equity of 14.41% and a net margin of 17.91%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Equities research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were given a $0.416 dividend. This represents a $1.66 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is 22.16%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus cut their target price on shares of Salesforce from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, October 9th. Northland Capmk downgraded shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 14th. Cowen reiterated a “buy” rating on shares of Salesforce in a research note on Thursday, December 4th. The Goldman Sachs Group started coverage on shares of Salesforce in a report on Monday, January 12th. They set a “buy” rating and a $330.00 target price on the stock. Finally, Bank of America cut their price target on Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Salesforce currently has a consensus rating of “Moderate Buy” and an average price target of $324.51.

Salesforce 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.