10,091 Shares in Salesforce Inc. $CRM Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,091 shares of the CRM provider’s stock, valued at approximately $2,317,000.

Other hedge funds have also modified their holdings of the company. Fluent Financial LLC acquired a new stake in shares of Salesforce in the 2nd quarter valued at $2,265,000. TAM Capital Management Inc. acquired a new position in shares of Salesforce during the first quarter valued at $40,945,000. Janus Henderson Group PLC lifted its stake in shares of Salesforce by 2.5% during the first quarter. Janus Henderson Group PLC now owns 127,739 shares of the CRM provider’s stock valued at $23,846,000 after acquiring an additional 3,125 shares during the period. Anchor Investment Management LLC boosted its holdings in Salesforce by 184.5% in the second quarter. Anchor Investment Management LLC now owns 17,983 shares of the CRM provider’s stock valued at $2,817,000 after acquiring an additional 11,663 shares during the last quarter. Finally, Next Capital Management LLC bought a new position in Salesforce in the first quarter valued at about $2,119,000. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other news, Director David Blair Kirk acquired 4,176 shares of Salesforce stock in a transaction that occurred on Friday, September 18th. The shares were acquired at an average price of $239.33 per share, with a total value of $999,442.08. Following the purchase, the director directly owned 18,748 shares of the company’s stock, valued at $4,486,958.84. The trade was a 28.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Craig Conway sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $260.61, for a total transaction of $1,172,745.00. Following the transaction, the director owned 5,437 shares of the company’s stock, valued at approximately $1,416,936.57. This represents a 45.29% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CRM. BTIG Research reiterated a “buy” rating and issued a $300.00 price objective on shares of Salesforce in a research report on Wednesday, September 2nd. Canaccord Genuity Group upped their target price on shares of Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Salesforce in a research note on Tuesday, October 20th. Raymond James Financial reiterated a “strong-buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Salesforce in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average target price of $278.98.

Salesforce Stock Down 1.0%

NYSE:CRM opened at $228.56 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. Salesforce Inc. has a 12-month low of $146.32 and a 12-month high of $269.11. The stock’s fifty day simple moving average is $238.94 and its 200-day simple moving average is $198.88. The firm has a market capitalization of $188.10 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.05 and a beta of 1.26.

Salesforce (NYSE:CRM) last released its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating analysts’ consensus estimates of $3.27 by $2.63. Salesforce had a return on equity of 24.90% and a net margin of 21.99%. The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.33 billion. During the same quarter in the prior year, the company posted $2.91 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. Equities research analysts expect that Salesforce Inc. will post 12.82 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Thursday, September 17th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, September 17th. Salesforce’s payout ratio is presently 16.04%.

Trending Headlines about Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce signed a definitive agreement to acquire Rune Technologies, a defense-technology company. The deal supports Salesforce’s push into military and government applications, potentially expanding its addressable market and adding a specialized technology platform. Financial terms were not disclosed. Salesforce Signs Definitive Agreement to Acquire Rune Technologies
• Positive Sentiment: TPM Holdings completed an 18-month realignment centered on Salesforce CRM and artificial intelligence for the architecture, engineering and construction industries. Its combination of TrebleHook and The Hunley Group could expand Salesforce-based implementations and demonstrate growing demand for industry-specific AI tools. TPM Holdings Accelerates Investment in AI and Salesforce CRM
• Positive Sentiment: Several analyst and investment articles describe Salesforce as a potential AI rebound candidate, citing autonomous AI agents, improving monetization, strong free cash flow and its leadership in customer relationship management. These views may support longer-term sentiment, although they are not new company guidance. AI Comeback Story Article
• Neutral Sentiment: Salesforce’s earnings report is approaching, making upcoming revenue growth, AI adoption, margins and forward guidance the main near-term catalysts. The company’s latest reported quarter included revenue of $11.35 billion and adjusted earnings that exceeded consensus estimates. Salesforce Earnings Preview
• Negative Sentiment: Salesforce declined in sympathy with ServiceNow, Fortinet and other software stocks after investors focused on slower contracted-revenue growth despite earnings beats and higher AI targets. The reaction has renewed concerns about enterprise-software demand, AI monetization timelines and elevated sector valuations. ServiceNow Results Dent Software Stocks

Salesforce Profile

Salesforce, Inc (NYSE: CRM) is a global enterprise software company that provides cloud-based customer relationship management (CRM) technology. Its platform helps organizations manage sales, customer service, marketing, commerce, data, analytics and interactions with customers across digital and traditional channels.

The company’s products include Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud and Data Cloud. Salesforce also offers Tableau for data visualization and analytics, MuleSoft for application integration, and Slack for workplace collaboration.