Goodman Advisory Group LLC Has $242,000 Position in Salesforce Inc. $CRM

Goodman Advisory Group LLC decreased its position in shares of Salesforce Inc. (NYSE:CRM) by 95.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 886 shares of the CRM provider’s stock after selling 18,476 shares during the period. Goodman Advisory Group LLC’s holdings in Salesforce were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Painted Porch Advisors LLC boosted its holdings in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Salesforce by 314.8% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider’s stock worth $30,000 after buying an additional 85 shares in the last quarter. Christopher J. Hasenberg Inc lifted its position 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 worth $32,000 after buying an additional 92 shares during the last quarter. Maseco LLP acquired a new stake in Salesforce in the second quarter valued at about $34,000. Finally, Quaker Wealth Management LLC grew its position in Salesforce by 208.6% in the second quarter. Quaker Wealth Management LLC now owns 126 shares of the CRM provider’s stock valued at $34,000 after acquiring an additional 242 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director G Mason Morfit purchased 96,000 shares of the business’s stock in a transaction on Friday, December 5th. The shares were acquired at an average price of $260.58 per share, with a total value of $25,015,680.00. Following the completion of the transaction, the director owned 2,994,509 shares of the company’s stock, valued at $780,309,155.22. The trade was a 3.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Parker Harris sold 134,662 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $234.70, for a total value of $31,605,171.40. Following the sale, the insider directly owned 139,767 shares of the company’s stock, valued at $32,803,314.90. This represents a 49.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 177,534 shares of company stock worth $42,194,197. 3.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CRM shares. Needham & Company LLC restated a “buy” rating and issued a $400.00 price target on shares of Salesforce in a research note on Thursday, December 4th. Wells Fargo & Company cut their target price on shares of Salesforce from $275.00 to $265.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 4th. JMP Securities reaffirmed a “market outperform” rating and set a $430.00 target price on shares of Salesforce in a research note on Friday, October 17th. Citigroup cut Salesforce from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Citizens Jmp restated a “market outperform” rating and set a $430.00 price objective on shares of Salesforce in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Salesforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.46.

Salesforce Stock Performance

NYSE CRM opened at $262.34 on Friday. The company has a market capitalization of $245.81 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 1.95 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.14. Salesforce Inc. has a twelve month low of $221.96 and a twelve month high of $367.09. The stock has a fifty day simple moving average of $245.50 and a 200 day simple moving average of $252.08.

Salesforce (NYSE:CRM) last released its quarterly earnings results on Wednesday, December 3rd. The CRM provider reported $3.25 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.39. The firm had revenue of $10.26 billion for the quarter, compared to analyst estimates of $10.27 billion. Salesforce had a return on equity of 14.41% and a net margin of 17.91%.The business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.41 EPS. Salesforce has set its Q4 2026 guidance at 3.020-3.040 EPS. Sell-side analysts expect that Salesforce Inc. will post 7.46 EPS for the current year.

Salesforce Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a $0.416 dividend. The ex-dividend date is Thursday, December 18th. This represents a $1.66 annualized dividend and a yield of 0.6%. Salesforce’s dividend payout ratio is presently 22.16%.

About Salesforce

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.