Clare Market Investments LLC Takes $1.02 Million Position in Salesforce Inc. $CRM

Clare Market Investments LLC purchased a new stake in shares of Salesforce Inc. (NYSE:CRM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,469 shares of the CRM provider’s stock, valued at approximately $1,021,000.

Several other hedge funds have also recently bought and sold shares of the business. Unified Investment Management grew its stake in Salesforce by 20.2% in the first quarter. Unified Investment Management now owns 4,943 shares of the CRM provider’s stock valued at $923,000 after purchasing an additional 831 shares in the last quarter. Strata Wealth Advisors LLC raised its position in shares of Salesforce by 4.3% in the first quarter. Strata Wealth Advisors LLC now owns 1,442 shares of the CRM provider’s stock valued at $269,000 after purchasing an additional 59 shares during the period. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Salesforce in the first quarter worth $369,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of Salesforce in the first quarter valued at about $727,000. Finally, Walser Wealth Management Company A Ltd Liability Co grew its position in Salesforce by 23.8% during the first quarter. Walser Wealth Management Company A Ltd Liability Co now owns 2,325 shares of the CRM provider’s stock worth $434,000 after buying an additional 447 shares in the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Salesforce from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada cut Salesforce from a “sector perform” rating to a “sector perform” rating in a report on Wednesday, July 1st. TD Cowen restated a “buy” rating on shares of Salesforce in a research report on Friday, June 12th. Truist Financial lowered shares of Salesforce from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Finally, HC Wainwright lowered Salesforce to a “negative” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $254.42.

Salesforce Stock Up 2.6%

NYSE CRM opened at $169.98 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.79 and a quick ratio of 0.79. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $276.80. The stock has a market capitalization of $139.21 billion, a PE ratio of 19.67, a PEG ratio of 1.03 and a beta of 1.18. The business has a fifty day moving average price of $173.23 and a two-hundred day moving average price of $197.31.

Salesforce (NYSE:CRM) last announced its quarterly earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.13 by $0.75. Salesforce had a net margin of 18.73% and a return on equity of 18.72%. The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same period in the previous year, the firm posted $2.58 EPS. The firm’s revenue was up 13.3% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Equities analysts expect that Salesforce Inc. will post 10.29 earnings per share for the current fiscal year.

Salesforce Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce’s dividend payout ratio is currently 20.37%.

Salesforce announced that its Board of Directors has approved a stock buyback plan on Monday, March 16th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the CRM provider to buy up to 14.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.