Salesforce Inc. $CRM Shares Sold by Seaview Investment Managers LLC

Seaview Investment Managers LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 82.7% in the 4th quarter, HoldingsChannel reports. The fund owned 5,591 shares of the CRM provider’s stock after selling 26,698 shares during the period. Seaview Investment Managers LLC’s holdings in Salesforce were worth $1,481,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aspire Growth Partners LLC grew its holdings in Salesforce by 1.2% during the 3rd quarter. Aspire Growth Partners LLC now owns 3,355 shares of the CRM provider’s stock worth $795,000 after acquiring an additional 39 shares in the last quarter. Byrne Asset Management LLC grew its holdings in Salesforce by 1.0% during the 4th quarter. Byrne Asset Management LLC now owns 4,331 shares of the CRM provider’s stock worth $1,147,000 after acquiring an additional 43 shares in the last quarter. Mathes Company Inc. grew its holdings in Salesforce by 0.4% during the 3rd quarter. Mathes Company Inc. now owns 12,558 shares of the CRM provider’s stock worth $2,976,000 after acquiring an additional 45 shares in the last quarter. Fred Alger Management LLC grew its holdings in Salesforce by 0.3% during the 3rd quarter. Fred Alger Management LLC now owns 14,943 shares of the CRM provider’s stock worth $3,548,000 after acquiring an additional 45 shares in the last quarter. Finally, Beacon Capital Management LLC grew its holdings in Salesforce by 3.5% during the 3rd quarter. Beacon Capital Management LLC now owns 1,372 shares of the CRM provider’s stock worth $325,000 after acquiring an additional 46 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CRM shares. Morgan Stanley lowered their price target on shares of Salesforce from $398.00 to $287.00 and set an “overweight” rating for the company in a report on Monday, February 23rd. BTIG Research restated a “buy” rating and issued a $255.00 target price on shares of Salesforce in a report on Friday, April 17th. Barclays lowered their target price on shares of Salesforce from $265.00 to $252.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Weiss Ratings cut shares of Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 20th. Finally, Sanford C. Bernstein lowered their target price on shares of Salesforce from $223.00 to $194.00 and set an “underperform” rating for the company in a report on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Salesforce currently has an average rating of “Moderate Buy” and an average price target of $274.12.

Insiders Place Their Bets

In related news, Director Laura Alber purchased 2,571 shares of the stock in a transaction dated Thursday, March 19th. The shares were acquired at an average cost of $194.58 per share, with a total value of $500,265.18. Following the purchase, the director directly owned 9,530 shares in the company, valued at $1,854,347.40. This trade represents a 36.94% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Blair Kirk purchased 2,570 shares of the stock in a transaction dated Wednesday, March 18th. The shares were bought at an average cost of $194.62 per share, for a total transaction of $500,173.40. Following the completion of the purchase, the director owned 13,689 shares in the company, valued at approximately $2,664,153.18. This trade represents a 23.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 3.50% of the company’s stock.

Salesforce Stock Up 0.1%

CRM stock opened at $180.32 on Tuesday. The company has a fifty day moving average price of $181.89 and a 200 day moving average price of $212.11. Salesforce Inc. has a 12 month low of $163.52 and a 12 month high of $280.74. The company has a market cap of $147.54 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 1.25 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.76 and a quick ratio of 0.76.

Salesforce (NYSE:CRM) last announced 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. The company had revenue of $11.20 billion during the quarter, compared to the consensus estimate of $11.18 billion. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. Salesforce’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.78 EPS. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Sell-side analysts expect that Salesforce Inc. will post 9.71 earnings per share for the current year.

Salesforce announced that its Board of Directors has approved a share 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 repurchase up to 14.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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.