Mountain Hill Investment Partners Corp. Buys Shares of 23,771 Salesforce Inc. $CRM

Mountain Hill Investment Partners Corp. acquired a new stake in shares of Salesforce Inc. (NYSE:CRMFree Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 23,771 shares of the CRM provider’s stock, valued at approximately $5,634,000. Salesforce comprises approximately 4.9% of Mountain Hill Investment Partners Corp.’s investment portfolio, making the stock its 10th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRM. Painted Porch Advisors LLC boosted its position in Salesforce by 260.0% during the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after buying an additional 65 shares during the period. Marquette Asset Management LLC bought a new position in Salesforce in the 3rd quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new position in shares of Salesforce in the second quarter worth $27,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Salesforce by 383.3% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 116 shares of the CRM provider’s stock valued at $32,000 after buying an additional 92 shares during the period. Finally, Maseco LLP bought a new stake in shares of Salesforce in the second quarter worth $34,000. 80.43% of the stock is owned by institutional investors.

Insider Transactions at Salesforce

In other news, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total transaction of $31,605,171.40. Following the sale, the insider owned 139,767 shares in the company, valued at $32,803,314.90. This trade represents a 49.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Marc Benioff sold 2,250 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $258.20, for a total transaction of $580,950.00. Following the transaction, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $3,075,567,632.20. The trade was a 0.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 150,534 shares of company stock worth $35,636,954. 3.00% of the stock is owned by company insiders.

Salesforce Stock Down 7.1%

CRM stock opened at $240.95 on Wednesday. The company has a market capitalization of $225.77 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.26. Salesforce Inc. has a 12 month low of $221.96 and a 12 month high of $367.09. The firm’s fifty day simple moving average is $250.00 and its 200-day simple moving average is $251.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.98 and a quick ratio of 0.98.

Salesforce (NYSE:CRMGet Free Report) last released its earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.39. The business had revenue of $10.26 billion during the quarter, compared to analysts’ expectations of $10.27 billion. Salesforce had a net margin of 17.91% and a return on equity of 14.41%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.41 earnings per share. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. As a group, equities research analysts forecast that Salesforce Inc. will post 7.46 earnings per share for the current year.

Salesforce Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a $0.416 dividend. This represents a $1.66 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, December 18th. Salesforce’s dividend payout ratio is currently 22.16%.

Salesforce News Roundup

Here are the key news stories impacting Salesforce this week:

Analyst Upgrades and Downgrades

CRM has been the subject of several recent research reports. Bank of America cut their price target on Salesforce from $325.00 to $305.00 and set a “buy” rating for the company in a report on Monday, November 17th. JMP Securities reiterated a “market outperform” rating and issued a $430.00 price target on shares of Salesforce in a report on Friday, October 17th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Salesforce in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Salesforce from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, UBS Group reiterated a “neutral” rating and issued a $260.00 target price on shares of Salesforce in a report on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Salesforce presently has a consensus rating of “Moderate Buy” and an average price target of $326.50.

Read Our Latest Analysis on CRM

About Salesforce

(Free Report)

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.

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Institutional Ownership by Quarter for Salesforce (NYSE:CRM)

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