Salesforce Inc. $CRM Shares Acquired by Capital International Sarl

Capital International Sarl raised its stake in Salesforce Inc. (NYSE:CRM) by 48.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,952 shares of the CRM provider’s stock after buying an additional 59,586 shares during the quarter. Capital International Sarl’s holdings in Salesforce were worth $43,123,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRM. Marquette Asset Management LLC purchased a new position in shares of Salesforce during the 3rd quarter worth $26,000. Evolution Wealth Management Inc. purchased a new stake in Salesforce in the second quarter valued at approximately $27,000. Country Trust Bank lifted its stake in Salesforce by 658.8% during the 2nd quarter. Country Trust Bank now owns 129 shares of the CRM provider’s stock worth $35,000 after acquiring an additional 112 shares in the last quarter. Capital A Wealth Management LLC boosted its holdings in Salesforce by 40.9% during the 2nd quarter. Capital A Wealth Management LLC now owns 155 shares of the CRM provider’s stock valued at $41,000 after acquiring an additional 45 shares during the period. Finally, Kilter Group LLC purchased a new stake in Salesforce during the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.

Salesforce Stock Down 1.6%

CRM stock opened at $198.81 on Tuesday. The stock has a market cap of $183.50 billion, a P/E ratio of 25.46, a PEG ratio of 1.47 and a beta of 1.29. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.18. Salesforce Inc. has a twelve month low of $174.57 and a twelve month high of $296.05. The company’s 50 day moving average is $215.86 and its two-hundred day moving average is $236.46.

Salesforce (NYSE:CRM) last posted its earnings results on Wednesday, February 25th. The CRM provider reported $3.81 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.76. Salesforce had a net margin of 17.96% and a return on equity of 15.38%. The firm had revenue of $11.20 billion for the quarter, compared to the consensus estimate of $11.18 billion. During the same period last year, the firm posted $2.78 EPS. The company’s revenue was up 12.1% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 13.110-13.190 EPS and its Q1 2027 guidance at 3.110-3.130 EPS. Research analysts expect that Salesforce Inc. will post 7.46 earnings per share for the current fiscal year.

Salesforce Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Thursday, April 9th. This is an increase from Salesforce’s previous quarterly dividend of $0.42. Salesforce’s dividend payout ratio (DPR) is presently 21.25%.

Analysts Set New Price Targets

Several equities analysts have commented on CRM shares. Truist Financial set a $280.00 price target on shares of Salesforce in a research note on Thursday, February 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research report on Thursday, February 26th. Stifel Nicolaus cut their target price on shares of Salesforce from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Piper Sandler reiterated an “overweight” rating and issued a $250.00 price target (down from $280.00) on shares of Salesforce in a research note on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of Salesforce from a “hold” rating to a “buy” rating in a report on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Salesforce has a consensus rating of “Moderate Buy” and a consensus target price of $283.14.

Insider Transactions at Salesforce

In other Salesforce news, Director Neelie Kroes sold 3,893 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $238.70, for a total value of $929,259.10. Following the completion of the sale, the director owned 7,299 shares in the company, valued at approximately $1,742,271.30. The trade was a 34.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Blair Kirk bought 1,936 shares of the stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $258.64 per share, for a total transaction of $500,727.04. Following the completion of the transaction, the director owned 10,677 shares of the company’s stock, valued at approximately $2,761,499.28. The trade was a 22.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.00% of the stock is owned by corporate insiders.

About Salesforce

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.