XY Planning Network Inc. Buys New Stake in Salesforce Inc. $CRM

XY Planning Network Inc. purchased a new position in shares of Salesforce Inc. (NYSE:CRM) during the third quarter, Holdings Channel.com reports. The fund purchased 6,022 shares of the CRM provider’s stock, valued at approximately $1,382,000.

Several other hedge funds have also made changes to their positions in CRM. ProCore Advisors LLC bought a new position in shares of Salesforce during the third quarter worth about $228,000. KMG Fiduciary Partners LLC increased its holdings in shares of Salesforce by 6.2% in the 3rd quarter. KMG Fiduciary Partners LLC now owns 19,375 shares of the CRM provider’s stock worth $4,448,000 after acquiring an additional 1,136 shares during the period. Signal Advisors Wealth LLC acquired a new stake in shares of Salesforce in the 3rd quarter worth about $336,000. Foster Group Inc. bought a new stake in Salesforce in the 3rd quarter valued at about $217,000. Finally, B. Riley Wealth Advisors Inc. lifted its position in Salesforce by 40.5% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,575 shares of the CRM provider’s stock valued at $2,657,000 after purchasing an additional 3,338 shares during the last quarter. Institutional investors own 80.43% of the company’s stock.

Salesforce Trading Up 1.8%

Shares of NYSE:CRM opened at $238.14 on Wednesday. The company has a 50 day moving average of $228.44 and a 200-day moving average of $193.67. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market cap of $195.99 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.07 and a beta of 1.26. Salesforce Inc. has a twelve month low of $146.32 and a twelve month high of $269.11.

Salesforce (NYSE:CRM) last posted its quarterly earnings data 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 net margin of 21.99% and a return on equity of 24.90%. The business had revenue of $11.35 billion for the quarter, compared to analyst estimates of $11.33 billion. During the same quarter last year, the business earned $2.91 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS. As a group, analysts anticipate that Salesforce Inc. will post 12.82 earnings per share for the current fiscal year.

Salesforce Dividend Announcement

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

More Salesforce News

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: Bank of America upgraded Salesforce directly from Underperform to Buy and raised its price target to $285 from $160. The analyst sees AI strengthening demand for enterprise software, while the current valuation and Salesforce’s large buyback provide downside support. Salesforce Just Got a Rare Double Upgrade—What Changed?
• Positive Sentiment: Salesforce agreed to acquire Loops, an AI-powered analytics platform, for approximately $30 million. Loops is expected to enhance Tableau and Slack by proactively identifying business changes, explaining anomalies and recommending actions through Salesforce’s agentic-AI products. Salesforce to buy AI-powered analytics platform Loops
• Positive Sentiment: Recent operating indicators support the AI investment case: Agentforce reportedly surpassed $1.5 billion in annual recurring revenue, remaining performance obligations rose about 14% to $33.5 billion, and management is shifting toward usage-based pricing that could capture revenue from automated work rather than relying only on per-seat subscriptions. What Would It Take For Salesforce Stock To Move Higher?
• Positive Sentiment: The expanded DocuSign partnership will make Intelligent Agreement Management available natively across Salesforce, Agentforce and Slack, potentially increasing platform engagement and giving customers more AI-enabled workflow functionality. Docusign and Salesforce Launch Intelligent Agreement Management
• Neutral Sentiment: Salesforce’s latest quarter featured a substantial EPS beat and roughly 11% revenue growth, but investors continue to watch whether AI trials translate into paid upgrades and sustained organic revenue acceleration.
• Negative Sentiment: Risks remain from AI potentially reducing software seats, elevated short interest, acquisition-integration challenges and Salesforce’s slower stock performance relative to the broader market. The Loops deal is expected to close in November, making execution and measurable customer adoption important near-term catalysts.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of research analysts have issued reports on CRM shares. CLSA began coverage on shares of Salesforce in a research note on Monday, July 20th. They set a “hold” rating and a $165.00 target price for the company. Wall Street Zen cut shares of Salesforce from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $250.00 price target on shares of Salesforce in a research note on Thursday, September 17th. Mizuho lifted their price target on Salesforce from $265.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Finally, DA Davidson set a $225.00 price target on Salesforce in a report on Thursday, September 17th. Three analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Salesforce has an average rating of “Moderate Buy” and an average price target of $278.12.

About Salesforce

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.