Eagle Strategies LLC Sells 7,137 Shares of Salesforce Inc. $CRM

Eagle Strategies LLC lessened its position in shares of Salesforce Inc. (NYSE:CRM) by 63.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,028 shares of the CRM provider’s stock after selling 7,137 shares during the period. Eagle Strategies LLC’s holdings in Salesforce were worth $925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in Salesforce during the 4th quarter worth $34,000. Costello Asset Management INC lifted its holdings in shares of Salesforce by 410.3% during the first quarter. Costello Asset Management INC now owns 148 shares of the CRM provider’s stock worth $28,000 after buying an additional 119 shares in the last quarter. ABS Investment Management LLC acquired a new stake in shares of Salesforce during the second quarter worth $610,974,000. ABS Direct Equity Fund LLC bought a new stake in shares of Salesforce in the second quarter valued at about $25,000. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Salesforce in the second quarter valued at about $26,000. Institutional investors and hedge funds own 80.43% of the company’s stock.

Salesforce Stock Performance

CRM opened at $241.00 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.84 and a current ratio of 0.84. Salesforce Inc. has a 52-week low of $146.32 and a 52-week high of $269.11. The firm has a market cap of $198.35 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.26. The business’s fifty day moving average is $231.47 and its 200-day moving average is $194.82.

Salesforce (NYSE:CRM) last posted its quarterly earnings results 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 previous year, the firm earned $2.91 earnings per share. Salesforce’s revenue for the quarter 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. Sell-side analysts expect that Salesforce Inc. will post 12.82 EPS for the current fiscal year.

Salesforce Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 17th. Salesforce’s dividend payout ratio (DPR) is currently 16.04%.

Insider Activity at Salesforce

In related news, Director Craig Conway sold 4,500 shares of the 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 sale, the director owned 5,437 shares in the company, valued at approximately $1,416,936.57. This trade represents a 45.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David Blair Kirk acquired 4,176 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The stock was purchased at an average cost of $239.33 per share, for a total transaction of $999,442.08. Following the completion of 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. Additional details regarding this purchase are available in the official SEC disclosure. 3.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Monness Crespi & Hardt upped their price target on shares of Salesforce from $222.00 to $266.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. DA Davidson set a $225.00 price objective on shares of Salesforce in a research note on Thursday, September 17th. Barclays downgraded shares of Salesforce from an “overweight” rating to a “positive” rating in a report on Monday. Phillip Securities downgraded shares of Salesforce from a “buy” rating to a “hold” rating and cut their price objective for the company from $253.00 to $166.00 in a report on Monday, June 29th. Finally, Bank of America raised shares of Salesforce from an “underperform” rating to a “buy” rating and raised their target price for the stock from $160.00 to $285.00 in a report on Monday, October 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $278.12.

Key Headlines Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Salesforce launched Hunter, an AI-powered outbound sales agent built on Agentforce. Integrations with ZoomInfo, Demandbase and DocuSign could increase adoption of Salesforce’s higher-value AI workflows and make the platform more embedded in customers’ sales and contracting processes. Salesforce unveils Hunter for AI-powered outbound sales
• Positive Sentiment: Bank of America reportedly upgraded Salesforce in a rare double upgrade, citing improving confidence in the company’s AI strategy, including a small AI acquisition and changes to AI-product pricing. The upgrade supports the view that monetization could improve as customers move to premium offerings. Salesforce received a rare double upgrade
• Positive Sentiment: The Loops AI acquisition and new Agentforce capabilities reinforce Salesforce’s effort to turn AI into a growth driver, although investors will need evidence of meaningful revenue acceleration. Salesforce buys the Loops AI platform
• Neutral Sentiment: Investor interest in CRM has risen sharply, with Salesforce appearing among heavily searched stocks. This may increase visibility but is not, by itself, a fundamental catalyst. Investors heavily search Salesforce
• Negative Sentiment: Enterprise-software shares are falling as worries spread that aggressive AI infrastructure and financing commitments may not generate sufficient returns. Salesforce is being pulled lower alongside other AI-linked software leaders. Enterprise software stocks fall as AI financing worries spread
• Negative Sentiment: Investors are comparing Salesforce’s premium-edition price increases with Adobe’s more user-friendly pricing approach, raising concerns that Salesforce’s AI monetization strategy could pressure customer upgrades or retention. Adobe versus Salesforce for AI software growth

Salesforce Profile

Salesforce, Inc (NYSE: CRM) develops cloud-based customer relationship management (CRM) software and enterprise applications. Its platform helps organizations manage sales, customer service, marketing, commerce, analytics, data integration and collaboration through subscription-based services.

The company’s product portfolio includes Sales Cloud, Service Cloud, Marketing Cloud, Commerce Cloud, Salesforce Platform, Data Cloud and Tableau. Salesforce also offers MuleSoft integration technology, Slack collaboration software and artificial intelligence capabilities through its Einstein platform.