4,616 Salesforce Inc. $CRM Shares Acquired by One Way Holdings LLC

One Way Holdings LLC increased its stake in Salesforce Inc. (NYSE:CRM) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,287 shares of the CRM provider’s stock after purchasing an additional 4,616 shares during the quarter. Salesforce makes up 1.5% of One Way Holdings LLC’s investment portfolio, making the stock its 18th largest holding. One Way Holdings LLC’s holdings in Salesforce were worth $34,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Salesforce in the second quarter worth approximately $11,396,844,000. Bank of America Corp DE acquired a new position in Salesforce in the 2nd quarter worth approximately $1,914,086,000. Arrowstreet Capital Limited Partnership grew its position in Salesforce by 130.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,659,217 shares of the CRM provider’s stock worth $2,363,096,000 after purchasing an additional 7,160,302 shares in the last quarter. Legal & General Group Plc acquired a new stake in Salesforce during the 2nd quarter valued at $927,332,000. Finally, Bank of New York Mellon Corp acquired a new stake in Salesforce during the 2nd quarter valued at $844,928,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Insider Buying and Selling at Salesforce

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

Salesforce Stock Down 0.3%

CRM opened at $228.56 on Monday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $269.11. The business has a 50-day moving average of $238.94 and a 200-day moving average of $198.88. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $188.10 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.04 and a beta of 1.24.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $11.33 billion. During the same quarter in the previous year, the business posted $2.91 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. 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 forecast that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Yorkville Ives started coverage on Salesforce in a report on Monday, October 5th. They set an “outperform” rating and a $290.00 price target on the stock. Stephens reissued an “equal weight” rating and issued a $289.00 price target on shares of Salesforce in a research report on Friday, September 18th. Argus raised their price target on shares of Salesforce from $290.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Stifel Nicolaus boosted their price objective on shares of Salesforce from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 17th. Finally, Guggenheim upped their price objective on shares of Salesforce from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus price target of $278.98.

Salesforce Company 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.